Investing in solar panels and batteries is becoming an increasingly popular choice among UK homeowners looking to reduce their energy bills and carbon footprint. At Solar Edge Solutions, we understand that the decision to install solar energy systems is significant, and the costs can vary depending on several factors. In this blog, we’ll delve into the typical costs involved in installing solar panels with storage systems, and discuss how these costs can vary based on your specific needs.
Understanding the Costs of Solar Panel Systems with Storage
Solar Panel Installation Costs
The cost of solar panel installations in the UK largely depends on the size of the system you choose, which is usually dictated by the energy requirements of your home and the available roof space. For instance, a standard 4kW solar panel system, which is sufficient for a 2-3 bedroom home, typically costs between £5,000 and £6,000. This setup is ideal for meeting the daily energy demands of an average-sized family.
Cost of Solar Batteries
Adding a battery storage system to your solar installation allows you to store excess energy generated during the day, which can then be used during the night or on cloudy days, enhancing your energy independence. A medium-capacity 5kWh battery, suitable for a three-bedroom house, can cost around £5,000. The cost per kWh of storage capacity generally ranges from £900 to £1,000, reflecting the advanced technology and the long-term value these systems provide.
Total Installation Costs
Combining a 4kW solar panel system with a 5kWh battery storage system could result in a total cost ranging from £9,000 to £11,000. It’s important to note that additional components such as inverters and other necessary equipment might increase these costs.
For larger homes requiring more energy, a 6kW solar panel system paired with a 10kWh battery storage could cost between £18,500 and £19,500, catering to more substantial energy needs.
Labour and Additional Costs
The installation labour costs are usually included in the overall quote, but they can vary significantly depending on the complexity of the installation and the specific location. Labour costs can range from £300 to £1,000 per day.
At Solar Edge Solutions, we provide a detailed solar panel installation cost calculator to help you estimate the total costs based on your specific requirements and preferences. This tool considers various factors, including system size, roof type, and additional enhancements like battery storage.
Savings and Economic Viability
The financial benefits of installing solar panels and batteries are clear, with annual savings on electricity bills ranging from £660 to £1,005 for a 4kW system. The typical break-even point for such an investment is around 8 years, after which you can enjoy essentially free electricity for the lifespan of the system, which can exceed 25 years.
Factors Influencing Cost
Several factors can influence the cost of installing solar panels and batteries in the UK:
- System Size and Capacity: Larger systems with higher capacity cost more but provide greater savings in the long run.
- Quality of Components: Higher-quality panels and batteries might cost more upfront but tend to offer better efficiency and longer lifespans.
- Home Configuration: The layout of your home and the complexity of installing solar panels can affect installation costs.
- Regional Variations: Costs can vary depending on where you live in the UK, influenced by local labour rates and competition among suppliers.
Conclusion
Investing in a solar panel with storage is a cost-effective way to reduce your energy bills and increase your home’s energy independence. While the initial investment may seem significant, the long-term savings and environmental benefits make solar systems a wise choice for many homeowners.
At Solar Edge Solutions, we tailor our solar solutions to meet your specific needs, ensuring that you receive a system that maximises efficiency and cost-effectiveness. We invite you to contact us to discuss your solar energy requirements, and to use our solar panel installation cost calculator to get a detailed estimate based on your personal or household energy needs. Take the first step towards a greener, more sustainable home today! Contact us now to learn more about our solar energy solutions.