Is Now A Good Time To Get Solar Panels? Josh Jackman Last updated on 24th May 2022 6 min read ✔ Solar panels will increase your home’s value by 4.1%, on average✔ Going solar could save you £330 per year✔ You could cut your footprint by 1.6 tonnes of CO2 per year with solar panelsHumanity is turning to renewable energy, and not a second too late.The Earth is losing 1.2 trillion tonnes of ice per year, and the lockdowns prompted by COVID-19 are set to have a “negligible” impact on the climate crisis (source: Nature Climate Change, 2020).It is crucial that we go as green as possible, in order to fight climate change – and it doesn’t hurt that solar panels can save you a pretty packet.They’re cheaper, more efficient, and more popular than ever, all of which translates to higher annual savings and lower emissions levels. They’ll substantially increase your home’s value too, typically.To receive tailored quotes for installing solar panels on your home, just fill in this quick form.What’s on this page? 01 Cost 02 Savings 03 Carbon emissions 04 Energy independence 05 Summary CostSolar panels are cheaper than they’ve ever been, with an average cost that’s fallen by 70% since 2010 – which is good news for the planet, since 69% of people ranked cost as the most important factor when evaluating which low-carbon product to purchase.Advances in technology also mean solar arrays are gloriously low maintenance, so once they’re up, you can let the panels do their thing without giving them a second thought.That means you probably won’t have to pay for any repairs for decades.They are an investment, costing £4,800 on average according to the Energy Saving Trust (EST) – but even if you sell before you’ve made that back in savings, you’ll probably still make money.A 2019 study by real estate company Zillow showed solar panels raise a home’s value by 4.1%, on average – which would increase the typical UK home’s value by £9,500.That seems like a win-win to us. SavingsIf you, like so many people, are home more of the time at the moment, you’ll be using as much as 30% more electricity than usual, according to BBC News.This is a problem for many, especially as domestic electricity is more expensive than ever before, according to government statistics. In 2019, the average household spent £713 on electricity – a 6% increase on 2018.And between 2016 and 2019, the average electricity bill went up by 22%. Energy companies now take an extra £127 from the pockets of a typical consumer, for the same service.If your hairdresser upped their prices by 22%, you’d find another option – and getting solar panels is a much better solution than cutting your own hair.Reducing your electricity bill is more important than ever, and the more you can rely on solar power, the more you’ll save.Thankfully, the Smart Export Guarantee (SEG) makes it easier to lean on solar energy at the moment. The SEG scheme compels large UK energy suppliers to pay you for renewable energy you send to the National Grid.This means that if you’re usually home all day at the moment, the SEG can help cut your annual electricity costs by as much as £330, according to the EST.The longer this pandemic lasts, the better off you’ll be with solar panels.And if you’re worried about people entering your home at the moment, a solar installation is one of the least invasive home improvements you can make. Companies also won’t have to cancel jobs during almost any stage of the pandemic. Carbon emissionsA typical solar array could now allow you to cut your carbon emissions by 1.3 to 1.6 tonnes of CO2 per year, according to the EST.Every person in the UK is responsible for 6.5 tonnes of CO2e* per year, on average, according to the latest government statistics.So reducing yours by 1.6 tonnes would cut your carbon footprint by 25%.And you wouldn’t be alone in turning to renewable energy.In the first quarter of 2020, the UK generated more electricity from renewable sources than fossil fuels for the first time – and the gap was huge.Green energy took a 47% share – one-third more than fossil fuels, which produced 35.4%.The tide isn’t just turning, it’s turned – and you could play a part in making the world a better place for current and future generations.*carbon dioxide equivalent, a measurement that converts all greenhouse emissions into CO2 terms Energy independenceWe live in turbulent, unprecedented times.There are no guarantees, so give yourself the small comfort of knowing that you’re in charge of your own energy.Independence from the National Grid would protect you against any catastrophic consequences which COVID-19 is still yet to wreak.We haven’t had to deal with a winter flu season alongside this pandemic yet, and it could place a strain on the national energy supply and upkeep.Is it possible to become completely self-sufficient with just solar power? Thankfully, the answer is a resounding yes.Solar panels have come on leaps and bounds in the past decade, and are now more effective than ever before.The average solar array will now convert around 17-20% of sunlight it absorbs into electricity – up from 12% a mere 10 years ago, according to BBC News.If you get your own panels, you can convert all that sparkling sunshine into pure energy that will directly power your household – and if you generate any extra power, you can use solar batteries to store it for another time.What other electricity source has improved its efficiency by as much as 67% since 2010?And even if you’re not able to install enough panels to become fully divorced from the Grid, it’ll certainly help to have a portion of independence – just in case. SummarySolar panels are on the cutting edge.They’re cheaper than ever, more effective, and ready to save you hundreds of pounds every year – as well as more than a tonne of CO2.Is now a good time to get solar panels? There’s never been a better time.If you’re ready to make the leap and ensure you can look back on one bright spot from this time, just fill in this form to receive quotes from solar specialists. Josh Jackman Senior Writer @josh_jackman Josh has written about eco-friendly home improvements and climate change for the past three years. His work has featured on the front page of the Financial Times; he’s been interviewed by BBC Radio; and he was the resident expert in BT’s smart home tech initiative.