Savvy home owners are moving quickly to invest in solar panels, here's why...
GREEN POWER
Last updated: 22nd January 2024
Why are UK home owners 'investing' in solar panel heating?
With little prospect of saving lots of money on your annual energy bills or returning to pre 'energy crisis' monthly payments, an effective way to substantially reduce your energy costs, is to improve the energy efficiency (EPC) of your home.
Due to the demand for solar panels and technology improvements, this has significantly reduced the upfront costs of solar panels for people across the UK.
Benefits of 'investing' in Solar Panels in 2024
1 There is currently no VAT paid on Solar Panel instillations on your home until 2027*
2 Solar Panels can increase the value of your home by up to 15% by improving your 'Energy Performance Certificate' (EPC) rating**
3 You need daylight not just sunlight to generate solar power
4 You can earn money back on the energy you generate but don’t use in your home by selling it back to the energy grid through your energy provider on a SEG Tariff
5 You can save hundreds of pounds a year on energy bills and pay back your investment in solar over the next few years whilst living in your home
Increase the value of your home
Invest in solar panels, save on energy, increase the value of your home
Do I have to pay for solar panels?
Yes, if you're able to 'invest' in solar panels for your home, you either pay for the panels and instillation up front, or alternatively, arrange for a suitable finance deal to pay for the panels over a period of time that works for you. Investing in solar panels can help you to increase the value of your home between 3 and 15% with an improved EPC rating whilst also reducing your monthly outgoing energy bills.
If I install Solar Panels, will I also save money on my energy bills?
100% YES!! A typical UK household can expect savings of in excess of 70% a year off their energy bills, depending on the panels you choose and their kW power. So you benefit from improving your home energy efficiency rating and saving on your bills by investing in Solar Panels in 2024.
*No VAT to be paid on ESMs
**Based on Rightmove Greener Homes Report 2023