Solar Panels Installation Will I lose Money?
Most major home improvements add value to your home. Read on and see how a solar panels installation will impact on your home and your energy costs.
Don't Move Extend & Carry Out Home Improvements
That's seem to be the current theme as there has been a huge increase in the number of planning applications for major home improvements including solar panels installation within the past year.
Now that house prices have stabilized we can start looking at our property as a home again rather than an investment to be discarded when the price is right.
Solar Panels Installations Are They Worth It?
It all about timing, had you asked this question a few years ago the answer would have been a resounding Yes as you would defiantly be losing a bit of money but times have changed and now the shoe appears to be on the other foot.
For starters let's take a quick look at energy prices to see which direction they have gone in the past ten years. This is a pretty easy task as anyone with half a brain can see that energy prices have risen dramatically every year and it is now costing an arm and a leg to make the quarterly energy payments.
Now let's look at another important factor which of course is the price of solar panels. How do you think they compare with 10 years ago? Again, a pretty easy question as a solar panel installation 10 years ago would have set you back 30,000 or so whilst the average cost of a Solar Panel Installation today comes in around 12,000.
Pay Pack Period For Solar Panel Installations
So much as been written about the payback period on solar panels installation and almost all of it points to a loss of money for the property owner as it used to take so long to get your money back through the energy savings.
However times really have changed and given that energy costs have gone up substantially you are now saving far more than a few years ago. To make it even better solar panels have fallen in to the mass production market and their cost have fallen dramatically allowing us to have a far cheaper solar panels installation and to save a much higher amount each year.
Work it Out For Yourself
Okay, so let's keep it simple here. If the average cost of installation is 12,000 and the average yearly energy cost for electricity and gas for a 3 bed house is in the region of 2,500 you can see that the payback period is currently about 5 years.
Given that the lifespan of a solar panels installation is a minimum of 20 years and can go as far as 40 years you could take an average installation period of 30 years to base your calculations.
When you look at energy prices for the future you can also see that they are only going in one direction which of course is skywards so the savings are actually going to be far more substantial as the years go by.
Based on a an average solar panels installation to a three bed house at 12,000, an average fuel cost of 2,500 per year and a life span of 30 years for the solar panels installation we work it out at a minimum saving of 60,000 plus.
Solar Panels Installation Survey
So the message is clear, book a solar survey and find out if your house is suitable for a solar panels installation and find out the costs involved. You can book a survey and find the best solar panels prices from the top UK Solar Panels installers at Solar Panels Supermarket.
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