With the UK showing an ever-growing interest in renewable energy solutions, solar photovoltaic (PV) systems and battery storage have become increasingly popular – but what will you need to fork out for one of these high tech systems in 2023, and is the return on investment worth it?
In this post, we will cover the costs for installing solar PV and battery storage systems in the UK and shed some light on the potential savings they offer.
For an accurate quote for your project, get in touch with our experienced team located in Barnsley.
Solar PV Installation Costs 2023
There has never been a better time to go solar, with the cost of making the switch dropping 82% since 2010.
Technology is becoming more affordable and electricity bills are going up so the savings are becoming more appealing. What was once a huge investment might now be a sensible decision for a household that wants to lean into renewable energy and save a bit of money long-term.
In 2023, the average cost for a Solar PV system can be anywhere from £5,000 to upwards of £10,000, but prices can vary massively depending on the system. You can expect to pay roughly £2000 per kW.
Typically the more energy a system produces, the more the installation cost. This is because there will be bigger initial hardware costs and typically more panels installed. The good news is that larger systems will usually offer bigger savings long-term.
This being said, there are a number of factors that can impact cost and efficiency of a system. The type and size of the system are one of the biggest considerations but you may also want to think about roof orientation, shading, and any structural requirements that might impact the installation costs.
Other costs to consider when you’re looking into solar panels include maintenance, repairs, cleaning and any significant work your home will need to cope with the system.
Our Barnsley-based team can help you to better understand the costs involved and identify any potential issues. Call us today for a free, no obligation quote for your project.
Battery Storage Installation Costs 2023
Battery storage systems work alongside solar PV systems to store excess electricity for use later on.
In 2023, the cost of installing battery storage systems in the UK will typically range from £2,000 to £5,000 per kilowatt-hour (kWh) of storage capacity.
Of course, bigger batteries and more storage will be more expensive. Things like system complexity and additional work to optimise the system can also make a battery storage system more expensive.
When it comes to any solar or battery systems, efficiency is always key. The more efficient a system, the larger the potential long-term savings.
Return On Investment From Smart Energy Systems 2023
The amount of time taken for you to “break even” on your system can vary depending on its size but the average is between 7 and 12 years for most households.
During this period it's important to remember that you are still making monthly savings on bills, something that’s extremely valuable for many households.
Installing Solar Panels in 2023
Installing solar PV and battery storage systems in the UK in 2023 offers homeowners a chance to reduce energy costs, decrease reliance on the grid, and contribute to a sustainable future.
Solar PV Installer in Barnsley
Now is a great time to speak to an experienced team of fitters, like our team at AME Smart installations about all things renewable. Contact Your Local Solar PV specialists in Barnsley today.