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Last updated: 19 July 2019

Solar Panels: Are They Worth It?

Solar Is Becoming a Popular Choice for Domestic Power

Solar Panel House medium picture

We are becoming more and more environmentally friendly and that includes rethinking the way we heat and power our homes. Solar panels are now a popular green energy choice, due to the money saving opportunities and the huge potential they hold for the future.

Save Money on Electricity Bills

The most attractive benefit of solar energy is the possibility of saving on utility bills. The so-called “Smart Export Guarantee" enables you to receive monetary payments when your surplus energy is exported back to the national grid.

In fact, beyond the initial installation and solar panel cost, solar energy is free. This means that your solar panels will eventually pay for themselves and you can typically start earning from solar panels 10-15 years after initial installation. Solar energy is additionally a silent and non-polluting energy source, which can help reduce your household's carbon footprint. They require little maintenance and have a long lifespan.

Solar energy technology is constantly being developed, which means the sky’s the limit for future advancements. Researchers expect initial installation costs related to solar panels to become much cheaper in the future. Solar powered homes can also potentially become completely self-sufficient at some point in the future.

Downsides

There are actually very few disadvantages of solar energy, which is one of the main reasons why this green energy source has become so popular. However, the biggest downside of solar power is that it doesn’t work at night, which means that you often also need to use another energy source.

Although there is potential for solar energy everywhere, there are some parts of the UK, which are better suited to solar panels. For example, a solar powered house in Cornwall is more lucrative than a solar powered house in the Scottish Highlands, due to the amount of sunlight and daylight received.

Another hindrance to solar energy becoming widespread is the initial installation and purchasing costs. Although UK government and electricity supplier schemes can help you save and earn back money from your solar panels there is still a large initial investment amount to consider, usually between £7,000 and £10,000, dependent on roof space and panel size.

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