Are solar panels a good investment?

Buying solar panels is a long-term investment that should help cut your electricity bills and carbon footprint. But will they pay for themselves and earn you money? Solar panels are often marketed as a way to save money on electricity – and sometimes as a way to make money too.

Why do people install solar panels?

Solar panels are often marketed as a way to save money on electricity – and sometimes as a way to make money too. This is because you can get paid for the electricity they produce that you don't use. Of course, many people install solar panels for other reasons.

Can I get solar panels installed in my home?

There's help available to get solar panels installed in your home, but you usually need to be on certain benefits or have a low income to be eligible. What each scheme offers, and its eligibility criteria varies: The Energy Company Obligation (ECO) scheme.

Are solar panels worth it?

If you’re ready to save some cash, while you help save the planet, take a look at the solar panel stats and weigh up the pros and cons of solar panels for yourself to see if they will be worthwhile. Solar panels are very energy-efficient and reduce reliance on the National Grid.

What are the pros and cons of getting solar panels?

Which? members tell us the pros and cons of getting solar panels, including the challenges of choosing an installer Which? Team Adding solar panels to your home reduces your reliance on electricity bought from energy companies. It can reduce your electricity bills and you might even earn money by selling the excess back into the grid.

Do you own solar panels?

You OWN the solar panels. Under these schemes, you pay for solar panels over a fixed period, say 20 years. There are no upfront costs, and instead you pay a monthly fee, which usually covers the solar panel and battery installation, repairs and maintenance.