Is 2024 the Time to Invest in Solar Panels?

Solar power is becoming increasingly popular with last year being a record year for heat pumps and solar panels in Scottish homes and businesses.

The vast majority of MCS installations registered last year were solar panels, at nearly 26,000. This is a 174% increase from 2020 when just over 9,000 certified solar panel installations were carried out.

With rising popularity as well as rising energy bills, now is the time to start looking into solar power.

Find out why 2024 is the time to invest in solar panels below.

 

What are the Benefits of Solar Panels?

Solar panels have many benefits including:

  • Reducing your energy bills – By generating your own electricity you will not only cut your reliance on the National Grid but also your energy bills.
  • Generate money – If you have excess electricity that your solar panels have generated, but you haven’t used, you can sell this electricity back to the grid for some extra cash.
  • Solar power is clean and green – Do your part in helping tackle the climate crisis by switching to solar as it is a low carbon, renewable energy.

 

Solar Panel Costs

The initial cost of solar panels can be off-putting to most. However, the long term savings can be worth it.

Solar panels use the sun’s power to generate free renewable electricity for your home. This means you can reduce or entirely cut your reliance on the national grid reducing your energy bills.

The cost of a solar power system depends on:

  • The number of solar panels you require
  • The type of solar panels you choose
  • The cost of installation in your area
  • The complexity of the installation

 

Why You Should Invest Now

Now is a great time to invest in solar panels. Not only are they cheaper than ever to be installed, but it is also quicker to break even on them. Before, it took around 14 years to break even with photovoltaic (PV) panels.

Systems in 2024 could pay for themselves in under 10 years, even less if you have a solar battery.

As well as this, energy prices are predicted to rise in 2025 so if you want to avoid soaring energy costs, then now is the time to look into solar panels.

Government Grants Available

At Homeshield Scotland, we have been providing homeowners with ways to make their homes more energy efficient.

We have been installing renewables such as solar panels in customers’ homes for a number of years.

Start your journey to a cheaper and greener future today!

Get a quote for solar panels here.

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