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Will solar PV save you money on energy bills?

With energy costs still high and climate concerns rising, many homeowners are turning to solar photovoltaic (PV) panels as a way to generate their own clean electricity. Solar lets you reduce your reliance on the grid, take control of your energy bills, and lower your carbon footprint – all in one move.

But how much can you really save, and is it the right investment for your home? Let’s break it down.

The number of eBay searches for solar panels and solar power batteries increased by 54% and 134% respectively in June compared with the same period last year.

Thanks to falling prices and improved technology, solar PV is now more accessible than ever. A typical system costs between £5,000 and £8,000, depending on:

  • The size of the system
  • The specifics of your roof and installation
  • Whether you add battery storage to store surplus energy

While this is still a significant upfront cost, the long-term savings – both financial and environmental – can make it a worthwhile investment.

Savings vary based on your home and your energy habits. If you use electricity during daylight hours – for example, running your washing machine or charging devices when the panels are producing power – you’ll get more value from your system.

Households that align their usage with generation, and possibly add battery storage, could save up to £1,000 a year on electricity bills.

Under the Smart Export Guarantee (SEG), you can sell surplus electricity to the grid – but it’s no longer the main financial incentive it once was. Rates vary by supplier. Some offer just a few pence per kilowatt-hour, while others pay up to around 16.5p per kWh.

Choosing a competitive SEG tariff can help offset your costs – but the greatest benefit still comes from using the electricity you generate yourself.

Solar tip: Modern panels work best in good daylight, not direct heat. In fact, extremely hot weather can reduce efficiency slightly – so it’s all about hours of light, not sunshine alone.

‘Make pay while the sun shines’

Solar PV can be a great choice – especially as part of a broader home energy strategy. It works best when:

  • Your roof is south-facing and not shaded
  • You use electricity during the day
  • You plan to stay in your home for several years

With rising energy prices and better payback periods, solar is now a serious option for many homeowners. But to get the most value, your system should be designed to suit your specific property and lifestyle.

That’s where our Whole House Plan comes in. We’ll assess your home and energy use, and help you plan improvements that work together – so solar is installed in the right way, at the right time.

Solar Fact: Super hot days actually make solar PV panels work less effectively. It’s more about daylight hours than heat from the sun. Modern solar panels are designed to suffer less from hot temperatures, but they can still lose 10 per cent of their rated efficiency on hot days.

Solar energy is no longer niche. Nearly two in five new homes in England now include solar panels as standard – a clear sign of mainstream momentum. Research also shows that solar PV could cut bills for fuel-poor households by up to 24%, proving that cleaner energy can also be cheaper energy.

If you’re thinking about solar, we’re here to help you make the right call. At Cosy Homes Oxfordshire, we take a whole house approach – making sure your solar installation works alongside insulation, heating, ventilation and other energy upgrades for maximum comfort, performance and value.

Call us on 0330 223 2742 (Monday to Friday) or contact us to book a home energy assessment and start your journey to a more efficient, future-ready home.

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