Solar: Ultimate Money Guide
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Get Free QuotesWhat is the complete solar financial picture?
The complete solar money picture: INVEST: £5,500-£8,000 (4kW at 0% VAT). ANNUAL RETURN: £580-£1,100/yr. PAYBACK: 8-12 years. 25yr TOTAL RETURN: £14,500-£27,000. NET PROFIT: £6,000-£19,000. ROI: 100-400%. TAX STATUS: all returns tax-free. INFLATION PROTECTION: yes (savings rise with electricity prices). PROPERTY VALUE: +£1,800-£4,000. MAINTENANCE: £1,440-£3,900 over 25yr. FINANCE: 0% from some installers, 3-5% bank loans. GRANTS: 0% VAT + SEG + ECO4 (low-income). BOTTOM LINE: one of the best financial decisions available to UK homeowners.
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Related: Home Heating Systems
Solar panels are most powerful when combined with an efficient heating system. Heat pumps use solar-generated electricity to heat your home at 300-400% efficiency — making them the ideal partner for solar.
Heat pumps use electricity at 300-400% efficiency, making them ideal partners for solar.
From our sister site Home Heat Pump Guide
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