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How Much To Install Solar Panels And Battery?

Are you thinking about installing solar panels and battery in your home and wondering how much the installation is going to cost? Well, you’re not alone. This is one of the most commonly asked questions in the solar world, but unfortunately a precise answer can not be provided. This is mainly due to the fact that solar panel systems come in varying sizes which is the main influencing factor that determines how much electricity that can be generated. In other words, the larger the system, the more the electricity that’ll be produced to your home’s benefit.

Generally, for a solar system size of 1kW, the average cost of the solar panel ranges between £1800 to £1850, 2kW is between £3600 to £3700, solar panel size of 3kW ranges between £5500 to £5600 and finally, 4kW is between £6000 to £6050. For example, with the aforementioned prices in mind, the cost of solar panels for a standard 3 bedroom house will range between £5520 to £6040 as the high electricity demands will need the installation of 3 to 4kW solar system size.

Meanwhile the installation cost of solar batteries is also dependent on a number of influencing factors like the size as well as the make of the battery. Generally, you can expect to spend within the range of £500 to £2000 to install your batteries depending on aforementioned factors. In the event whereby you’ll be retrofitting, you might also need to include an additional cost of £1000 for an inverter. However, it’s important to note that there are only quite a few hybrid systems which are able to combine a battery storage with an inverter.

How Do Solar Panels And Batteries Work Together?

With solar panel system rapidly becoming an ubiquitous phenomenon within the modern society, several homeowners in the UK are just coming to terms with the numerous benefits offered by the system. The solar power’s popularity has even led to the rise of another renewable technology - solar batteries able to store excess solar power that can be used later. Now several companies such as Tesla are now building solar batteries that can be fitted alongside solar panels for your building. So how exactly do solar panels and batteries work together? Let’s have a look!

Solar panels make use of the sun light to generate electricity and as a result, they can’t function when sunlight is absent - giving a big issue of how to power your house when it’s dark. In the event whereby this occurs, you’re afforded two options which is either to contact energy providers to buy electricity or purchase a battery storage system.

So what’s the function of the battery storage system? Basically when your solar panel provides electricity which is not needed right away, a solar battery will work to convert the DC electricity into AC energy which is going to be stored for later use (when you actually need it). in other words, your solar panels charge the batteries when you do not require the energy they’re generating right away.

As a result, when it’s dark and the solar panels are no longer functioning, your system will tap into the energy that’s already been stored by your battery for later use. This way, you can be totally independent of the National Grid, which implies more savings on your electricity bills.

One of the things that has been on the UK government’s agenda for some time now is to promote the use of renewable energy sources. In fact, the Renewable Energy Directive put out by the EU instructs all member countries to achieve a 20 percent renewable target before the year 2020. The UK’s commitment to this objective has been made quite glaring with a number of funding options that has been put in place to help business owners looking to solar panels on their properties. This commitment was also showcased by a reduction in the cost of solar panels, so new investors have little to worry about. Although there aren’t any grants in the conventional sense, but there are opportunities for solar panel funding in the UK. At present, the only scheme open to new applications is the SEG - Smart Export Guarantee which came into effect on 1st January, 2020.

In general, there are four notable incentives in the UK for solar panels which includes the aforementioned Smart Export Guarantee, Reduced VAT on Energy Saving Products, Feed-in Tariff ( no longer open to new applications ), as well as the Renewable Heat Incentive ( RHI - applies only to solar water heating ).

Being the only one still open to new applications, we’ll provide you with some insights on SEG. The Smart Export Guarantee allows small scale low-carbon electricity generators to receive payments for surplus energy they’re able to export back to the grid. Although, this is not a direct government scheme, all licensed suppliers are necessitated to offer an export tariff to their customers. Those suppliers with more than 150,000 customers are obligated to offer a tariff, while the suppliers with fewer customers can partake on a voluntary basis.

Solar panels can be pretty expensive, so require an initial investment. However, a quality solar panel installation can be very financially beneficial, saving you money in the long run. It does this in two main ways.

Firstly, using electricity generated by your solar panels means that you have to use less power from the national grid. Once you’ve bought your solar panels, your solar electricity is essentially free, meaning that you’re saving money by using this instead of power supplied by your energy company. If you want to maximise these savings, invest in a solar battery so you can store unused solar electricity ready for when you need it.

You can also earn money with your commercial solar panels through the Smart Export Guarantee [https://solar-panels.quotatis.co.uk/smart-export-guarantee/]. This is a government scheme that says that all licenced energy suppliers with 150,000 customers or more have to offer a tariff to renewable energy generators. When you generate solar electricity but don’t use it immediately it gets fed back to the grid – the tariff pays you for every kWh of this.

At the moment there’s no minimum tariff that an energy company has to offer – it only has to be above zero. However, many energy companies are competing to offer the best deal, so you can definitely find a tariff that will pay you for all the unused solar electricity you generate.

Solar panels are a great source of energy with numerous benefits that comes with it. However, the main thing that puts off most homeowners or potential buyers is the fact that the equipment are usually very expensive. So if you’re planning to purchase solar panels to be installed in your home, then you’d probably want to know if it’s actually worth the investment or otherwise. In this article, we aim to give you a good insight into how solar panels works and if its a viable investment.

Generally, the length of time it will take for your solar panels to payback and whether you’ll be able to make money from them will be based on the following factors:

✓ The solar panel PV system’s cost.

✓ The amount of the generated electricity that you’re able to use.

✓ Whether as well as the amount you’re paid to the electricity you’re able to generate and export.

To know whether your solar panels are truly worth it, then a higher initial cost to fit the system will require to be settled with the amount you’re able to save through the use of the renewable electricity it produces, rather than making purchases from your electricity company. In other words, the more renewable energy you’re able to use, the more savings you make. If you’re registered for the FIT and paid per kWh of electricity produced, for 50 percent of that, which is assumed to be exported to the grid. Therefore, if you’re able to use more than 50 percent, you’ll be able to benefit from the investment.

Yes – solar thermal can be used for central heating. Solar thermal panels work by collecting heat from the sun, either through evacuated tubes or flat plate collectors, and transferring that to a heat transfer liquid that heats your hot water. This can then be used to preheat your central heating.

You’ll need a hot water cylinder to store the water that your solar thermal panels heat up. It’s likely that you’ll need an immersion heater or boiler to heat the water further so you can use it for your central heating, and as a back-up during the longest winter months since the solar panels won’t be able to generate as much heat.

In our opinion, it’s best to use your solar thermal panels for hot water rather than your central heating. That’s because you use hot water all year round, whereas you probably won’t have your central heating on in the spring and summer, when the panels can generate the most heat. For central heating, air- or ground-source heat pumps are a great renewable option, and you can even power them with electricity from solar PV panels if you want to be as eco-friendly as possible.