The benefits of having solar panels installed on your home

Installing solar panels on your residence offers numerous advantages, from financial savings to environmental benefits. Here are the key benefits and the available grants to assist homeowners in making the transition to solar energy.

1. Reduced Electricity Bills: By generating your own electricity, you can significantly decrease your reliance on the grid, leading to substantial savings. The Energy Saving Trust notes that once the initial installation is paid for, your electricity costs will be reduced.

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2. Income Through the Smart Export Guarantee (SEG): The SEG allows homeowners to sell excess electricity back to the grid, providing an additional income stream. Rates vary by supplier, but this can further offset installation costs.

   energysavingtrust.org.uk

   
   

3. Environmental Impact: Solar energy is a clean, renewable source that reduces carbon dioxide emissions. A typical home solar panel system could save around one tonne of carbon per year, depending on where you live in the UK.

   energysavingtrust.org.uk

   
   

4. Increased Property Value: Homes equipped with solar panels often see an increase in property value, as the prospect of reduced energy bills is an attractive feature for potential buyers.
   

Available Grants and Financial Incentives

To encourage the adoption of solar energy, the UK government offers several grants and incentives:

1. Zero VAT on Solar Panels and Batteries: From April 1, 2022, to March 31, 2027, the government has implemented a 0% VAT rate on the installation of solar panels and associated battery storage systems, making the initial investment more affordable.

   greenmatch.co.uk

   
   

2. Smart Export Guarantee (SEG): The SEG allows homeowners to sell surplus electricity back to the grid, providing an ongoing financial benefit. It's advisable to compare rates offered by different energy suppliers to maximise returns.

   energysavingtrust.org.uk

   
   

Investing in solar panels not only offers substantial financial benefits through reduced energy bills and potential income but also contributes positively to the environment by decreasing carbon emissions. With various government grants and incentives available, transitioning to solar energy has become more accessible for UK homeowners. Get in touch with us to determine the best approach for your specific circumstances.