Solar panels could help UK households save up to £500 a year on energy bills, but it’s important to understand the costs and benefits of solar panel installation before making any decisions

With escalating oil prices meaning numerous UK households could encounter steeper bills, it’s no wonder that Britons are searching for methods to cut costs.

Regarding power generation, solar panels can frequently prove an appealing option; findings from the Energy Saving Trust have revealed that in certain cities including London and Manchester, Brits might save over £500 annually by incorporating the systems into their properties. Having these fitted is simpler than ever as well, with companies providing rapid quotes and overseeing the installation, alongside warranties extending to 25+ years.

Fox ESS Eco-system (Image: Fox-ESS.com)

Solar and Battery Eco-system (Image: Fox-ESS.com)

Meanwhile, the UK government has unveiled proposals to introduce ‘plug-in’ solar panels for balconies and outdoor areas, with Lidl and Iceland anticipated to be among the retailers to stock them on their shelves.

Having a solar panel system fitted at your property could prove instrumental in helping reduce your bills. We examine three essential things you should understand about solar panels…

1. Initial installation costs

It’s important to recognise that installations do involve a wallet-bruising initial expense; according to the Energy Saving Trust, the typical domestic solar panel system costs roughly £6,100 to install. The overall expense, however, is entirely dependent on several factors, including the size of the system, whether it’s being incorporated into your property, and even how accessible your roof is.

Read more: Daily Record