Solar Panel Payback Time Uk

Assuming seg export payments average 1p kwh.

Solar panel payback time uk.

Most solar panel installations should last between 20 and 25 years and over with the right maintenance and the initial cost can normally be off set within the first 12 18 years. If you already received feed in tariff payments they are guaranteed for between 20 and 25 years depending on when you had the panels installed. Potential solar payback time in glasgow 3kw system solar panel investment. Comparing quotes from multiple solar installers can actually help you go solar with a shorter payback period than the national average.

Cities in the south come out with the lowest payback years. Solar panel payback time in the north of the uk. The price per kilowatt hour kwh of energy is index linked meaning that it will rise annually with the retail prices index rpi measure of inflation. Checking some numbers we get to the expected results.

Using the same set of criteria as above but with a south facing roof in glasgow a profit from solar panels can also be made over the course of 20 years in scotland too. Typical returns for a well sited 4kw solar panel installation in january 2019 came in at a surprising 6 50. With solar panels guaranteed for 20 25 years and better quality solar power inverters guaranteed for 10 15 years this is not an attractive investment. There are many factors to conisder when looking at the payback period for solar panels.

It is assumed that the cost of electricity will go up which will also decrease the payback period and increase the amount of profit that you make. Until now that is. Your solar payback period is the time it takes to make back your initial investment in solar. How comparison shopping can improve your solar panel payback period.

For most solar shoppers you ll break even in about 8 5 years. The years to payback isn t fixed. Domestic solar panel returns up to 6 50 as electricity prices rise despite a reduction in tariff rates from 41 4 p kwh in 2010 to 3 79 p kwh in january 2019 rising electricity prices are driving solar pv returns up over the last 2 years. Here s the bad news.

This tricky question of how long it takes for solar panels to pay off has kept homeowners up at night ever since solar panels met roofs. Typical payback period for solar the typical payback period for solar is about 10 years 11 for some systems. While the national average is 9 5 years it takes only 8 4 years in plymouth exeter and truro the top three for a domestic solar panel installation to pay for itself. Start comparing solar quotes on the energysage marketplace for maximum savings.

Assuming minimal seg export payments payback is over 25 years see table 2 below.