How much do solar panels cost?

In East Anglia, the average cost for a domestic solar panel installation is currently £8,418. (Source: MCS)

However, this average does not paint the true picture of solar panel costs in 2024.

Below are the real-world costs for the various packages we install:

Can I get solar panels for free?

There are currently very few Government grants available for homeowners in the UK.

You may have seen some companies advertising “free solar panels”. However, these adverts often refer to the ECO4 scheme, which supports low-income households who are unable to upgrade their heating systems.

This scheme is offered directly by energy suppliers, and you must be in receipt of certain benefits to qualify:

The good news is the Government have scrapped VAT on the installation of solar panels and batteries. What’s more, any earnings you receive from exporting energy back to the grid are 100% tax free, helping you recoup the cost of your installation far quicker than other investments.

Are solar panels still a good investment?

As the number of solar panel and battery installations continues to grow, many homeowners are now considering a system of their own. But are solar panels still worth the investment?

The answer depends on various factors, including financial considerations, personal circumstances, and lifestyle preferences. Below is a detailed look into the pros and cons for homeowners in East Anglia.

If you would like a quote for your own system, alongside a breakdown of costs and returns (using MCS-accredited software), just click the button below and we will arrange this completely free of charge. As the top-rated installer in East Anglia, you’re in safe hands!

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Protection Against Future Price Rises

Energy prices are notoriously volatile and have risen 67% since 2020!. Many homeowners now worry about future increases in their electricity bills. By investing in solar panels, you can shield yourself from these potential price hikes. Imagine seeing the headlines “energy costs set to rise” and knowing it doesn’t affect you!

With energy prices predicted to rise in the winter 2024/25 (Source: EDF), there has never been a better time to invest in solar and battery storage.

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Payback Period

One of the most compelling reasons to invest in solar panels is the attractive payback period. Typically, it takes between 4-6 years for the savings on electricity bills to equal the cost of the solar panel system. However, by choosing the right tariffs and doing some simple energy management, some homeowners easily achieve a payback figure of between 2-3 years. After this, any savings are 100% profit.
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0% VAT and Tax-Free Earnings

Homeowners pay 0% VAT on solar panel and battery storage installations, making the initial investment more affordable. Additionally, any earnings from selling excess energy back to the grid are tax-free. This financial incentive further enhances the return on investment, making solar panels an even more attractive option.
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Adding Value to Your Home

Solar panels are a valuable asset that can significantly increase the resale value of your home. Homes equipped with solar panels are attractive to buyers who are looking to save on energy costs and reduce their environmental impact. Studies have shown that properties with solar energy systems sell faster and at a premium compared to those without. This added value can make your home more competitive in the real estate market, ensuring a quicker sale at a higher price.

Which solar panel companies can I trust?

Choosing a company to install your solar panels is typically a once-in-a-lifetime decision, so it’s important to get it right! With many new companies emerging, selecting an established firm with a proven track record of quality is crucial. Here are some key factors to consider:
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How Long Have They Been Trading?

The biggest piece of advice we can give anyone looking for solar is to check the longevity of the company. More and more companies are popping up with little-to-no experience in solar installations, hoping to make quick cash.

Look out for: Companies with less than one year of trading. You can use the Companies House website to check the trading history of a company. An established company with several years in the industry is more likely to have the expertise and stability needed for a successful installation.
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What Reviews and Customer Testimonials Do They Have?

Customer testimonials and reviews provide a good indication of the number of installations a company has completed and how well they serve their customers. A company with numerous positive reviews is generally a safer bet.

Look out for: Companies with fewer than five reviews on Google or Trustpilot. Use Google Maps to search for the company name and see their reviews. A high rating with detailed customer feedback can give you confidence in their service quality and reliability.
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What Warranties and Guarantees Do They Offer?

Warranties and guarantees ensure that your system will perform as promised and that the work carried out on your property is protected. A robust warranty can save you from future headaches and expenses.

Look out for: Companies that limit the coverage duration and have restrictive conditions in their guarantees. Ensure that guarantees are insured in case the installer ceases trading before the end of the guarantee period. Comprehensive, long-term warranties are a sign of a company’s confidence in their products and services.
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By taking these steps, you can ensure that you choose a reputable, reliable solar panel company that will provide high-quality installation and ongoing support, maximising the benefits of your investment in solar energy.

If you’re searching for a trusted installer in East Anglia, I invite you to look no further than Impact Services. As a local family business, we are the number one choice for homeowners looking for quality workmanship for a fair price.

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