Energy bills savings: Save £600 with solar panels and batteries | Personal Finance | Finance
“Hopefully now that the after effects of coronavirus are subsiding, we can see a return to deflation in the equipment prices.”
The batteries can charge and discharge several times a day, providing energy to the household during peak hours when it would be most expensive to buy from the grid.
Installing the solar panels and batteries typically costs £5,500 to £6,000, with payback period of between five and 10 years.
Consumers sometimes pay for the solar kit out of their savings, but Mr Thorsheim said banks may be willing to loan the money as well.
He said: “Banks are typically positive to this type of loan, because it’s a loan that is used to reduce your monthly bills.
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