There's no denying it: embracing solar energy is truly a win-win scenario. Not only are you contributing to a healthier planet by reducing your carbon footprint, but you're also cutting down on your energy expenses. It's no surprise then that more and more households in the UK are switching to solar power. Renewable energy sources like wind, solar, and biomass have surpassed traditional fossil fuels, providing up to half of the nation's energy needs. Homeowners across the UK have played a crucial role in this shift by installing solar panels, which help reduce both their utility bills and environmental impact.

But just how much can you save with solar panels? While it's safe to say they'll save you money, the exact amount depends on several factors. Let's break them down:

• Your energy provider matters significantly. Rates vary between suppliers, so opting for a green energy provider can yield greater savings. Companies like Octopus Energy have made headlines recently for offering negative energy prices—yes, there are times when you get paid to consume renewable energy! Choosing a supplier that prioritizes solar and other renewables ensures long-term financial benefits.
• Your daily energy usage patterns also play a role. If you're home during the day and use most of your electricity then, your solar system will cover much of your consumption, leading to faster savings. On the other hand, if you're out most of the time and rely on grid power in the evenings, your savings might be less pronounced. With more people working from home, daytime energy use has increased, making solar panels an excellent way to offset these costs.
• Adding a solar battery to your setup can supercharge your savings. These batteries store excess energy generated during the day, allowing you to use it later when the sun isn't shining. By relying less on the grid, you'll see even bigger reductions in your energy bills. Combining solar panels with a storage battery is a smart move for maximizing your savings.
• The location of your home also impacts savings. A south-facing roof provides optimal conditions for solar panels, maximizing energy output and increasing your potential savings. Regional differences exist too; homes in the South East typically benefit slightly more than those in Scotland, thanks to longer daylight hours and stronger UV exposure.

Can I earn money from my solar panels?

Another important factor to consider is the possibility of earning money from your solar panels. The Smart Export Guarantee (SEG) allows you to receive payments for any surplus energy you generate but don't use. This is fantastic for recouping the initial investment in your solar system and helps minimize energy waste. All you need to do is sign up with a participating supplier. Keep in mind that payment amounts vary between providers, so it pays to compare options. For more details, check out the Solar Trade Association.

If you already installed solar panels before the SEG came into effect and were part of the Feed-In Tariff scheme, you'll continue receiving payments until your contract ends. After that, you can transition to the SEG to keep enjoying savings.

Will I still receive energy bills?

Even with solar panels, you'll likely still receive an electricity bill at the end of the month. However, various factors, such as choosing a green energy provider and adjusting your usage patterns, can significantly lower the amount. How much you save depends on your specific situation, but going solar definitely helps both your wallet and the planet. Our knowledgeable team is here to guide you through the potential savings and answer any questions you have about solar power. Get personalized advice by reaching out to us today!