Did You Know That Solar Costs Have Fallen by 82%?

Solar panel costs have dropped by 82% since 2010, making solar energy more accessible for UK homeowners.

Factors to consider before switching to solar include initial investment, energy savings, and roof suitability.

Government incentives, such as the Smart Export Guarantee (SEG) scheme, can help offset the initial costs.

NxtGen Energy offers expert solar installation services to help homeowners make the switch to solar energy.

Imagine a world where your home is powered by the sun, slashing your energy bills and reducing your carbon footprint. This isn’t a futuristic dream—it’s a reality that’s been steadily growing brighter for UK homeowners. Since 2010, the cost of solar panels has plummeted by an astonishing 82% according to the International Renewable Energy Agency (IRENA), making solar energy more accessible than ever. But what’s behind this dramatic drop in prices, and what should you consider before making the switch to solar?

The Sun Shines on Savings

The International Renewable Energy Agency (IRENA) reports that solar costs have fallen by 82% since 2010. This dramatic decrease is largely due to advancements in solar technology, economies of scale, and increased competition in the supply chain. As a result, the average cost of installing a solar panel system has dropped significantly, making it a viable option for many UK homeowners who could never afford a solar system in 2010.

Technological Advancements Driving Costs Down

Technological innovations in solar panel design and solar panel efficiency have played a significant role in reducing the costs of solar energy. Great improvements in solar panel efficiency mean that fewer solar panels are needed to generate the same amount of electricity. Also, innovations in manufacturing processes have led to lower production costs. These advancements have not only made solar power more affordable but also more efficient and reliable.

5 Things to Consider Before Switching to Solar

1. Initial Investment

While the cost of solar panels has decreased, the initial investment can still be substantial. On average, a 4kWp system costs between £5,000 and £7,000, including installation. However, this cost can be offset by grants and incentives available to UK homeowners.

2. Energy Saving

Solar panels can significantly reduce your electricity bills. The Energy Saving Trust estimates that a typical UK 3-bedroom house can save around £16,750 on their electricity bill over 25 years. Additionally, you can sell your excess electricity back to the National Grid through the Smart Export Guarantee (SEG) Scheme, further increasing your savings.

3. Maintenance

Solar panels require minimal maintenance as there are no moving parts. They are also designed to withstand harsh weather conditions and can last for 25 to 30 years in the UK climate. Regular surface cleaning to remove dust, debris & bird droppings, and then occasional checks by a MCS Certified Installer are usually all that’s needed to keep the panels operating at peak efficiency.

4. Roof Suitability

Not all roofs are suitable for solar panels. South-facing roofs are ideal, but east or west-facing roofs can also work. Just remember that it’s important to ensure your roof is as unshaded as possible and is structurally sound, as solar panels are heavy, which your installer should check.

5. Environmental Impact

Switching to solar energy can significantly reduce your carbon footprint. Solar panels produce clean, renewable energy, helping to combat climate change as the UK heads towards Net Zero in 2050.

Government Incentives and Financial Support

The UK government offers several incentives to encourage UK homeowners to switch to solar energy. The Smart Export Guarantee (SEG) scheme allows homeowners with export meters to earn money by selling excess electricity back to the National Grid. Additionally, there are various grants and loans available to help cover the initial costs of installation. These incentives can make solar energy an even more attractive investment.

How NxtGen Energy Can Help

If you’re considering making the switch to solar, NxtGen Energy is here to help. Based in Essex, NxtGen Energy specializes in renewable energy solutions for homeowners and businesses in Essex, Kent, London and the surrounding areas. Their team of MCS Certified installers can guide you through the process, ensuring you get the best solar system for your home or business. With their expertise, you can rest assured that your solar panel system will be installed efficiently and effectively.

Real-Life Success Stories

Hearing about other homeowners’ experiences can be incredibly motivating. For instance, John Russell, a NxtGen Energy Customer in Essex had this to say in October 2024, “Mine [solar panel system] has been in since the 20th March 2024,.Savings to date £1,624.”. His story is just one example of how solar energy can make a real difference in people’s lives.

Conclusion

The solar revolution is well underway, and the benefits for UK homeowners are clear: lower energy bills, reduced carbon emissions, and a more sustainable future. With the cost of solar panels continuing to fall, now might be the perfect time to consider making the switch. Are you ready to harness the power of the sun?

Are you ready to invest in Solar Panels & convert to renewable energy?

If you are a UK homeowner and interested in getting a solar panel system installed, contact our expert solar energy team today. By filling out our contact form, our solar energy team will provide you with a free no-obligation quote to install a bespoke solar PV system, catered to your energy needs. Call us on 01268 928 690 or click the button below to claim your free no-obligation quote and solar panel system design.