Solar Panels - What To Do?

Has the recent increase in energy prices made you think about having solar panels installed? Before you do there are a few things you should consider.

It takes an average of 15 years to recoup the cost of installing solar panels on the average home. This is based on the savings you will make on your own energy use and the money you will earn from the smart export guarantee (SEG) which was launched in January 2020. The SEG means any energy that your panels generate that you don’t use is pumped back into the national energy grid and you will receive a payment for it. Although soaring energy prices may knock a few years off of that time scale it may not make financial sense to have solar panels installed if you are planning to sell your home soon.

You could remove the panels from your old home and put them on your new home but this is an extra expense. Also, whilst you will be able to use the energy that your solar panels generate, you will not be able to receive payments for any electricity you don’t use as to export it your panels need to be certified by the Microgeneration Certification Scheme. Panels that have been moved won’t be certified. Unless you have a solar battery you will be unable to store your excess energy for future use either.

Most people assume that a home that generates its own energy will be more attractive to buyers. However, some worry that having ‘ugly’ solar panels on the roof will decrease the value of their home. The National Association of Estate Agents has said "Having such sustainable technologies will become more attractive for homeowners in the future. There are benefits to having solar panels – however, in the short term, they don't provide an increase in house value, with the panels often costing more than they attribute in value. With houses coming on to the market in short supply and other factors, people are being forced to compromise on their preferences, including energy-saving measures."

In England and Wales panels are usually considered to be ‘permitted development’ meaning that you do not have to apply for planning permission; this is not the case for houses with flat roofs, listed properties or properties in a conservation area.

The location of your house affects how much electricity your panels produce. Homes further south will make slightly more due to longer daylight hours. Having a south-facing roof will maximise your panels’ output. It is also preferable for your roof to not be in shade between 10am and 4pm.

Your roof also needs to be in good repair and a reasonable size. Solar panels are usually two square metres each so the size of your roof does matter.

I am always happy to discuss how any improvements or additions to your home may affect its value so if you would like to have a chat please do give me a call on 01525 261100.