If you’re looking to start a renewable energy project, it’s good to have an idea of how much the work is likely to cost you. This will help you to work out the scale of installation that you can afford and what the best timeline is to carry out the work. We’ve created this guide to the costs of renewable energy installations to give you a rough idea of how much your project is likely to cost.
It’s vital to have a good idea of what type of renewable energy you want before you start getting quotes for the project. Which kind of renewable energy would you like to have on your property? How big is the scale of the installation? Consider the answers to these questions before you begin the project to save time spent getting quotes for work that you don’t need.
Decide on a budget
Have a detailed look at your financial situation and decide how much you can afford to spend. Remember to take into account any government grants or subsidies such as the Feed-in Tariff. You should also account for how much you are likely to save on your current energy bills. By doing this, you’ll have a good picture of how much you can afford to spend, and the likely return on investment you’ll generate.
Renewable energy prices can vary depending on the area of the country you’re in and the size of your property. The price will also be different among different kinds of renewable technologies, and the size of each installation. To get a rough idea of how much each costs, here’s our price guide for renewable energy:
|Type of Renewable Energy||Approx. cost|
|Solar thermal panels||£3000-£5000|
|1kW solar PV panels||£2500-£3000|
|2Kw solar PV panels||£3000-£4000|
|3kW solar PV panels||£4000-£6000|
|4kW solar PV panels||£6000-£8000|
|Air source heat pump||£7000-£11000|
|Ground source heat pump||£12000-£14000|
To get a good price for your renewable energy project, it’s a good idea to get a number of quotes. Compare the quotes and stay away from quotes that are particularly high or low. The amount of power you want and the specific situation of our property may affect these prices.
This renewable energy price guide should give you a good idea of how much your project is likely to cost. To get in touch with renewable energy pros, just fill in our online form. We’ll connect you with up to 4 local renewable energy companies.