With energy prices rocketing again, now may be a good time to consider investing in solar panels to generate your own electricity.
The energy price cap rose by 6.4 per cent in April, taking the average household bill to £1,849 per year for a typical home using electricity and natural gas.
The average cost of an eight-panel array in the UK is £4,990, or £6,740 if you a 5kWh battery.
With this setup and today’s energy prices, it will take about 11 years to get your money back, although there are many factors which can lengthen or shorten this timeline, sometimes considerably.
With energy prices rocketing againk the answer to the question of ‘Are solar panels are worth it?’, requires further examination. When energy costs are higher, every kilowatt generated creates more savings and quickens the return on your investment. So now may indeed be a good time to consider investing in the best solar panels for your property to help generate your own electricity.
In April, the energy price cap rose by 6.4 per cent, taking the average household bill to £1,849 per year for a typical home using electricity and natural gas.
The process is a simple one: hire a company to pop some solar panels on your roof, as well as some other gadgetry, and you can start using the electricity in your home from your own plug points, slashing your electricity bills.
Read more: Independent