Think about this: you flick on the kettle, and a jolt of electricity shoots up your bill. It seems every time you turn on a kitchen appliance, your bank account takes a hit. But what if there was a way to harness the free energy beaming down from the sun and slash your electricity bills? Well, for Norfolk homeowners, solar panels in Norfolk could be the answer.
While many websites focus on the environmental benefits of solar, let’s talk about the real reason most of us consider this switch: saving hard-earned cash. Here’s a breakdown of the financial perks and how you can maximize your return on investment (ROI) with solar panels in Norfolk.
Sunnier than You Think: Norfolk’s Solar Potential
One common misconception is that Norfolk, nestled on the east coast of England, doesn’t receive enough sunshine for solar panels in Norfolk to be effective. But fear not! A study by Otovo, a solar energy company, found that Norfolk enjoys a moderate amount of sunlight throughout the year. In fact, the study revealed that a typical 4.3 kWp system in Norfolk can generate an average of 4,145 kWh annually.
Let’s unpack what that means for your wallet. According to the Department for Business, Energy and Industrial Strategy (BEIS), the average household in the UK consumes roughly 3,200 kWh of electricity per year. With a 4.3 kWp system, you could potentially generate enough electricity to cover most of your household needs and potentially have some left over!
Here’s where things get even more exciting. By generating your own electricity, you’re not just saving money by using less National Grid-supplied power, you’re potentially earning from it too!
Double Dipping with the SEG Tariff
The Smart Export Guarantee (SEG) tariff is a government scheme that allows you to sell excess electricity your solar panels in Norfolk generate back to the National Grid. This means you’re not just saving money by using less National Grid-supplied electricity, you’re potentially earning from it too! The exact amount you earn depends on the energy supplier you choose, but the current SEG rates offer a compelling incentive, especially from Octopus Energy at the moment.
According to the latest figures from the Office of Gas and Electricity Markets (OFGEM), the average SEG payment rate sits around 5.2p per kWh. Taking our previous example of a 4.3 kWp system generating 4,145 kWh annually, if you were to sell all that excess back to the National Grid, you could potentially earn over £215 per year!
So, when you combine the potential bill savings from reduced National Grid reliance with the additional income from the SEG tariff, the financial benefits of solar power in Norfolk become even more attractive.
Beyond Panels: Maximizing Your Solar ROI
Finding a trustworthy installer with a proven track record is key to maximizing your return on investment. NXTGEN Energy, for instance, has helped numerous homeowners across Norfolk significantly reduce their electricity bills with top-tier solar panel installations.
But beyond the company you choose, there are additional ways to squeeze the most financial benefit from your solar PV system in Norfolk. Here’s one strategy to consider:
- Battery Storage: While it adds to the upfront cost, solar batteries allow you to store excess solar energy during the day and use it at night. This can significantly boost your self-consumption of solar energy, minimizing reliance on the National Grid and potentially maximizing your SEG tariff earnings.
So, Is Solar Power Right for You?
The answer is a resounding yes, especially when you consider the potential for significant cost savings on your electricity bills and the additional income from the SEG tariff. However, remember, maximizing your return on investment requires a well-designed solar panel system in Norfolk and potentially battery storage.
Ready to explore how solar panels can transform your home into a money-saving machine? Get in touch with NXTGEN Energy today and start crunching the numbers. Who knows, you might be surprised just how much you can save by harnessing the power of the sun!
Conclusion
Living in Norfolk, you should get solar panels for saving money on your energy bills, producing your own green power, and cutting down your carbon emissions.
Feeling ready to invest in Solar Panels in Norfolk? Want to learn more? Your best option is to talk to one of our friendly solar energy experts on 01268 928 690 or click on the ‘Enquire Now’ button below and we will help you find the right fit for your Essex home and budget. Remember we are both an MCS Certified PV (Panels) Installer and an MCS Certified Battery Storage Installer. MCS Certification is a mark of quality. Our membership of MCS demonstrates our strict adherence to these recognised industry standards; highlighting quality, competency and compliance.
NXTGEN Energy – Your Trusted Solar Energy Partner 💚
FAQs: Solar Panels in Norfolk
Absolutely! While some might think Norfolk isn’t sunny enough, a study by Otovo found that a typical system in Norfolk can generate over 4,145 kWh annually. That’s enough to cover most of a household’s needs!
The potential savings are significant. A typical system in Norfolk could generate enough electricity to significantly reduce your reliance on the National Grid, potentially saving you around £950 per year on electricity bills.
Yes! The SEG tariff allows you to sell excess electricity your panels generate back to the National Grid. With current rates around 5.2p per kWh, you could earn over £215 per year selling excess electricity.
The initial cost can be a barrier, but when you factor in the potential bill savings and SEG earnings, solar panels can pay for themselves over time. Plus, there are government incentives like the Energy Saving Trust grant that can help offset the upfront cost.
Battery storage allows you to store excess solar energy for use at night. While it adds to the upfront cost, batteries can maximize your self-consumption of solar energy, potentially boosting your SEG earnings and further reducing reliance on the National Grid.
