For many households, the biggest motivation for installing solar panels is the promise of lower energy bills. But how much can you actually save? If you're considering solar and wondering whether it’s worth the investment, we’ve crunched the numbers to help you make an informed decision.

What’s the Upfront Cost of Solar Panels?

Let’s start with the basics. A typical 5kW solar panel and battery system in the UK costs around £7,500 upfront. That might sound like a hefty price tag, but it’s important to view it as a long-term investment. One that can pay for itself in as little as seven years! With a system of that size, you could benefit from annual savings of £1,000 or more. 

Solar Is More Accessible Than Ever

Thanks to the growing popularity of solar panels in the UK, they're becoming more affordable and accessible. Financing options are expanding, and new purchasing models are emerging. From solar subscriptions to exclusive offers - like Loop’s 2-for-1 solar panel offer with Utilita Home - there are now more ways to get solar without the large upfront cost.

With energy prices remaining unpredictable and solar technology already well-established, waiting to install solar panels could mean missing out on years of savings. The sooner you make the switch, the sooner you start benefiting, and those savings add up year after year.

How to Maximise Your Solar Savings

If you want to get the most from your panels, timing and usage are key. You'll want to use more of your electricity during the day when your panels are generating the most power - think running the washing machine, dishwasher, or charging your EV around midday.

Buy if your lifestyle doesn't accommodate this, that's where a home battery can come in. Store the solar energy you generate in the day for use at other times, like in the evening.

It’s not essential, but it’s a great option for those aiming for greater energy independence or even a zero-energy-bill lifestyle. Then, by using a Home Energy Management System, like Loop Optimise, you can maximise your earnings from your solar panels and home battery by buying energy when costs are low and selling when they're high.

Want to Know What Solar Could Save You?

If you're still unsure if solar is right for your home, calculate how it could work for you with Loop’s free in-app Solar Simulator. At the click of a button, you can see in detail the impact solar panels would have on your electricity consumption over days, weeks and months. It’s a quick and easy way to get a clear picture of your potential savings.

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