How much do solar panels cost?
Solar panels offer many benefits as a source of electricity for your home. Most importantly, they are good for the environment. The typical setup will save over a tonne of carbon dioxide emissions every year. This is great news, but there are also some interesting financial benefits as well. Thanks to the feed in tariff that was brought in by the government, homeowners who have solar panels installed by an MCS accredited installer are able to generate an income from their panels. If you had them installed before march the 3rd 2012 then you will benefit greatly, earning up to and in some cases over, £1000 per year. If they were installed after this date however, you will get a reduced rate and only stand to earn about £600 per year.
These reduced feed in tariff rates are a shame and make the investment in solar panels a lot less tempting from a financial point of view. It is worth noting though, that the cost of solar panels has come down somewhat in recent years, which offsets the reduced feed in tariff payments a little, though certainly not proportionally.
So now we know that there are a number of benefits when it comes to installing one of these systems on your home. So, how much do solar panels cost? Well, in the UK prices have been starting to drop lately alongside the feed in tariff cuts. A year ago the typical system would set you back around £10,000, but now this number has dropped to closer to £7000, which is good for everyone (except maybe the system installers!). Make sure you watch out for crafty installers though - some may keep prices inflated in order to cash in on a higher profit margin. So if you are planning to go out and install solar panels on your home, we suggest you do so as soon as possible in order to take advantage of the highest possible feed in tariff rate.
These reduced feed in tariff rates are a shame and make the investment in solar panels a lot less tempting from a financial point of view. It is worth noting though, that the cost of solar panels has come down somewhat in recent years, which offsets the reduced feed in tariff payments a little, though certainly not proportionally.
So now we know that there are a number of benefits when it comes to installing one of these systems on your home. So, how much do solar panels cost? Well, in the UK prices have been starting to drop lately alongside the feed in tariff cuts. A year ago the typical system would set you back around £10,000, but now this number has dropped to closer to £7000, which is good for everyone (except maybe the system installers!). Make sure you watch out for crafty installers though - some may keep prices inflated in order to cash in on a higher profit margin. So if you are planning to go out and install solar panels on your home, we suggest you do so as soon as possible in order to take advantage of the highest possible feed in tariff rate.