Knowing how long it will take to pay for solar panels in your house

Adding solar panels to your house can help you become more energy independent by lowering your dependency on the grid You can even receive compensation for the additional power your panels produce

We explore the financial aspects of solar panels , from covering installation costs to lowering energy costs and generating revenue once you're operational.

A clean, renewable energy source, solar panels can lower your carbon footprint and save you money on electricity bills.

Solar panels allow you to produce your own clean, free energy as the world's energy markets change, and a home battery allows you to store the power for when you need it.

Although installing solar panels will cost money up front, this type of home improvement could pay off in the long run by lowering your energy costs. Through the government's Smart Export Guarantee (SEG) program, you can earn money from the electricity your solar panels produce in addition to lessening your dependency on the power grid.

How much are solar panels?

A six-panel system (2.85 kWp) with on-roof solar panels starts at just 4,995.1, while a 12-panel system (5.70 kWp) starts at just 6,495. Next, ON. Check online for a quote, and E. To help you get the most out of your new system, ON Next's knowledgeable staff will suggest the appropriate number of solar panels for your property, along with a battery and tariff. Additionally, they will optimize the efficiency of your new solar panels by creating a custom design that fits your property.

The number of panels, the size of the battery you add, the amount of scaffolding required, and whether you use panel optimizers to maximize generation performance are some of the variables that can affect the total cost of the system.

1 The cost is predicated on a six-panel package (on-roof), a single scaffold elevation, single-phase electrical, and no complications, such as installing above a conservatory or excavating the trenching needed for electrical work.

Can my energy costs be decreased by solar panels?

The E. Next solar panel systems.

You may be able to lower the quantity of energy you need to buy from suppliers by installing solar panels in your house.

Regardless of the weather, solar panels use sunlight to produce renewable electricity during the day. Even on cloudy days, solar panels can produce energy, but they can generate more power on sunny days.

You can store the extra energy produced during the day with solar battery storage technology, giving you power even after the sun sets.

Although you can still supplement your electricity consumption with grid power if necessary, solar panels can lessen your dependency on it, which may be especially beneficial given the rising cost of energy.

According to E, you could potentially save up to 734 annually on energy bills. Next, you could earn an extra 412 by selling any excess electricity you produce back to the grid. This is predicated on a south-facing roof (35 pitch and no shade), an annual usage of 4,000 kWh, and an electricity price of 24.67p/kWh (Ofgem April 2026 price cap rate). Savings include SEG payments in addition to the anticipated returns of a 12-panel system (5.70 kWp).

The size of your solar system, the amount of sunlight your home receives, your local electricity rates, and your current energy consumption are some of the variables that will determine how much you save.

The amount and timing of your electricity use can also affect your energy costs. According to the Energy Saving Trust, for example, households that spend the entire day at home will typically save more than those that spend the day outside. A solar battery or SEG tariff will enable you to maximize the extra electricity produced if your solar panels are producing more power than you are using.

Your ability to save money on bills may be impacted by the likelihood that you will need to pay for additional power from the grid if you use a lot of it.

How can you export the extra electricity your solar panels produce to make money?

If your solar panels produce more electricity than you need, you can join the Smart Export Guarantee (SEG) program and sell it back to the grid.

The government established the program to motivate individuals to produce more renewable energy. It denotes energy providers, such as E. Next, reimburse residential and commercial clients for extra energy produced by renewable energy sources like solar panels.

And E. Four SEG tariffs are available from ON Next, a required SEG licensee. For example, you could receive 17.5p per kWh of electricity you export under their 12-month fixed-term Next Export Premium v3 tariff.

Along with your renewal, you receive SEG payments every year; however, you have the option to request an increase in frequency to up to three additional payments annually, for a total of four.

And E. Next solar panel systems.

Is it possible to spread the installation of solar panels' initial cost?

There are several ways to cover the cost of installing solar panels. You have two options: pay all at once or spread the money out over time.

In E. You can manage the cost of the home upgrade in a way that works best for you thanks to ON Next's flexible payment options.

For example, you could pay a 25% down payment, another 50% when the materials are ordered, and the remaining 25% after the installation is finished.

The E. Additionally, ON Next provides a financing option with no annual percentage rate for up to three years, allowing you to upgrade your home with solar panels in a way that works for you.

You can be confident that there are no additional installation fees, regardless of how you decide to pay. Everything from scaffolding to solar PV panels and inverters is included in the price you are quoted.

And E. HomeServe Finance Limited, which serves as the lender under Firm Reference Number 994955, is the only company with which ON Energy Installation Services Limited, a credit broker rather than a lender, collaborates. The terms and conditions of HomeServe Finance Limited apply, and any credit is contingent upon status, affordability, and a credit check.