How much does it cost to install a solar panel?

The average solar panel installation cost is about the same as the solar panel cost, which is £400 to £8,000. Sometimes, when you buy a solar panel system, the installation costs are already accounted for. To give you a summary of each installation cost, here is a list of them: What Is the Maintenance Cost of Solar Panels?

How much do solar panels cost in the UK?

The most common type of system is the 4kW solar system, which costs between £5,000 - £6,000. It can save the average household about £600 per year, provided that they have a decent number of sunlight hours and are installed on a south-facing roof. In 2024, the price of solar panels in the UK can vary depending on several factors.

How much does a solar PV system cost?

The Energy Saving Trust (EST) suggests a typical domestic solar PV system is somewhat smaller, at 3.5kW and around £7,000; although that does put prices in a similar ballpark of approximately £2,000 per kW.

How much does a solar inverter cost?

Most solar installations include an inverter, costing between £900 and £1,500, depending on its type and the system size. How does a solar panel inverter work? Solar panels generate direct current (DC) electricity, which an inverter converts to alternating current (AC) electricity – the type of power used by household appliances.

How much does a 5 kWp solar system cost?

In some cases, a 5 kWp solar PV array will be sufficient to meet those energy demands. A 5 kWp solar system will typically require around 15 solar panels at 350W each and cost between £8,000 to £12,000. *The figures in this table are calculated based on 350W solar panels and the national average household energy consumption (2022).

How long does a solar panel installation take?

It would take at least 10 years and, at most, 20 years upon a solar panel installation for you to break even with solar panel costs. Even if it takes too long, you can immediately feel how much you can save in energy bills (by 70%) when solar panels generate electricity in your house or commercial building.