Are Solar Panels a Good Investment?
Posted on the 5th June
With the introduction of the Feed-In Tariffs (FITs) scheme, the installation of solar panels has been transformed from an expensive purchase to a worthwhile, affordable investment. However, many home and business owners are still unsure about the savings and benefits that can be unlocked through solar panel installation. Here we explore whether solar panels are a good investment for your property…
The benefits of solar technology
There are countless benefits of installing solar PV to convert sunlight into electricity or solar thermal panels to convert sunlight into energy to heat water, and for many households that have undergone installation these advantages are something that they can now not live without. These benefits include:
• Lower electricity bills
• Increased income from energy fed back into the grid via the Feed-In Tariffs scheme
• Reduced carbon footprint with the average solar PV system saving two tonnes of carbon dioxide a year
How much can I really save?
With energy bills constantly on the up, solar panel installation has given homeowners and business owners a chance to slash costs and save money all year round. But how much can the average household really save with solar PV or solar thermal panels?
Depending on annual performance, a solar PV system can not only provide all the electricity for your home free of charge, but leftover energy can be fed back into the National Grid to generate a further £770 per year. Solar thermal panels can also be an effective energy saving solution and these cut your gas bill by up to 10%, with many families reporting free hot water all summer.
There statistics are based on the average system’s ability to generate around 3,700 kilowatt hours of electricity per year.
How will solar panel installation affect the value of my property?
In recent years, with the introduction of the Green Deal and Feed-In Tariffs scheme, solar panels have proved a profitable investment for homeowners, with more and more buyers favouring properties that can generate their own electricity. A recent study revealed that homebuyers in the UK are willing to pay up to 33% more for a greener property so investing in solar panel installation now could just line your pockets in the future.
In addition to this, homes that qualify for the Feed-In Tariffs scheme can transfer the scheme to the new owner when the property is sold to unlock long term savings for generations to come.
To find out how you can save and earn money through solar panel installation, contact us today on 0800 211 8090 or email firstname.lastname@example.org.
Posted in Solar PV
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