Are solar panels a good investment?

Solar panels can lower your energy bills and earn you money; however, they are costly to install. Let’s take a look at what you need to know before you decide to go renewable.

Help the planet

Many homeowners decide to install solar panels in a bid to reduce their carbon footprint. They have become increasingly popular as solar technology has become more accessible and there are many installers across the UK; for example, if you are looking for solar panel installation Bristol, you will find plenty of companies that can provide advice and guidance.

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Initial outlay

Solar panels cost an average of £7,000, according to the Energy Saving Trust. We recommend getting quotes from at least three installers, with the cost depending on the size of your system and the ease of roof access in addition to the type of panels. Panels that sit on top of the roof are cheaper than those that are integrated.

Big savings on bills

You could save up to £400 on your energy bills by using the electricity your panels generate, as you won’t be using power from the National Grid. The amount you will save depends on your usage and how big your solar system is. Since 2020, the Smart Export Guarantee (SEG) scheme gives households cash for any electricity they generate and don’t use. The amount you get back depends on the energy supplier, so it pays to research the best-paying tariffs on the market. These can be fixed or variable, with estimates by the Energy Saving Trust showing that an average household could receive £100-£145 a year.

Is your home suitable?

Not all buildings are suitable for solar panel installation in Bristol, and there are important things to consider before deciding to go ahead.

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To maximise the amount of energy you can make, your roof should be predominantly south-facing and not be shaded during the peak hours of 10am to 4pm. The roof needs to be in a good state of repair and big enough to fit the panels, which take up around two square metres each.

James Barnes


James Barnes is an experienced wedding organizer. He specialized in organizing outdoor wedding events. When he isn’t writing about weddings and marital life, David usually goes swimming or playing squash.

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