The cost of installing solar panels varies depending on:
- where in the UK you live
- the installer you choose
- the panels you want
A typical solar system can cost around £7,000 to install.
However, after the initial installation you can expect your solar system to last for 25 years. In this time, it’s unlikely your system would need much maintenance.
Usually, the manufacturer’s warranty will cover any faults with your solar panels. But always check this is in place before going ahead with your installation.
Solar panel systems typically generate direct current (DC) electricity. The electricity used for household appliances is alternating current (AC), so an inverter is installed along with the system to convert DC electricity to AC. The inverter in your solar system will likely need to be replaced after around 10 or 12 years. You can expect to pay around £800 to replace your inverter, depending on the size and manufacturer of your system.
To get an idea of how much a solar panel system could cost – and how much you could save by installing one – visit our solar panel calculator.
Smart Export Guarantee
During the times when your solar panels generate more electricity than you can use, you can sell your surplus back to the grid through the Smart Export Guarantee (SEG).* This will help you reduce your energy bills further and speed up the payback time for your installation costs.
Neal McCay installed solar panels on his home and began to see financial savings, saying:
“My earnings from generation are now around £1,800 per annum tax free and I also benefit from free electricity during the day. So, my electricity bills are now only a small fraction of the above earnings.”
The amount of money you’ll save on your energy bills, and how quickly you can expect to earn back the cost of installing solar panels depends on:
- the direction of your roof
- where you live
- how much time you typically spend at home during the day
To find out how much money you could typically save from installing a solar system at home, read our in-depth guide to solar panels.
*SEG is only available in England, Scotland and Wales. If you live in Northern Ireland, it’s worth exploring what export tariffs energy suppliers offer.