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 £10,000 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.
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.