Solar thermal panel cost summary
Price range = £1,000 to £8,000
Average cost = £4,800
Cheapest price = £1,000
What are the benefits of a solar thermal panel system?
Solar thermal panels may cost quite a fair amount to initially install, but they carry with them the following benefits:
- Year-round hot water (though you may need a boiler/immersion heater during the winter)
- Savings on your fuel bills – once you have paid for the initial installation of the solar thermal panel system, the energy is free
- Reductions on your household carbon footprint as using solar energy for hot water is a renewable heating system
How much money will solar thermal panels save you?
According to the Energy Saving Trust, typical savings from a well-installed and properly used system are £55 per year when replacing gas heating and £80 per year when replacing electric immersion heating.
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