Martin Lewis’ MSE says solar panels can pay themselves back in just a few years.
Money expert Martin Lewis’ MSE team says households can get paid up to £740 a year if they install solar panels on their roof.
With energy prices rocketing over the past few years, and many drivers turning to electric vehicles on their driveways, more and more households are looking into installing solar panels to see if they can save money.
With the average cost of solar panel installation now totalling £7,000, a lot of people will be working out back-of-the-envelope maths to see if putting them on their roof makes financial sense.
Martin Lewis’ MSE says there are several ways you can get paid with solar panels which will help make that investment back over time and in theory start to repay your outlay.
They said: “Solar panels could help you save £100s a year on your electricity bills. Using the energy you generate can mean big savings for some households.
“The biggest gain comes from using what you generate – you could save up to £340 a year on your bills.
“You could get paid up to £400 a year for any excess energy you generate, but SEG tariffs differ widely (though you’re free to switch between ’em).
Read more: Express
