Are solar panels a good investment?

Over the past decade, the cost of solar power has halved, making it a more attractive option for homeowners. With gas prices on a rollercoaster and climate change concerns mounting, solar panels are expected to become even more cost-effective in the future. After installation, solar panels start saving you money on energy bills immediately.

Should you buy solar panels?

This is another way to look at buying solar panels: you're locking in energy at a cheaper rate than the current market, and if you believe energy prices are going to rise over the lifetime of the solar panels, your payback period could fall drastically.

Are solar panels a good investment in 2024?

With government incentives and an increasing number of households looking to cut energy costs, solar panels have become a common sight. In 2024, the efficiency of photovoltaic cells has seen significant improvements, making solar panels an even more attractive option for homeowners and businesses alike.

Why are solar panels gaining popularity in the UK?

The UK’s commitment to reducing carbon emissions has catalysed the growth of solar energy installations across the nation. With government incentives and an increasing number of households looking to cut energy costs, solar panels have become a common sight.

Should you consider solar panels as a home improvement?

It’s also worth considering solar panels' value as a home improvement. Solar panels are attractive to potential new homeowners when you next sell your home, which can increase your property value as a result.

How many solar panels are being installed a week?

The energy bills crisis has prompted a big rise in demand for solar panels. Just over 3,000 solar installations are being carried out every week, according to trade association Solar Energy UK, up from 1,000 a week in July 2020. One provider said this month it had seen enquiries about solar panels rise tenfold.