How Long Do Solar Panels Take To Pay For Themselves Uk

How many solar panels are needed to run a house.

How long do solar panels take to pay for themselves uk.

It will also depend on how many panels you install. In summary it will be a few years but if you can be tactical you can reduce the time. There s no denying that solar panels are a long term investment but given the potential for both saving money on energy bills and earning from the energy you put back into the system solar panels can actually pay for themselves over a period of time. In plymouth it takes only 8 4 years for a domestic solar panel installation to pay for itself compared with the national average of 9 5 years.

Your payback period will depend on your electricity usage electricity rates and how compatible your roof is for solar. For a typical home the cost of your system can range from 20 000 to 30 000 to purchase and install. While the national average is 9 5 years it takes only 8 4 years in plymouth exeter and truro the top three for a domestic solar panel installation to pay for itself. It depends on where you live how much energy you use and how much your utility bills were prior to installing you solar panel systems.

Cities in the south come out with the lowest payback years. Checking some numbers we get to the expected results. Our customers see payback periods that are between 10 15 years on average. Here s how the figures break down for cities in the.

Whether you are interested in solar panels for a residential property or as a commercial installation it is inevitable to think about the profitability of the system and ask whether your panels will pay for themselves.