Solar Electricity Cost Formula:
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This calculator helps estimate the total cost of solar electricity in the UK, including both energy costs and installation expenses. It provides a comprehensive view of solar investment costs.
The calculator uses the following formula:
Where:
Explanation: The calculation separates the ongoing energy costs from the one-time installation costs to provide both short-term and long-term cost perspectives.
Details: Accurate cost estimation is crucial for evaluating solar investment returns, comparing with traditional electricity costs, and planning household budgets.
Tips:
Q1: What's the average cost per kWh for solar in the UK?
A: Solar electricity typically costs 8-12p/kWh, compared to 28-34p/kWh from the grid (2023 prices).
Q2: How long does solar panel installation take?
A: Most residential installations take 1-3 days, depending on system size and complexity.
Q3: Are there government incentives for solar in the UK?
A: While the Feed-in Tariff has ended, the Smart Export Guarantee (SEG) pays for excess energy exported to the grid.
Q4: What factors affect solar panel installation costs?
A: Roof size/type, system capacity, panel quality, and location all impact installation costs.
Q5: How long until solar panels pay for themselves?
A: Typically 10-15 years in the UK, depending on energy usage, system size, and electricity prices.