Mrs Pinch

Pinching the pennies and looking after the pounds

  • About
    • Disclosure & Privacy Policy
  • Activities
  • Recipes
  • Save money
    • Beauty
    • Weddings
    • Free stuff
  • Resources
  • Contact

This post may contain affiliate links. Please see our disclosure policy for more information.

Solar Panel Cost

Pin4
Share
Tweet
4 Shares

The government benefits of having solar panels on the roof of you home have now ended. Whilst solar power might be a huge future benefit to the global population as fossil fuels run out, what do the current sums look like. What is the solar panel cost of setting up, the maintenance and how about the effect on the price of your house? Mrs Pinch is here to take a look.

Gloomy Britain

Firstly, let’s clear this one up. Some people think that our terrible weather means that solar panels won’t work here in the United Kingdom. That’s simply not the case. Solar panels only need daylight, not bright Australia style sunshine. This is good to know when we look out the window and see nothing but dull days.

The Investment Price

Shelling out the initial cost for your solar panel system is a large amount of money. It needs mulling over properly. The average price is around £6000, including installation. Now that the appealing government incentives have ceased, the only way to get money back is by making savings on your utility bill.

Recoup the costs

With over £6000 spent, how long will it take you to claw back that investment? The industry says that depending on where you live here in the UK (the further south the better in this case) you can knock between £90 & £240 off your electricity bill ever year. If your panels are helping you reduce your bill by the maximum amount noted, you’re looking at 25 years to break even. If you’re only reducing your bill by £90 a year, that’s over 66 years! This is without taking into account the price of simple maintenance and replacing the inverter every 25 years which can cost about £800.

South Facing

In order to try and gain maximum savings, your roof needs to be south facing. You will get some benefit if the roof faces south-west or west. Some early morning or late evening shadings from trees or nearby building is usually expected but generally your roof needs to be free from shade between the hours of 10am and 4pm.

Planning Permission

One bit of good news is that you usually do not require planning permission to install a solar panel system. There could be exceptions if you have a flat roof or if the building is listed or lies within a conservation zone. Panels normally come in under permitted development but always check with your local council.

Run during the day

Whilst you may not gain government incentives any more, one of the top tips is to run your appliances during the hours that you are producing electricity via your solar panels. This means you are drawing less from the grid. Put your washer on during the day and make sure the dishwasher is ready to go at lunchtime. Make sure you know how to use timers on your machines.

House prices

Some people might think that solar panels will boost the asking price of your home. This isn’t always the case. Whilst some potential buyers might love the idea of saving money on their bills, others might hate the appearance of the panels. Some agreements might lock the new buyers into dated technology when they don’t want to be. It’s not for everyone and you certainly shouldn’t expect to see the cost you shell out reflected in your asking price.

You can still switch suppliers

One of the key things to note is that you can still switch suppliers. You’re not stuck on the same tariff from the same supplier just because of your solar panels. You can move around meaning you can still get the best deal for you and your family and make savings.

The solar panel cost is pretty much the same for everyone, regardless of where you live. The savings you can make on your bills do differ depending on your location though, so you need to factor that into your maths. Whilst solar panel incentives may have stopped, you can save money on your bills in the long run but it might take longer than you think.

Filed Under: Save money, Your home Tagged With: Solar Panel Cost

Previous Post: « The Best Leftover Roast Chicken Recipes
Next Post: What To Do For Easter 2020 »

Primary Sidebar

Hi and welcome to Mrs Pinch

Hi and welcome to Mrs Pinch.

We are Emma and Tony, and we love to save money on the essentials so that we can spend money on the things that we love.

Mrs Pinch is a chance for us to get creative in the kitchen and share recipes with you, but also to share ways to save money that don’t involve reusing the same teabag more than once.

Click here to learn more.

