As we all become more aware of the impacts of climate change, there’s a noticeable shift toward sustainable living and eco-friendly choices in our everyday lives.
One of the most significant ways for homeowners to contribute to this movement is by looking at the energy we use and how it’s generated.
Choosing a solar panel installation is a wise move for any homeowner who is conscious of their monthly energy bills and the environment.
In this article, we'll delve into why solar power should be a consideration for every eco-conscious homeowner.
We'll explore the financial advantages, the positive environmental effects, the potential impact on your property's value, and how solar panels can lead you toward energy independence.
The financial benefits of solar panels
When we speak to customers who are considering a solar panel installation, one of the common concerns they have is the initial installation cost.
It's a valid concern, as the financial investment for installing solar panels can be substantial, often amounting to several thousand pounds, depending on the size of your property and the specification of the solar panel installation.
However, many of our customers have been pleasantly surprised with the speed at which they can recover their investment.
With the efficiency of modern solar panels and the current cost of energy, the cost savings from solar energy can offset the initial cost faster than many might think.
Let’s take a look at the financial benefits of installing solar panels in more detail.
Savings on energy bills
When you install solar panels, you’re able to generate your own electricity using the renewable power of the sun, reducing your need to buy electricity from the national grid.
This can result in substantial long-term savings on energy costs, with it actually being estimated that a 4kW solar panel system can deliver electricity bill savings of up to £1000 every year.
This figure can increase significantly if battery storage is installed alongside your solar panel system, allowing you to store the excess electricity you generate during the day for use when the sun goes down.
When you consider the average P4R installation cost of £7000 for a 4kW system and assume a 25-year lifespan of a solar panel system - you could be looking at saving £25,000 from this initial outlay of £7000.
Smart Export Guarantee (SEG)
The Smart Export Guarantee (SEG) further enhances the financial appeal of solar panel installations.
Introduced in 2020, the SEG replaces the earlier Feed-in Tariff scheme and allows homeowners to export any surplus electricity they generate back to the grid and receive payment for it.
It’s worth noting that the financial benefits of the SEG are modest, and the payment tariffs are set by the energy companies, so there can be a significant difference between them.
To qualify for the SEG, your solar panel system must be installed by a Microgeneration Certification Scheme (MCS) accredited partner, with a smart meter installed to monitor and accurately report electricity usage and generation.
Energy independence and security
Solar panels not only offer financial savings but also provide homeowners with a significant level of energy independence and security.
The fluctuations in energy costs over the last couple of years have been a concern for many of us. Homes that don’t have the means to generate their own electricity have found themselves significantly impacted by rises in the energy price cap.
Government figures suggest the price of energy in the first three months of 2024 will be almost 60% higher than at the end of 2021.
Many homeowners have this at the forefront of their minds when considering solar panels, viewing a solar installation as an effective way to insulate themselves from any future price hikes in the cost of electricity.
Environmental upsides of solar panels
Choosing to install solar panels is more than just a smart financial decision.
It's a powerful step towards becoming more sustainable, reducing your carbon footprint, and contributing to a healthier planet.
Currently, approximately 33% of electricity from the national grid is generated by burning fossil fuels.
When fossil fuels are burned, they emit carbon dioxide into the air. Carbon dioxide is known as a greenhouse gas and is a significant contributor to climate change.
By choosing to install solar panels, you can generate electricity from the renewable energy of the sun without creating any greenhouse gases and harming the planet.
Home value enhancement
For any homeowners that are looking to maximise the resale value of their house, it’s worth considering the installation of solar panels.
Prospective buyers, increasingly aware of environmental impacts and energy costs, are drawn to homes with solar power for the promise of long-term energy savings and a reduced carbon footprint.
As the trend towards sustainable living continues to grow, the demand for eco-friendly homes is expected to rise, further enhancing the marketability and value of properties with solar panels.
As a result, homes equipped with solar panels tend to attract higher resale values. It’s estimated that having solar panels installed in your home can increase the value of your property by as much as 25%.
Ready to unlock the power of solar energy?
Choosing to install solar panels to your home has a wide range of benefits for homeowners, ranging from significant savings on energy bills, reducing your carbon footprint, becoming more energy independent, and increasing the value of your property.
If you’re curious to find out more about getting solar panels installed, get in touch with Projects4Roofing.
As MCS certified installers, Projects4Roofing has the expertise to ensure that your journey toward solar power aligns with the highest industry standards and makes your installation eligible for the Smart Export Guarantee.
And with a typical Projects 4 Roofing solar panel installation taking just a day or so, you could be generating your own electricity in no time.
So, why wait?
Take the step towards a greener, more cost-effective future with Projects4Roofing.
