How much do solar panels cost?

The most widely installed solar panel system is a 3.5-kilowatt peak (kWp) setup, which usually consists of 12 solar panels (at 350 W each) and costs between £5,000 and £10,000. Installing solar panels could lead to annual savings of up to £465 on energy bills, based on the current Energy Price Guarantee, as per the Energy Saving Trust.

How much do Ovo solar panels cost?

Ovo ’s solar packages start from £4,999 for 4 panels with 0% financing options available. If you want a battery too, packages start from £7,499. If you buy solar panels and a battery from Ovo, and Ovo supplies your energy, you'll be eligible for their exclusive anytime SEG rate of 20p/kWh.

How much does a 3.5 kWp solar panel system cost?

A 3.5 kWp solar panel system would typically require around 10 solar panels (at 350 W each) and cost between £5,000 and £10,000. *kWp stands for ‘kilowatt peak’. This is the amount of power that a solar panel or array will produce per hour in prime conditions.

How much does a photovoltaic system cost in the UK?

• A household in the UK installs a 5kW photovoltaic system costing £8000 (average cost), which would generate approximately 4320 kWh of electricity annually. • The annual SEG income in the UK would be £324 per annum.

How much do monocrystalline solar panels cost?

The exact cost of monocrystalline solar panels will vary depending on the manufacturer and the size of the solar panels. As a rule of thumb, monocrystalline solar panels have their highest price point at about £1 – £1.50 per Watt. Polycrystalline solar panels, on the other hand, have a lower efficiency rating than monocrystalline panels.

How much does a solar diverter cost?

This can work out much better financially than sending the excess back to the grid for the SEG. Solar diverters are relatively inexpensive when compared to other system additions such as solar batteries. Solar diverters cost on average £300 - £500 in the UK. Proper training and equipment are required to safely install a solar panel system.