Sign up to the Resource Vault

The Gram

emmadrewinfo

I help you to make money, save money & live the life YOU want
You’ll find:
⌨️ Blogging tips
🤑 Make money
💷 Save money
😻 Cats
🌮 Food
👇🏻 Free stuff

Emma Drew
Did you know that there are some side hustles that Did you know that there are some side hustles that are actually tax free?⁠
⁠
First of all, we have a Personal Trading Allowance of £1,000 per tax year (revenue, not profit) so the first £1,000 you make from surveys, etc is tax free.⁠
⁠
You can rent out a room (or rooms) and earn up to £7,500 per year tax free.⁠
⁠
Your dividends (on things like shares) are tax free up to the first £2,000.⁠
⁠
You can also start making some apple cider to sell if you are that way inclined!⁠
⁠
Which one do you fancy trying next?⁠
⁠
#TaxFreeSideHustle⁠
#TaxFree⁠
#MatchedBetting⁠
#MatchedBettingUK⁠
#MatchedBettingTips⁠
#Dividends⁠
#DividendsStocks⁠
#FinanceGoals⁠
#IncomeStreams⁠
#WomenAndMoney⁠
#PersonalFinanceByWomen⁠
#PersonalFinanceForWomen⁠
#GrowYourMoney⁠
#MakeMoneyHoney⁠
#BusinessRulesForWomen⁠
#BuildBusiness⁠
#MakeMoneyFromAnywhere⁠
#MakeMoneyWorkingFromHome⁠
#MakeMoneyQuick⁠
#MoneyGoals⁠
#FinanciallyFree⁠
#MoneyTalk⁠
#DebtFreedom⁠
#FinancialPeace⁠
#EntrepreneurialLife⁠
#TotalMoneyMakeover⁠
#HustleLife⁠
#HustleWithEase⁠
#HustleAndFlow⁠
#HustleDaily⁠
AD job interview tips. AD   #JobSearch #JobSeeker AD job interview tips. AD
 
