How much can I save with solar panels?

Solar Panel Savings Explained

Solar panels offer significant savings on your electricity bills, with most homeowners seeing their bills drop by 50-70%. Here's a detailed breakdown of what you can expect.

Typical Annual Savings

• 3kW System: £600-£900 per year
• 4kW System: £800-£1,200 per year
• 5kW System: £1,000-£1,400 per year
• 6kW System: £1,200-£1,600 per year

How Savings Are Calculated

Your savings come from two sources:

• Reduced grid usage: Every kWh you generate and use saves ~24p
• Export payments: Surplus electricity earns 4-15p per kWh via SEG

Maximising Your Savings

• Use electricity during daylight: Run appliances when panels are generating
• Add battery storage: Store daytime generation for evening use
• Heat water with solar: Use immersion heater diverters
• Charge your EV: Free motoring with solar power

Real Customer Example

A family in Tamworth with a 4.5kW system and 5kWh battery reduced their annual electricity bill from £1,800 to just £450 - saving over £1,350 per year.