How Much Do You Save with Solar Panels?
You can significantly reduce your electricity bills with the use of solar panels. The electricity that you use when your panels are active is entirely free, and it can result in annual electricity bill savings of €850-€1,460+.
The ultimate savings from solar panels come in the long term when you save money through renewable energy initiatives. Your savings after 25 years can range from €21,250 to €40,325+ depending on your system and tariff. Overall, your savings will depend on:
- Your household electricity consumption
- If you use your appliances during the day when your panels are active
- How efficient your type of solar panel is
- If you generate an income from solar panel funding schemes
You can increase your savings by using appliances (washing machine, dishwasher, etc.) during the day when your solar panels are active. Small changes can result in big savings on the energy bill.
In addition, the efficiency of your solar panels also impacts how much you can save. Monocrystalline panels are more efficient (but also more costly), while polycrystalline panels are less efficient (but cheaper). The more efficient your system is, the more electricity it can generate in each time.
Don’t let another month of high energy bills pass you by – now is the perfect time to switch to solar power! A solar PV system is a great option for your home because it can save you thousands of euros over its lifetime.
Get the most competitively priced quotes from up to 3 trusted solar panel installers today and start enjoying the long-term savings that come with renewable energy. Don’t waste hours researching and vetting local installers. By completing our 30-second form you can skip all of that. And the best part is that any quotes you receive are free and come with no obligation to accept.