#JobSearch #JobSeeker #JobSeekers #BTSkillsForTomorrow #FindingAJob #JobInterviewTips #StandOut #MoneyGoals #GoalSetter #GoalSetter #CareerPath #GetAJob #GetAJobToday #GettingAJob #JobInterviewReady
I love seeing where people save and invest their m I love seeing where people save and invest their money.⁠
⁠
These are the banks and financial services that we use to save and invest our money.⁠
⁠
Remember that with investments your capital is at risk and can go up as well as down, which is why we like to have a diverse range. We would love to expand these over the next few years and introduce a few other investments and savings accounts.⁠
⁠
#PersonalFinanceByWomen⁠
#MoneySavingGoals⁠
#MoneySavingBlogger⁠
#MoneySavingDeals⁠
#MoneySavingApp⁠
#MoneySavingHack⁠
#MoneySavingJourney⁠
#PersonalFinanceTips⁠
#MoneyMotivationClub⁠
#UKDebtFreeCommunity⁠
#UKDebtFree⁠
#DebtFreeUK⁠
#FinanceGoals⁠
#IncomeStreams⁠
#MillenialMoney⁠
#BusinessGoal⁠
#EntrepreneurSkills⁠
#Entrepreneurships⁠
#MakeMoneyWhileYouSleep⁠
#MakingMoneyOnline⁠
#FinanceBlogger⁠
#GirlbossMovement⁠
#GazelleIntense⁠
#EmergencyFund⁠
#TotalMoneyMakeover⁠
#GirlBossHustle⁠
#GirlBossMovement⁠
#GirlBossLifestyle⁠
#SavingMoneyTips⁠
#SavingMoneyIsFun⁠
Did you know that there are websites where you can Did you know that there are websites where you can win free money every single day?⁠
⁠
All you do is register once, then check in every day to see if you have won.⁠
⁠
And we have a new draw on MakeMoneyWithoutAJob.Com too!⁠
⁠
My favourites are:⁠
⁠
@realpickmypostcode⁠
Free Birthdate Lottery⁠
@theselfielottery⁠
@ohmydoshuk⁠
⁠
Do you enter any others? Have you been lucky enough to win?⁠
#MakeMoneyHoney⁠
#MakeMoneyForFree⁠
#EarnMoneyOnlineFromHome⁠
#MoneyBoss⁠
#PersonalFinanceTips⁠
#MakingMoneyOnline⁠
#FinanceBlogger⁠
#TotalMoneyMakeover⁠
#GazelleIntense⁠
#IncomeStreams⁠
#FinancialPeace⁠
#CashIsKing⁠
#GirlBossTribe⁠
#EntrepreneurialLife⁠
#EntrepreneurMinds⁠
#DebtIsDumb⁠
#DebtFreeGoals⁠
#DebtFreeLiving⁠
#TotalMoneyMakeover⁠
#DebtFreeGoals⁠
#MakeMoneyFromYourPhone⁠
#MakeMoneyOnlineNow⁠
#MoneyMindset⁠
#MoneyMaking⁠
#MoneyTips⁠
#MoneyManagement⁠
#FinancialEducation⁠
#MoneyFlow⁠
#MoreMoney⁠
#MoneyMatters⁠
Oh I LOVE this question!⁠ ⁠ What would you do Oh I LOVE this question!⁠
⁠
What would you do with £5 to double it?⁠
⁠
I would probably visit a charity shop and look for some bargains, then stick them on eBay for a 1 day auction.⁠
⁠
#FinancialPeace⁠
#CashIsKing⁠
#MoneySavingTips⁠
#FrugalLife⁠
#MoneyMotivation⁠
#MoneySavingApp⁠
#MoneySavingHack⁠
#MoneySavingJourney⁠
#MoneyMotivationClub⁠
#UKDebtFreeCommunity⁠
#UKDebtFree⁠
#DebtFreeUK⁠
#WomenAndMoney⁠
#PersonalFinanceForWomen⁠
#HowToBudget⁠
#MakeMoneyOnlineNow⁠
#MoneyMindset⁠
#MoneyMaking⁠
#MoneyGang⁠
#MoneyTips⁠
#MoneyGoals2021⁠
#OnlineBusinessIdeas⁠
#EarnMoneyOnlineFromHome⁠
#EntrepreneurGrind⁠
#BusinessWisdom⁠
#BuildEmpire⁠
#BusinessRulesForWomen⁠
#BuildBusiness⁠
#MakeMoneyFromAnywhere⁠
#MakeMoneyWorkingFromHome⁠
Who is getting their side hustle on this weekend? Who is getting their side hustle on this weekend? If you are struggling for ideas to get started then here are 5 ways to make some money this weekend.⁠
⁠
1 - declutter and sell. Get your unwanted items listed on Facebook Marketplace, eBay, Vinted, Depop - wherever!⁠
⁠
2 - sign up to market research. I love Research Opinions, People For Research and Respondent.⁠
⁠
3 - take some time to learn matched betting. It should take you about an hour to watch the training videos and decide if it is for you.⁠
⁠
4 - enter my free daily draw for your chance to win £10 per day. Link in bio!⁠
⁠
5 - get free money. These free money offers are usually from new apps trying to entice you to join. You'll also find a link in my bio for these.⁠
⁠
#MoneyManagement #FinancialEducation #MoneyFlow #MoreMoney #MoneyMatters #FinancialIndependence #HustleMode #HustleAndHeart #MakeMoneyFromYourPhone #MakeMoneyOnlineNow #MakeMoneyQuick #MoneyGoals #FinanciallyFree #MoneyTalk #DebtFreedom #FinancialPeace #CashIsKing #GirlBossTribe #EntrepreneurialLife #EntrepreneurMinds #IncomeStreams #MillenialMoney⁠
#TotalMoneyMakeover #FinanceGoals #GirlBossLifestyle #MoneyGoals2021 #UKDebtFree #DebtFreeUK #WomenAndMoney #PersonalFinanceByWomen⁠
⁠
⁠
⁠
Okay what IS the deal with the free share from Fre Okay what IS the deal with the free share from FreeTrade?⁠
⁠
If you use someone's referral link, verify your account and deposit £1 you will then get a free share awarded at random worth anything from £3 - £200.⁠
⁠
The shares are usually given out on Wednesday afternoons/early evenings and are awarded at random.⁠
⁠
Once you have your free share you can decide what to do with it. You might want to just let it sit there to earn dividends and see if it grows, or you can sell it to use it to buy other shares OR withdraw your money.⁠
⁠
It is a great offer because you don't even need to spend your initial £1, just deposit it.⁠
⁠
I'm sharing lots of free money offers like this - the link is in my bio!⁠
⁠
#BusinessRulesForWomen⁠
#BuildBusiness⁠
#MakeMoneyFromAnywhere⁠
#MakeMoneyWorkingFromHome⁠
#GrowYourMoney⁠
#FinanceGoals⁠
#IncomeStreams⁠
#MillenialMoney⁠
#BusinessGoal⁠
#EntrepreneurSkills⁠
#EntrepreneurMinds⁠
#DebtIsDumb⁠
#DebtFreeGoals⁠
#DebtFreeLiving⁠
#TotalMoneyMakeover⁠
#DebtFreeGoals⁠
#HustleLife⁠
#HustleWithEase⁠
#HustleAndFlow⁠
#HustleDaily⁠
#MoneyMatters⁠
#FinancialIndependence⁠
#HustleMode⁠
#HustleAndHeart⁠
#MakeMoneyFromYourPhone⁠
#MakeMoneyOnlineNow⁠
#MoneyMindset⁠
#MoneyMaking⁠
#MoneyGang⁠
#MoneyTips⁠
Have you met our latest addition? Welcome Poppy D Have you met our latest addition?

