Solar PV systems have become increasingly popular in the UK over the past few years, as more and more homeowners in Barnsley look for ways to reduce their carbon footprint and save money on their ever increasing energy bills.
If you're considering installing a Solar PV system into your Barnsley home, you're likely wondering how much you can expect to save.
In this blog, we'll take a look at the average cost savings of a domestic Solar PV system in the UK, the return on investment, and the factors that determine your potential savings.
Want to learn whether a solar PV system can work for you? Just give us a call to discuss your options.
What Can Impact The Savings Made With A Solar PV System?
The average cost savings of a domestic Solar PV system in the UK in 2023 can vary greatly depending on several factors, including the size of the system, the amount of electricity used on average by your household, and the location of your home.
Larger systems will naturally create more power because there is a wider area available to absorb that sunlight and generate usable energy. Of course, the downside here is that larger homes with more panels will typically use more electricity. It’s all about achieving a balance between creation and use that makes this solution an affordable one.
Understandably, homes in sunnier areas that see more daylight hours will also be able to generate more energy and therefore are more likely to offset reasonable usage.
On top of this, the angle and orientation of the solar panels can also affect the savings, with panels that face South and have a pitch of around 30 degrees receiving the most sunlight.
Your engineer will be able to set up the system so that it is efficient for your home.
How Much Will I Save With Solar PV?
A typical 4kW Solar PV system can cost anywhere between £4,000 and £7,000 to install, and can generate around 3,800-4,400 kWh of electricity per year, depending on the location and the amount of sunlight received.
This can result in savings of £300-£400 per year on a typical electricity bill, with the savings increasing if energy prices rise.
It's important to keep in mind that the savings from a Solar PV system are not immediate, as it may take several years to recoup the initial investment. However, the savings can be significant over the 25-30 year lifespan of the system, especially if energy prices continue to rise.
Does A Solar PV System Add Value To My Home?
A Solar PV system can add value to your Barnsley home by increasing its energy efficiency and appeal to potential buyers.
According to the Energy Saving Trust, a Solar PV system can increase the value of a home by as much as 4-5% in some cases. This is because a Solar PV system can reduce the running costs of a home by reducing the amount of electricity that needs to be purchased from the grid. This can make a home more attractive to potential buyers, who may see the Solar PV system as a long-term investment that will provide significant savings on their energy bills.
Of course, it’s not a guarantee. Some areas may see more benefits of these systems than others. If you do, however, have things like electric car chargers in your home already, it’s definitely something to consider as it can make the whole home more sustainable and be more cost-efficient long-term if the power you are using is self-generated.
Get started with a Solar PV system to help you save on your bills and reduce your carbon footprint. For more information regarding Solar PV system installations in Barnsley Give us a call.