Have you thought about getting solar panels for your home? They offer a lot of benefits, including the chance to avoid high energy bills. Not to mention how much they reduce your carbon footprint over time! Of course, it’s not a decision you can jump into on a whim, as solar panels come with their costs. So, are they affordable for you? If you’re considering solar panels, here are the costs to consider.
The Cost of Installation
The most expensive part of getting solar panels is the cost of the installation, which typically includes the solar panel system itself. The price of this ranges significantly depending on the type of solar panels you get, where you live, and how many you need. Some homes may be able to get a solar panel installation for as little as £4,000, whereas others might need to pay up to £10,000 (with the average cost somewhere in the middle of that). Of course, that is quite a chunk of money to have upfront, which may be why some people put off getting them installed.
The Cost of Maintenance
The cost of maintaining solar panels is another thing to consider. The good news here is that maintenance costs for solar panels don’t come anywhere close to the cost of energy bills. Typically, expect to pay between £100-£200 a year on solar panel maintenance. A good solar panel installer will provide routine maintenance for a fixed cost.
What You Save in Energy Bills
We’ve gone into the cost of solar panels, including installation and maintenance. What about how much they save you in energy bills? That’s one of the biggest reasons people invest in solar panels, after all.
The average cost of energy bills differs significantly depending on the size of the house and the amount of energy used, but let’s assume it’s a medium-sized house paying around £2,000 per year. Assuming that the maintenance of solar panels is £200, that’s £1,800 saved per year in energy bills. If a person spent £5,000 on installation, it would only take three years for the solar panels to pay for themselves! After that, you can enjoy low-cost energy that comes directly from the sun.
Are Solar Panels More Cost Effective?
Overall – absolutely, yes. It’s true that solar panels come with a pretty hefty initial cost, but this is supposed to last you a long time. After just three years, you will save a significant amount of money.
Solar Panels: A Long-Term Investment
Solar panels are undoubtedly a long-term investment. If you’re only living in a property for a couple of years, they may not be worth it. However, if you plan on settling into a family home for three years or more, they are definitely worth considering, both for your carbon footprint and your bank account! If you need solar panels in Milton Keynes, you are in the right place – we offer affordable, high-quality installations in the area, so get in touch today.
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