8 benefits of solar panels for homeowners

Solar PV panels have become increasingly popular in the UK, and for a good reason. They provide numerous benefits for homeowners, ranging from energy bill cost savings to improving the value of their homes. In this blog post, we will explore the top eight reasons why solar panels are an excellent investment for UK homeowners.

solar panel installer essex

Helps reduce your energy bills.

Demand for solar panels is exceptionally high at the moment, as homeowners are catching on to the idea that as the energy cap rises, solar panels are paying for themselves in record quick time. When energy price were lower, it could take as long as 15 years to break even, but now it can take as little as seven to ten years.

With the energy cap having risen to £2,500 in October 2022 and with the ongoing cost of living crisis, UK homeowners are trying to find ways to reduce their energy bills. With the energy cap set to rise again in April 2023 to £3000, homeowners will no doubt be attracted to the idea of using the sun’s energy as a money-saving tool.

Here are some examples of cost savings homeowners can make on their energy bills by investing in solar PV panels.

*The figures used in this table are calculated based on 400W panels, the ability of the household to consume half the energy the panels produce, and the average price of electricity as of Jan 2023. The above table makes a broad estimate, and figures may vary according to the type, size, quality of the solar panel system, and export tariffs.

In addition to reducing energy bills, solar panels can generate income for homeowners through the Smart Export Guarantee (SEG) scheme, which pays homeowners for the excess electricity they generate and feed back into the grid.

solar installers essex

Sell back electricity to the grid

The Smart Export Guarantee (SEG) is a government policy that replaced the previous Feed-in Tariff scheme in the UK. The SEG was introduced in January 2020, and it stipulates that energy suppliers with over 150,000 customers must offer a minimum payment for excess electricity generated by small-scale renewable energy sources, such as solar panels.

Under the SEG, homeowners and small businesses that generate excess electricity through renewable energy sources can sell their surplus power back to the grid. The amount paid for this extra energy is set by energy suppliers, who must offer a minimum price per kilowatt-hour (kWh) of electricity exported. The price offered may vary depending on the time of day, the season, and other factors.

The SEG is designed to encourage the adoption of renewable energy technologies by offering financial incentives for homeowners and small businesses, to generate and export their own clean energy. Homeowners can reduce their energy bills by selling excess energy back to their energy supplier and potentially earn additional income from their renewable energy system.

It is vital to note that not all energy suppliers are required to participate in the SEG, and the minimum price offered may vary between suppliers. Homeowners and small businesses interested in taking advantage of the SEG should research their energy supplier’s SEG offer and compare it with other suppliers to ensure they get the most cost-effective deal.

You can only claim the SEG if your installer is fully MCS accredited.

Low maintenance cost

Because there are no moving parts, solar panels generally require very little maintenance. However, performing regular checks and cleaning them once or twice a year is still essential to help keep their peak efficiency.

With proper maintenance, solar panels can provide a clean, renewable energy source for your home or business for at least 25 years.

solar panels essex

Charging your electric vehicle

If you own an electric or hybrid car, you can use the energy generated by your solar PV panels to charge your vehicle at home.

Solar EV chargers essex

Environmental sustainability

Another reason why homeowners are increasingly turning to solar panels is their environmental benefits. Homeowners can reduce their carbon footprint and contribute to a more sustainable future by generating renewable electricity. Solar panels don’t emit greenhouse gases or other pollutants, unlike traditional fossil fuels used to generate electricity. By using solar panels, homeowners can help mitigate the negative impact of climate change and help the environment by protecting wildlife habitats.

Increased property value

Homebuyers are increasingly interested in sustainability and environmentally-friendly homes, so installing solar panels can make a property more appealing to potential buyers. Properties with solar panels are often seen as more desirable because they offer the potential for reduced energy bills and a reduced carbon footprint. Research has also shown that investing in solar panels can increase the value of a property by as much as 6%

Storing your energy will help save you money

While installing solar PV panels is an excellent step for creating your own renewable energy and helping reduce your energy bills, almost 50% of the electricity they generate can be lost if you don’t use it. Including a solar battery with your solar panel installation will help you to store that energy and help you save money in the long term.

Solar installations are currently 0% VAT rated, which means you can also save 20% VAT on a battery if it is installed at the same time as your solar panels, saving you hundreds of pounds.

solar essex for homes

Quick to install

A standard installation normally take 1 to 2 days, but solar PV panels have to be installed by an MCS accredited installer. You will start saving on your energy bills as soon as they are turned on. However, please note that the direction and the tilt of your roof can impact the amount of energy you can expect to be generated from your solar panels. Simcott Renewables are fully MCS accredited and can help you design and optimise a solar PV system to best match your needs and be as independent from the grid as possible.

In conclusion, solar panels provide numerous benefits for UK homeowners. They can lead to energy bill savings, environmental sustainability and increased property value.

We offer solar panels, battery storage solutions and a combination of both. Whatever your requirements, we’ll have a solution that’s right for your home or business.

If you’re a homeowner based in Essex or South Suffolk, contact our fully-accredited solar experts today to learn how we can help save you money by switching to solar.

Get in touch to receive a design