Solar Panels - Are They Worth It Now?

During the past couple of years the energy crisis has dominated headlines and despite the recent news that prices are decreasing, the longterm outlook suggests otherwise. With that in mind many have decided to harness the power of the sun in the form of solar panels in the hope save money and help protect the planet but are they worth it and how do you choose the right company?

Firstly, demand for solar is the highest it’s ever been with over 1.5 million UK households now having solar systems and it shows no sign of slowing down. In the first quarter alone of 2023 over 50,000 systems were installed according to the Guardian, the highest number seen since late 2015! More good news is that solar is at its most affordable price ever thanks to a healthy combination of demand and technological advancements. So it seems to stack up, but what else should you consider?

Here’s some of the most commonly asked questions when it comes to solar…

Will it increase the value of my house?

Overall the answer is yes. Having renewable technology on your property undoubtable attracts more buyers and a recent study by BetterHomes found solar panels can increase the price of an average home by up to £32,000 and with the average solar and battery storage system being £13,000 it more than pays for itself straight away.

Can I earn money from my solar panels?

Smart Export Guarantee (SEG) payments allow you to get paid for every unit you sell back to the grid and often come in the form of credits from your next bill, however over the years this rate has significantly decreased, the average SEG payment is £159 per year.

The good news is that there’s a new way to earn actual cash with your solar panels…

One of the UK’s leading solar companies have recently launched a groundbreaking device that generates customers upto £100 per month by guaranteeing customers 10p per kWh for everything they generate.

The company behind this is ESE Solar who have successfully trading for over 8 years, have over 4,000 reviews on Trustpilot and they are currently giving the device (worth £2,000) for FREE with new solar systems, which also come with 15 year maintenance package as part of the package worth £3,750.

How do you choose the right company?

Like with every purchase, it’s worth doing your homework, the cheapest won’t always be the best so here’s some things to look out for…

⭐️Reviews: Trustpilot is the main platform reputable companies use, look at how many vs the score.

📈Trading history: How long has the company been in the industry? Search the register on companies house, if they’ve been incorporated less than 2 years ago, the risk of them going bust is x6 higher.

💡Unique selling points: What does this company offer that others don’t? Choose the best overall proposition.

Is it a good investment overall?

If you look at solar panels against other financial investments they make a lot of sense. Firstly it’s ‘sustainable investing’ meaning it benefits the environment on contrast with gold mining for example. Secondly, the initial investment pays for itself when factoring in the increase it brings to the property value. Thirdly, with the right strategy in place the investment can both decrease energy bills and produce an income. All of the above factors therefore making solar (when carefully considered) a good investment.