There's no denying that embracing renewable energy sources like solar power offers a fantastic win-win situation—helping the planet while also cutting down on your energy expenses. It’s no surprise then that more and more households across the UK have embraced solar energy, making it the nation's preferred choice alongside wind and biomass. These clean energy sources now account for between 40 and 50 percent of the UK's total energy supply, with solar power playing a significant role in this shift. Homeowners who've invested in solar systems have not only helped reduce carbon footprints but have also seen a noticeable drop in their utility bills.

Now, let’s talk about how much money solar panels can actually save you. While the straightforward answer is yes—they do save you money—the exact amount depends on several variables. Here are the key factors to consider:

• Your energy provider plays a crucial role. Rates vary significantly among suppliers, and opting for a green energy provider can be a smart move. Some suppliers, like Octopus Energy, have made headlines for offering negative energy prices, meaning users were essentially paid to consume electricity during certain periods. Choosing a supplier focused on renewables will likely result in greater long-term savings for you.
• Your daily energy consumption patterns matter too. If you're home during the day and using electricity then, your solar panels can directly offset these costs. However, if you’re out most of the day and rely on grid power in the evenings, your savings might be limited. With more people working from home, daytime energy usage has increased, making solar panels a practical solution to cover 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, even after sunset. By relying less on the grid, you'll see a significant reduction in your monthly bills. Pairing solar panels with a storage battery can dramatically increase your savings.
• The location of your home also influences savings. A south-facing roof is ideal for maximizing solar panel efficiency and achieving higher savings. Regions with longer daylight hours and stronger sunlight, such as the South East, may yield slightly better results than areas like Scotland. According to the Energy Savings Trust, homes in sunnier parts of the country can enjoy marginally higher annual savings.

Can I Earn Money from My Solar Panels?

Another exciting aspect to consider is the possibility of earning money from your solar panels. This is a critical component in recouping the initial installation costs. Since last year, energy providers have been legally obligated to compensate you for any unused solar-generated electricity. This is excellent news for consumers as it helps recoup the investment and minimizes energy wastage. Known as the Smart Export Guarantee (SEG), joining this program is easy—just sign up with a participating supplier. Keep in mind that payment amounts can vary between providers, so it’s worth comparing options to find the best deal. For more details, check with the Solar Trade Association.

If you installed solar panels prior to last year and were part of the Feed-In Tariff scheme, rest assured—you’ll continue receiving payments until your contract ends. Afterward, you can transition to the SEG to keep the savings coming!

Will I Still Receive Energy Bills?

Even with solar panels, it’s unlikely you’ll completely eliminate your energy bill. However, various factors can help reduce its size, such as switching to a green energy provider and adjusting your energy consumption habits. How much you save depends on your unique circumstances, but going solar is undoubtedly a win-win for both your wallet and the environment. Our knowledgeable team is here to guide you through the potential savings and answer any questions you may have about solar power. Don’t leave it to chance—get personalized advice by reaching out to us today.