Solar Panels
Solar panels can help you save up to 70% on your electricity bills by producing electricity from the power of the sun hitting the roof of your property.
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​You can save up to £1500 a year on your electricity bills while also increasing the value of your property with the bonus of making your property more desirable to future buyers.
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​Energy Saver Lodge strives to provide you with the best service to help you onto your way to making the best decision for you and your property.
Benefits of Solar Panels
There have been around 150,000 installations of solar panel in the year 2022 due to the UK energy crisis. During this crisis, people have seen their electricity bills go from around 12 pence per kWh to more than 34 pence per kWh. To put this into perspective in 2012 the average electricity tariff was 8.6 pence per kWh and in 2020 the average was 12 pence per kWh our bills only increased by around 33% in 8 years but in the last few years, it has increased 300%. This plunged a lot of people in the UK into fuel poverty, to be classed as being in fuel poverty only 10% of your income must be used for fuel bills.
The average UK household uses 15,000kWh of gas and 3500kWh of electricity during the peak of the crisis the cost of this per year would have been £3055 per year with standing charges added in.
A typical 4kw system on a good roof will provide you with 3664kWh of energy per year but you will not be able to use all the energy and some of the energy will be sent back to the national grid for you to get paid for as a SEG payment.
Installing solar panels on your property will also increase your property's value while also making your property more desirable to future buyers due to having renewable energy. Solar panels are the most cost-effective way of increasing the overall efficiency of your property while giving you the best return on investment of any renewable product on the market. They also dramatically increase the EPC rating of your property which will be very important in the future when it comes to selling the property.
Is There Funding For Solar Panels?
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Feed-In Tariff (Discontinued)
In 2012 the government released the Feed-in Tariff that allowed customers to get paid for everything they generated, during the early periods customers would receive around 40 pence per kWh generated by 2018 this had lowered to eventually 5 pence per kWh shortly after this the scheme ended as the electricity savings on solar became so high due to the increase in tariffs the government felt like the incentive for solar was no longer needed.
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20% Government Vat Funding
The government in 2022 also made solar panel VAT FREE meaning that you will also get 20% of your system reduced by the company installing them as they no longer charge you the 20% VAT on solar panels, This is something that is overlooked by most people, if you bought a system for £8,000 if the government didn’t offer that VAT reduction it should have cost £10,000 meaning you have in reality got 20% funding from the government towards your solar panels.
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SEG Payments for solar panels.
The government has also set up the ECO4 scheme to help landlords and social housing to improve their homes if their tenants are on benefits. This allows for funding towards the solar panels depending on the carbon footprint impact of the property. This funding does not mean it's FREE it just means you can get help with the solar panels to help install them for your property.