Is solar panel installation really worth it and how quickly you can recover your investment will be determined by a number of variables. Where you live will affect how much money you can save and how is it worth it. The bill reductions will be roughly 4% higher if you reside further south, like in London, while the savings in Edinburgh will be about 4% lower. 

 The most important factor is daylight, not sunshine hours or temperature. Homes in the north receive a little less, thus location must be taken into account.

It will cost you lesser time to recoup your investment if you spend the entire day at home. If you reside in the middle of the nation, you should be able to recover your installation expenditures in roughly fifteen years. 

 It all boils down to how much electricity you are consuming. The bill reductions will be bigger but you will export less energy if you spend the entire day at home because you use more power while your panels are producing it. On the other hand, a person who simply spends the evenings at home might benefit more from SEG than they would from the reduced electricity costs.

Ways to improve the efficiency of Solar Panels 

It is best to ensure that your home is suitable for your solar panels in order to maximise their output and worth every penny.

• Typically, you require a roof that faces primarily south. Even while it might be less effective and you might not realise the greatest savings if your rooftop faces southwest or west, there will still be some advantages.
• While some early or later shading from neighbouring structures is acceptable, you want the panels devoid of any shade at the peak of daylight. 
• You require a good space. Your roof's size is important because solar panels generally occupy two sq. metres each.
• It is important that your roof should be in decent shape. Make sure you have had your roof inspected to make sure it is not damaged, as this could interfere with the installation process. 
• Before your solar panels are fitted, it could be worthwhile to repair any obsolete tiles.

Find licenced solar panels UK installers and request quotations from Evergreen Power Solar experts if you determine solar panels are the best option for you. When comparing bids, make sure the following items are covered: scaffold, removal of the old roof and other roofing work, internal wiring work, negotiating a connection contract with the energy provider, interconnected power work, and a generation metre. The actual solar panel installation takes a maximum of one or two days.

 Once installed, you must register your panels because you will need an MCS certificate to sign up for smart export guarantee payments with only a certified energy provider.

Why are Solar Panels worth it?

Solar panels are worth installing because you can greatly minimise electricity expenses. We have determined the overall cost of the typical solar panels for the year 2022, added your SEG savings and taken into account the money you will save on power bills from the National Grid.

Install solar panels right away, and you'll typically recoup your investment within ten years approximately. 

Given that we anticipate the price of power to remain high for the next two years, it might take you even less time to achieve.

No matter the size of your home, this rate of return remains constant in percentage terms. 

However, a larger investment will result in greater profits.

A solar array will normally result in a return of £4,600 for a one- or two-bedroom home, £7,600 for a three-bedroom home, and £10,700 for a four-bedroom home.

In every UK region, solar panels are indeed worthwhile.

However, depending on where you live in the UK and how much sun there is, will determine how lucrative your solar panels are.

Therefore, it makes sense that each region's profitability may vary from place to place.

Factors that impact the Break-even point

Solar Battery:

Solar batteries come in handy in this situation because it is more profitable to consume your solar energy than it is to export it for Smart Export Guarantee payments.

A solar panel storage battery can enable you to consume 30% more solar energy.

You will save an additional £226 a year as a result. The average cost of a solar battery is £4,500, which delays the solar array's break-even point by 20 years.

But it also makes you more energy independent and minimizes your emissions of greenhouse gases by 18 tonnes.

You’re Electricity Consumption:

The more power your home requires while the sunlight is there, the more solar energy you will utilise, and the more money you'll conserve by not using the National Grid.

The amount of money you save from your solar panels can be reduced if you don't have a solar battery and only utilize electricity at night.

Smart controls allow you to ensure that solar energy is used exclusively to charge items like your electric vehicle, washing machine, and dishwasher.

Electricity costs:

You will save even more by utilising free solar energy than you might have a few years ago because purchasing power from the National Grid at the present trajectory is highly expensive.

You will save much more money in the future when the price of National Grid electricity rises.

Location:

If you've ever lived in various regions of the UK, you'll be aware that the length of time the sun shines each year changes depending on where you are.

The quantity of power you can produce is directly impacted by this. As per the Met Office, residents in North Scotland get 1,080 hours of sunlight annually, while those in East Anglia are fortunate enough to get 1,570 hours.

That's 45 per cent more sunshine, which naturally translates to 45% more solar energy. And this is a significant difference.

Conclusion

Solar panels are worth every penny because the only thing a solar panel system will do after it is installed is just help you save money. Any type of solar panel can survive for decades, so the probability of getting to replace one is low. In fact, solar panels are now more affordable than ever.  

As a result, there is considerably less requirement for government assistance because the money that is spent is much more simply balanced by the money saved on energy costs.