Are solar panels a good investment?

Installing solar panels at your home or business premises can reduce your carbon footprint and earn you money. Not only do solar PV systems cut your energy bills, they can also actually bring in profit through the government's incentive schemes. We use smart data so you can compare energy prices in less than a minute.

Why should you install solar panels?

Installing solar panels lets you use free, renewable, low carbon electricity. You can sell surplus electricity to the grid or store it for later use. According to low-carbon certification organisation MCS , there were more than 183,000 solar panel installations across the UK in 2023.

What is the average cost to install solar panels?

The average cost to install solar panels in the US is around $16,000, but it can range between $4,500 and $36,000. The cost depends on factors like the solar panel type and model you choose and the incentives you apply after installation.

What if I don't get free solar panels?

If you aren’t eligible for free solar panels, you can still save money through group-buying schemes such as Solar Together, or solar panel subscriptions from installers like Sunsave and Effective Home.

Do you need a solar panel system to be energy independent?

If you want to be fully energy independent, you will need more panels and a solar battery big enough to store the excess energy you generate. As long as you install a solar panel system powerful enough to cover your household’s energy usage, you can rely on solar electricity for all your energy needs.

Do solar panels generate electricity?

That said, the rate at which solar panels generate electricity varies depending on the amount of direct sunlight and the quality, size, number and location of panels in use. Even in winter, solar panel technology is still effective; at one point in February 2022, solar was providing more than 20% of the UK’s electricity.1