There’s no question that solar power is soaring in popularity, with a recent study of government data showing a 15% increase in the installation of solar panels in UK properties over the 12 months and a 40% increase over the past five years.
Solar panels are now the UK’s second largest generator of renewable electricity, and account for 4.1% of the total electricity generated.
With installations on the up as well as Google search traffic for solar energy rising 22% year on year, you might be wondering why so many households are making the investment in solar?
Solar panel, battery and EV charging installation specialist egg have been providing domestic and business solar solutions for over 10 years and can help you find the design the best setup for your home with their free and instant quote service.
Why solar should be your next investment
Undoubtedly, the number one benefit of installing solar panels are the potential cost savings, by generating and storing green energy and hence reducing your reliance on traditional energy providers.
We’ve seen the cost of energy rise sharply over the past couple of years, no doubt pushing more people towards domestic solar power setups in order to help negate this increasing cost of living.
Not only can solar power help to reduce your energy bills, but it can also help to make your outgoings more predictable, helping you budget for the day to day more effectively.
Besides the very immediate payback on the cost of a solar panel setup in energy savings, which the egg can help you estimate for your property, there’s also evidence that the investment also pays back in the longer term. Santander UK’s 2022 report revealed that home buyers paid, on average, 15.5% more for homes that met high energy efficiency standards, with some regions reporting a premium of over 20%.
Not looking to move? You may be among the 32% of UK homeowners who have decided to improve their current home rather than move, according to data from Confused.com, with modernisation, addressing maintenance issues and increasing resale value listed as the three major motivators.
Besides the monetary benefits of switching to solar power, there’s also the reduction in reliance on carbon-emitting fossil fuels. According to The Energy Saving Trust, a typical solar panel setup in the UK can save you between 1.3 and 1.6 tonnes of carbon emissions every year.
- Want to find out more? Click here to get a free instant quote.
Get ready to go green
You no longer have to wait until you’ve diligently saved up for your own solar PV setup, thanks to egg’s finance solutions for solar panels and storage batteries. With manageable monthly payments split over 5, 10 or 15 years at 10.9% APR, you can get going with generating your own clean energy much sooner than you might have thought.
For example, with a £4,500 solar solution the repayments can start at just £51 per month, which means that you have the opportunity to start making savings on your energy costs right from the very start of your renewables journey.
Installing solar panels and battery systems doesn’t have to be a longer term goal, though your bank balance (and house value) will thank you for it!
Check out egg’s free instant quote service today to build your own solar package for your property.