{"id":6061,"date":"2013-07-01T15:17:20","date_gmt":"2013-07-01T14:17:20","guid":{"rendered":"https:\/\/solarpanels.anytrades.co.uk\/?p=199"},"modified":"2013-07-01T15:17:20","modified_gmt":"2013-07-01T14:17:20","slug":"how-much-do-solar-panels-cost-2","status":"publish","type":"post","link":"https:\/\/www.local-quotes.co.uk\/guides\/tips\/how-much-do-solar-panels-cost-2\/","title":{"rendered":"How much do solar panels cost?"},"content":{"rendered":"

Are you fed up of paying large energy bills every month and want to cut the amount you\u2019re spending? Then you\u2019ll probably want to know how much do solar panels cost. Well the good news is, prices have plummeted over the last few years. As a result solar panels<\/a> are now much more affordable than they once were, ensuring an investment makes financial sense.<\/p>\n

So, how much do solar panels cost<\/a>?<\/p>\n

When the feed-in tariff scheme had top rates of over 40p\/kWh, solar panel companies had a lot more leverage to charge high prices for systems. A few years ago you could easily have paid \u00a314,000 for a solar panel system.<\/p>\n

But with the Government cutting rates to the scheme (now at 15.4p\/kWh), prices have dropped considerably and you could now pick up a solar panel system for just \u00a35,000. Of course prices will vary depending on the company you choose and the size system you opt for though.<\/p>\n

If you still think solar panels are a little on the pricey side, then let me introduce you to the benefits on offer with this renewable technology.<\/p>\n

The feed-in tariff:<\/strong><\/p>\n

The feed-in tariff is by far the most lucrative benefit provided with solar panels. It\u2019s a Government-backed scheme which pays out for every unit of electricity you generate, whether or not it\u2019s used in the home or sold to the grid instead.<\/p>\n

With the feed-in tariff you can earn between \u00a3500 and \u00a3600 each year, guaranteed for two decades. So instantly you\u2019ll start recouping your initial investment and you can easily see the profits achievable.<\/p>\n

Energy bills savings:<\/strong>
\n\"Solar200-2<\/a>
\nSolar panels offer a route away from paying National Grid<\/a> prices for gas and electricity. As energy suppliers keep cranking up costs, the best way to reduce your expenses is by generating your own electricity, with solar panels.<\/p>\n

Solar panels have a life expectancy over 25 years and you can save \u00a3100 each year.<\/p>\n

With energy costs expected to double by 2020, your annual savings will keeping increasing with every year you have solar panels installed.<\/p>\n

Sell electricity:<\/strong><\/p>\n

There\u2019s a third financial incentive which isn\u2019t as known to those outside the industry, called the export tariff. This is an agreement between the Government and major energy suppliers, so the electricity you produce can be sold to the grid if not used in the home. This is perfect for those likely to be at work during daylight hours and ensures no energy is wasted.<\/p>\n

The export tariff rate stands at 4.5p\/kWh and should earn you a further \u00a380 each year, adding to the feed-in tariff income and energy bill savings.<\/p>\n

There is also the option to store any excess energy produced by your solar panels into a solar panel battery<\/a>, this allows you to use this free electricity in the evening when the sun has set.<\/p>\n

Remember, if you want the true answer to how much do solar panels cost, you need to compare at least three of four quotes from reputable solar panel installers<\/a>.<\/p>\n

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Facts & Figures You’ll Love To Share <\/strong><\/p>\n