Solar panels provide households with a renewable, greener energy source, which allows households to cease reliance on the national grid.
Payback Period
The average payback period of a solar panel installation is around 8 years, although this may vary across different regions. In some areas, the timeframe may be shorter.
Payback is also dependent on current energy prices. However, these look set to continue to increase, meaning that more savings can be made on electricity bills.
When calculating the payback period, there are many factors to consider. The quality of the panels, their location, capacity and angle, as well as whether you have additional battery storage installed, all factor into the calculated payback period. An expert provider can ensure that you are achieving your maximum energy potential with a high-quality install.
Those who benefit from the addition of battery storage can expect to see a slightly increased payback period. However, substantially more savings will be made in the first year.
With the 0% VAT policy applicable on solar panels until 2027, there has never been a better time to reduce the payback period.
Solar Panel Installation
Specialists in solar panel installation Stroud, such as https://www.precisiongreenenergy.co.uk/renewables/solar-panel-installation/stroud/ can provide a full site survey as well as a no-obligation quote on your solar panel system requirements. This will allow you to consider whether solar panels are a good fit for your lifestyle, as well as learn about the benefits of additional battery storage.
As well as the savings that can be made and the reduced reliance on the national grid that can be achieved, households can also look forward to a greener and more sustainable energy future by helping to reduce the effects of climate change and carbon emissions.
