Solar Panels Return On Investment Uk

What will my solar panels roi be.

Solar panels return on investment uk.

Maximising your solar panel investment. There are currently 14 energy suppliers in the uk paying out an export tariff with an average rate of 3 82p per kwh ranging from 1 5p to 5 6p. Regardless of individual circumstances however the savings are significant. A household with a 3 5kw solar pv system would send around 1 500kwh back to the national grid so 1 500 x 3 82p is 57 30 per year.

For most people solar panels are a significant investment but. An easy way to determine your payback. To calculate the solar panel roi you can expect you need to get a get a customized quote for your specific installation. Though a solar panel system is a substantial investment up front over time it can more than pay.

In fact as our recent blog showed the cost per kwh of solar electricityis around 8p. If you re thinking of investing in solar panels a good way of making the most of your money is to reinvest any cash you save on your energy bill plus any money you make from producing electricity. This report considers costs tariff rates and potential savings in order to outline current expected rates of return for domestic solar panel installations and to compare them with costs and returns available since 2010. The tariff rate for solar panels has fallen from 41 3p kwh at the launch of the scheme in 2010 to 3 79p kwh today january 2019.

The return you get on your investment will depend on what your current electricity costs look like. The amount of money you save by investing in solar energy varies depending on factors including where you live the incentives available from your state government and the type of system you install. The array will cost around 4 500 7 000 and will produce a feed in tariff return of approximately 79 a year. Solar return on investment calculator.

There are a ton of ways to make money with solar today. Return on investment for a 4 kw solar panel installation if you have the roof space and finance for a large 4 kw installation then you may benefit from even greater returns. Solar pv is a fantastic investment. Thanks to a variety of structures you can participate in solar energy without having it on your roof.

Returns of 10 plus are available non taxable for individuals inflation linked and dependent only on the sun coming out. Think about putting it into a cash isa regular savings account or even a high interest current account. While many studies find that the average stock market investment has a 10 roi its risk is far greater than an investment in solar energy. With solar your return comes from reducing your electricity bills by generating your own for free.