Solar panels allow you to power your home using free, renewable energy, meaning you can save a nice amount on your monthly energy bills while reducing your carbon footprint. Upfront, however, they are a significant investment. So, are they worth it?
The cost of solar panels depends on the type and size of the system you choose, says Checkatrade, but they estimate the average price to be £8,000, with installation costing as much as £1,800. It also suggests solar panels could save you between £200 and £500 per year on energy bills.
In the UK, it "typically takes around 10 and a half years to break even after installing solar panels." What's more, according to the eco experts, solar panels can improve a property's EPC score, making it more desirable to house hunters and adding up to 14% to its value.