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Factors Affecting Solar Panel Prices

Future Trends and Innovations

For most of the year (including the winter), UK weather is ideal for the efficiency of solar panels. Solar panels produce enough energy to power 33-51% of a home during the winter period. If you have a solar battery system, you could even store your excess electricity for a dark, wintery day and give that percentage a boost. 

Before determining whether solar panels align with your financial goals, it's important to research available incentives. The federal government currently offers a tax credit for solar installations, covering 26% of the total cost through 2022, with the percentage decreasing in subsequent years. Additionally, various states and local governments provide rebates, grants, and incentives to further reduce overall costs.

Additionally, studies have shown that north-east facing solar arrays can yield a relatively balanced energy output throughout the day, as they continue to receive sunlight even as the sun begins to set at the west. This characteristic can result in a more stable energy supply and may prove beneficial for energy storage systems that rely on consistent input for charging.