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Typically suitable for small households with limited roof space, this system size can generate approximately 850 kWh annually. Solar panel installation costs generally range from £1,500 to £3,000, depending on the solar company.
Payment and Finance Options: UK homeowners or businesses can pay all of the cost upfront, by using personal savings, or ask their local bank manager ( this is a popular option ) for a low-interest personal loan.
You'll come across government incentives when you talk to installers, and they'll go over grants that could be available for small-scale renewable installations with you.
Suitable for small to medium households, producing approximately 1,700 kWh annually, with installation costs usually ranging from £3,000 to £5,000.
Payment and Finance Options: Besides paying from savings or using a personal loan, homeowners might consider green energy loans specifically tailored for solar installations. Some solar companies offer financing plans or payment arrangements to spread the cost over time.
Consider financing options for installation with detailed loan information below.
3. **3 kW System**:
Common for medium-sized homes, producing around 2,550 kWh each year. Installation costs are generally between £5,000 and £6,000.
**Payment Options**: Payment could be managed through equity release if the homeowner is of qualifying age or through specific energy-saving mortgage products. For some, combining savings with a solar loan might be a viable approach.
4. **4 kW System**:
A popular size for larger homes, generating about 3,400 kWh annually, with installation costs usually around £6,000 to £7,500.
**Payment Options**: Homeowners might use home improvement loans or remortgaging options to finance this investment. Exploring partnerships with solar companies offering leasing options can allow for reduced upfront costs.
5. **5 kW and Above**:
Larger systems are available for homes with higher energy demands or more roof space, with costs typically starting from £7,500.
**Payment Options**: High-value installations might be funded through a combination of personal investment, bank loans, or solar leasing agreements where the company absorbs the upfront cost, and homeowners pay a monthly fee which could be offset by energy savings.
These options can help homeowners choose a system size that aligns with their energy needs and financial situation.
System Size | 5 Years | 10 Years | 15 Years | 20 Years | 25 Years |
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3 kW | |||||
4 kW | |||||
5 kW | |||||
6 kW | |||||
7 kW |
✓ It's free, simple, and there's no obligation.
✓ Compare quotes to secure the best prices.
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✓ It's free, simple, and there's no obligation.
✓ Compare quotes to secure the best prices.
✓ Reduce costs by up to £920 annually.