A solar PV system may cost you around £5,800; it is the starting price that doesn’t include the battery storage. You can earn nearly £6,900 from the Government’s feed-in tariff and can reduce up to 50% of your energy bills by installing a solar PV system.
If you have 3 or more members in your house, it will take nearly 3kW to 4kW solar panels to get enough electricity to cover the household usages. Don’t be stressed about the cost of solar panels, here is an estimate. 3kW to 4kW panels may cost within the range of £5,000 and £8,000 and you will need to 28 square meters of roof space to get the panels installed. But in the case of a smaller family comprising of 1 to 2 members, 1kW to 2kW solar panels are good to generate enough electricity. Installation charge for 1kW to 2kW solar panels can be up to £1,500.
With the increased numbers of solar panel installation, the more electricity you can get from your solar PV system, at the same time the cost will also increase. However, the larger the solar panel you get installed, the more you increase the chance to earn more from the Feed-in Tariff. Besides you can save a considerable amount on the energy bills. So, larger solar panel systems equip you to earn better ROI in the long term.
