Are Solar Panels A Good Investment Uk

But if you are in a property you plan to stay in for many years solar panels could be a good investment for you in the long term.

Are solar panels a good investment uk.

As you can see installing solar panels in the u k. Companies market solar pv panels as an investment. When will i break even after the feed in tariff concluded in april 2019 the answer didn t make for pretty reading but thankfully things have changed. A south facing roof will usually give you greater returns but a south west or even west facing roof could still make solar panels a great investment.

According to the international energy agency global renewable energy capacity is on track to expand by 1 200 gigawatts gw from 2019 to 2024 with solar powering 60 of that. Bear in mind that the feed in tariff could change in the future but even reducing your electricity bills will help towards footing the bill. Are solar panels a good investment in the uk. You get to use green energy be a first adopter of this remarkable new technology save on your electricity bills and enjoy some government incentives for early adopters of solar technologies.

In terms of the environmental impact it is a no brainer i have not contributed to any of the 40000 premature deaths over the last 12 months. Is still a great deal. However there are many factors to consider. Returns of 10 plus are available non taxable for individuals inflation linked and dependent only on the sun coming out.

Solar pv is a fantastic investment. In fact as our recent blog showed the cost per kwh of solar electricity is around 8p. There s no denying that solar panels are a long term investment but given the potential for both saving money on energy bills and earning from the energy you put back into the system solar panels can actually pay for themselves over a period of time. In many locations solar power is a.

Determining whether to install a pv solar system may seem like a daunting task but it is important to remember that such a system is a long term investment. But there are some significant differences between the traditional ways of growing your money such as savings and investments and purchasing and installing a solar pv system.