Nowadays solar panels present an opportunity to save and earn an absolute fortune. Put simply, there are big bucks to be made.
With solar you can enjoy cheaper electricity bills as they generate their own power and you’ll also be able to earn off of the Government’s Renewable Heat Incentive.
What you want to know though is if solar panels are right for your home. luckily for you, we’ve compiled a short, helpful guide so you can get your head around the idea of producing your own power with solar.
Solar panel guide
A lot of people think of solar and question how effective it could be. After all, we’re not lucky enough to have Mediterranean weather throughout the year. But the truth is, solar doesn’t actually need sun. Instead, it’s natural daylight which powers the system.
Where are solar panels installed?
Solar panels are typically fitted to rooftops and experts advise that you have a south facing roof to benefit. Southeast and southwest roofs will also be effective. Always choose an MCS accredited company as this proves they’re trained for the job and ensures you receive Government payments.
What is the feed-in tariff?
The feed-in tariff is a Government scheme aimed at supporting those with solar panels and other renewable technology. Once installed by an MCS company, you’ll receive a set payment worth hundreds of pounds every year for two decades.
Electricity savings
Of course, as well as the feed-in tariff you’ll also be making a saving on your bills. Rather than paying for National Grid energy, you’ll produce your own power and knock off up to £125 every year from your bills.
How much are solar panels?
The good news is that solar panels are now significantly cheaper than they were a few years ago. Now a system would cost as little as £4,000, meaning you can repay the investment in under 10 years because of all the savings and earnings you’ll benefit from.
Am I entitled to free solar panels?
There are some schemes around whereby you can have solar fitted for free, and receive the savings off your bills. However, you won’t receive the feed-in tariff payments, which is the main reason for investing. Plus, you’ll enter into a long term agreement with the company ad may struggle to sell your home in the future.
Facts & Figures You’ll Love To Share
- With solar PV you’ll generate free electricity whilst earning a lucrative earning with the Government’s feed-in tariff.
- Solar thermal panels help to heat hot water and benefit from the Renewable Heat Incentive payment for seven years.
- Solar panels will last for 25 years and more, providing decades of savings and earnings and helping to avoid the National Grid rates.
- Energy prices have doubled since 2004 and solar panels offer an escape from the clutches of the UK’s large energy suppliers.