Great! Contact a reputable solar panel installer like NXTGEN Energy for a free quote and to discuss your specific needs. They can help you design a system that maximizes your return on investment. Remember, the more sunlight your roof receives, the more energy your panels can generate, so don’t be discouraged if your garden isn’t south-facing!
Latest Solar Panel Posts
- What is Agrivoltaics or Agrivoltaic Farming?
🌱 On an agrivoltaic farm, crops are planted and cultivated underneath and around the solar panels. 🌱 Studies have shown that solar panels installed above farm crops can generate 10% more electricity. 🌱 Leafy greens, root vegetables, and berries work well for agrivoltaic farming using solar panels. Solar panels are becoming more affordable, which opens up lots of… Read more: What is Agrivoltaics or Agrivoltaic Farming? - Solar Panels in Dorset. Are they worth it?
Think about this: you wake up to a crisp Dorset morning, the gentle sea breeze whispers through your windows, and best of all, you check your smartphone to see the numbers on your electricity bill plummet – all thanks to the sunshine on your roof! Intriguing, right? Well, this dream can be a reality with… Read more: Solar Panels in Dorset. Are they worth it? - Solar Panels for Park Homes
Park homes in the UK are increasingly becoming a popular housing choice, offering flexibility & affordability to homeowners. With a focus on sustainability and renewable energy, the integration of solar panels on park homes presents a promising solution to reduce energy costs and environmental impact. This blog post delves into the benefits of solar panels… Read more: Solar Panels for Park Homes - Solar Panels in Hampshire. Are they worth it?
Remember that blissful feeling when you used to barely glance at your electricity bill? Those days might seem like a distant memory, but here’s some good news for homeowners in Hampshire: solar panels in Hampshire can be your sunshine on a cloudy day (financially speaking, that is). We’re talking about significant savings on your energy… Read more: Solar Panels in Hampshire. Are they worth it? - Solar Panels in Cambridgeshire. Are they worth it?
Think about this for a second: you wake up to a crisp Cambridgeshire morning, sunlight streaming through your windows. But beyond that warm glow, there’s another benefit – your roof is silently generating electricity, slashing your bills and putting money back in your pocket. Sounds pretty good, right? Well, that’s the reality solar panels can… Read more: Solar Panels in Cambridgeshire. Are they worth it? - Solar Panels in Hertfordshire. Are they worth it?
Imagine this: you wake up in the morning, brew a cup of tea using electricity your house generated, and check the weather app. It’s another bright Hertfordshire day, perfect for those solar panels gleaming on your roof. Not only are you sipping your tea guilt-free (because renewable energy!), but you’re also quietly smug because you’re… Read more: Solar Panels in Hertfordshire. Are they worth it? - Mobile Home Solar Panels in the UK
Mobile homes in the UK are increasingly becoming a popular housing choice, offering flexibility and affordability to homeowners. With a focus on sustainability and renewable energy, the integration of solar panels on mobile homes or tiny houses presents a promising solution to reduce energy costs and environmental impact. This blog post delves into the benefits… Read more: Mobile Home Solar Panels in the UK - Solar Panels in Suffolk. Are they worth it?
Remember that childhood dream of building a treehouse and living off the grid in Suffolk? Well, ditch the flimsy fort – solar panels in Suffolk might be the key to a more affordable and sustainable reality. But are they worth it for your Suffolk home? Let’s dive into the numbers and see if sunshine can… Read more: Solar Panels in Suffolk. Are they worth it? - Best SEG Tariffs/SEG Rates in June 2024
☀️ Energy companies offer the best SEG rates to their own customers ☀️ The highest SEG rate pays 40p per kWh – if you meet the qualifying conditions ☀️ The best no-strings SEG tariff available to non-customers pays 12p per kWh In June 2024, the best SEG tariffs and SEG rates are those that offer… Read more: Best SEG Tariffs/SEG Rates in June 2024 - Solar Panels in Norfolk. Are they worth it?
Think about this: you flick on the kettle, and a jolt of electricity shoots up your bill. It seems every time you turn on a kitchen appliance, your bank account takes a hit. But what if there was a way to harness the free energy beaming down from the sun and slash your electricity bills?… Read more: Solar Panels in Norfolk. Are they worth it? - Do solar panels increase home value in the UK?
☀️ Solar panels could possibly increase your home’s value by up to 14%☀️ 69% of people looking for property would buy or rent a home with solar panels☀️ Solar panels can improve your property’s EPC score, making it more desirable Thinking about going solar? It’s a smart move! Not only do solar panels slash those… Read more: Do solar panels increase home value in the UK? - Solar Panels in London. Are they worth it?
Think about this for a minute: you wake up to a gloriously sunny day in London. Perfect for a stroll in the park, right? But what if that sunshine could do more than brighten your mood – what if it could brighten your wallet too? With solar panels in London, that’s exactly what can happen.… Read more: Solar Panels in London. Are they worth it?