How much could you save on your electricity bill with solar panels?

In the face of rising energy costs, coupled with increasing commitments for reduced carbon emissions, many households are turning renewable sources of energy to help become more efficient and less vulnerable to fluctuating energy prices from suppliers. 

One option that is rising in popularity is the installation of solar panels and battery storage, with installations across the UK up by 62% in the first half of 2023. And, given the savings possible when using solar power to generate electricity for your home, it's not hard to see why. 

How much could you save with solar panels?

Adding solar panels to your home is a great option to become less dependent on the national grid, and generate your own renewable electricity. This not only helps to reduce your carbon footprint, but can also make big savings on your electricity bill, especially when combined with battery storage. Depending on factors such as the type of home you live in, number of people who live there, size and number of panels you have installed, and the position of the panels, you could save over £1,000 a year on your electricity bill!

_{*Indicative savings based on a roof-mounted system with a slope of 30 degrees, south-facing at an azimuth of 180 degrees}

Keep reading to find out more about the potential savings for different home types, with and without battery storage. 

Detached house

On a detached house, you could save up to £943 a year on your electricity bill by installing solar panels. Plus, if you add battery storage to the system, the potential saving increases by an extra 16% to a £1,096 a year - that's saving more than the average annual electricity bill for a home this size!

Semi-detached house

Installing solar panels on a semi-detached house could save you almost 75% on your annual electricity bill. With the addition of battery storage, this saving increases by an extra 18%, reducing your electricity bill by £936 a year.

Bungalow

If you live in a bungalow, adding solar panels to your home could reduce your electricity bill by almost £650 a year. And if you add battery storage, the yearly savings increase to £777 - over 70% of the average electricity bill for a home this size.

Terraced house

For those living in a terraced house, you could save up to £498 a year on your electricity bill by installing solar panels. With the addition of battery storage, the saving increases by over 20% to £610 per year.

Are solar batteries worth it? 

It may be tempting to avoid the additional cost of adding battery storage to your solar panel system, however, the increased efficiency of the system with the benefit of battery storage makes it more than worthwhile investing in! Looking at potential electricity bill savings for systems with and without battery storage, on average you're looking at an extra saving of almost 20% on your annual electricity bill - making it well worth the additional investment!