Welcome Poppy Drew!

She has taught me so much and I just love her so much. We’ve been waiting for over a year for her and she has been well worth the wait.
#NewPuppy #Pomeranian #PoppyThePom #Puppy #PuppyLove #NewPet #WelcomeHome #HunstantonBeach #BeachPuppy #BeachPuppyLife #NewDog #NewDogWhoDis #PoppyThePomeranian #PomeranianPuppy
I am so excited to let you know that the MakeMoney I am so excited to let you know that the MakeMoneyWithoutAJob free daily draw is live!

What’s this you ask?

Just register (at www.makemoneywithoutajob.com/draw) and come back every day to see if you are the daily winner.

The prize pot is currently £10 a day, and you can choose to receive your winnings via PayPal, Amazon gift card or donate to @trusselltrust 😍

If the prize isn’t claimed then it rolls over to the following day until it is claimed 🤑

The draw is totally free for you, and funded by sponsors, affiliates and adverts.

This is the biggest thing I have ever done for my business. It has taken months and months of working with a web developer but we are finally here.

I would really appreciate if you could get the word out there and share the draw anywhere you can. So many daily draws have closed over the years because they just cannot make it work, and this won’t be one of them 💪🏻 but I need YOUR help to do this!

We got 500 members in less than 24 hours, let’s keep this growing 😎
#DailyMoney #MoneyEveryDay #FrugalTips #FrugalLiving #FreeMoney #DailyDraw #FreebieFriday #Giveaway #DailyGiveaway #NewFeature #GoalGetter #GoalSetter #GoalSetterGoalGetter #MoneyMindset #MoneyMatters #FreeCash #CashFlow #ManifestingMoney #MoneyMakingIdeas #MoneyMakingTips #MoneyMakingOpportunities #GetThatCash
Load More… Follow on Instagram

Most Popular Recipes

Instant Pot Chicken Tikka Recipe

Air Fryer Mozzarella Sticks recipe

Budget Meal Planning Ideas

Pizza bagels recipe you will love

Yorkshire Pudding Recipe For 2

The Best Yorkshire Pudding Recipe For 2

Halloween quesadillas – halloween food ideas for kids

Foodies100 Index of UK Food Blogs
Foodies100

Footer

You might also like

How Much Is Each Nectar Point Worth

Saving Money In Winter

Money Earning Apps You Need To Download

Top Ideas For Easter Weekend Breaks

Cheap Valentines Day Activities

Copyright © 2021 · Divine theme by Restored 316

Copyright © 2021 · Drew Media LTD