Figuring out the right solar setup for your home can feel complicated. There are many options available, and what’s perfect for your neighbour might not be the best solution for you. Your budget, energy needs, and lifestyle all play a big part in this decision.
At RenewSolar, we’re dedicated to making solar power accessible and affordable. We have the lowest prices on solar hardware in the UK, and we’ve been able to bring down the cost of entry for many people. Our goal is to empower homeowners and help them achieve a level of energy independence.
Understanding Your Return on Investment (ROI)
When you’re looking at a solar installation, it’s not just about the initial price tag. The most important factor is your return on investment, or how long it takes for your system to pay for itself through energy savings.
While the average ROI for a solar installation in the UK is around 10 years, RenewSolar systems are designed to offer a much faster payback, typically around 4 years. This is because we’ve worked hard to drop our hardware prices significantly, making the initial investment more manageable.
The Power of Battery Storage
One of the most effective ways to maximise your savings is by adding a battery to your solar system. This allows you to store the energy you generate during the day and use it at night, rather than relying on the grid and its fluctuating costs.
Our 50kWh battery is the lowest priced solar battery storage in the UK, at just £61.00 per kWh. Here’s a quick breakdown of the value:
- With the average UK electricity price at £0.26 per kWh, our 50kWh battery can store £13.00 worth of power.
- Over its lifetime, the battery is capable of over 4,000 cycles, equating to a total stored value of over £52,000. That’s 17 times the cost of the battery!
- The ROI on our battery is exceptionally fast, with the battery paying for itself in stored power in just 232 days.
Navigating Your Options: Not All Solar Systems Are the Same
Your personal preference and budget will guide your choice, but it’s important to understand the different types of systems available.
Grid-Tied Hybrid Systems
These systems are a popular choice. They include batteries to store your self-generated power, but they remain connected to the national grid. This means you can use your stored solar energy first, but if you need more power, the grid acts as a backup.
Independent Systems
Sometimes referred to as a “hybrid off-grid” system, this setup makes you the primary provider of your own power. The system is designed to be independent from the grid, using your own solar generation and battery storage as the main source of electricity. However, it can still connect to the grid if needed for backup or to charge the battery. This type of system is often the most affordable in terms of hardware, with costs being up to 75% less than other options.
Ultimately, the “best” solar setup depends on your specific needs. Do you want to reduce your bills as much as possible, or are you looking for a low-cost entry point? Do you want to be completely independent from the grid, or just have a reliable backup?
By understanding your priorities and the different options available, you can choose a system that provides the best value and the fastest ROI for your home.
At RenewSolar we have a wide range of hardware not seen on our website shop, but we offer consultations which can help you pick the correct hardware and move forward in energy independence, regardless of the budget, and you will find we are not here for the hard sell.
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