MulveySelph95
Aus Salespoint
Solar power panels For your house - Costs and Earnings
All across the globe people are being hit with rapidly increasing costs of just living. For many, this which makes it ever harder to make payments and then any method to cut down on the monthly and yearly outgoings is welcomed with open arms. One area that many people are taking a look at is the purchase of renewable energy sources such as solar power panels and solar heating.
The draw of solar electricity is very alluring, because of the ability to save a considerable amount of money, but simultaneously, save more than one tonne of carbon dioxide emissions each year. Just how much do they actually cost? There are a variety of things you need to take into consideration when purchasing solar panels for your home in order to know whether they will prove to be a solid investment.
Types of solar energy
There are a number of kinds of panel, the most typical being photovoltaic and solar heating. The difference is that solar heating is used for directly heating the water way to obtain the home while using sunrrrs heat and solar PV uses the sun's energy to produce electricity for that residence (or business). We are focusing on this second kind of solar energy within this assessment of costs and savings.
PV means photovoltaic, and therefore when the rays of the sun fall on the solar photovoltaic module, a particular voltage is generated.
Among the foremost disadvantages of solar electricity originates from the pure nature from the source of energy - since the sun only shines during the day, this is the only time that electricity will be produced. Furthermore, electricity cannot be stored - it must be used when it's generated, and therefore if there is no demand for the electricity, it goes down the sink.
Fortunately, in the UK, the Feed in Tariff, a scheme introduced by the government, allows other homeowners attached to the national grid to make use of the excess electricity produced and in reward, owners get a tax free income each year.
How much do you need to invest?
Obviously, the cost of an installation is dependent on how big your installation, which itself is dependent on a number of things:
? The surface section of roof suitable for solar power use.
? Your time usage needs.
? Your budget
You benefit from greater affordability on the larger system thanks to economies of scale, but a large system may become very expensive very quickly. The normal solar panel installation on a UK house is approximately 3kWp and can cost around ?8000 - ?10,000 (including VAT at the rate of 5%). Be sure to get quotes from a number of installers though, because prices can vary quite widely. A 3kWp system will save you around ?70 each year on your household bills and stop around one tonne of carbon dioxide emissions every year.
How much can I earn with the Enter Tariff?
By installing solar panels you are not only doing all of your part for that environment and saving in your electricity bills, but you may also earn an income every year for 25 years, thanks to the government's feed in tariff. The feed in tariff was introduced as a means of rewarding homeowners who sell unused electricity back to the national grid, in order that it may be used by other properties. Under the current rate, an average solar power installation would earn the owner around ?600 each year in Enter Tariff payments.
In the event you take advantage of 'free solar panels' offers?
Clearly there are many advantages to installing solar power panels on your home, but let's say you cannot afford the large energy production? Some companies provide a 'free solar panels' service, which at face value seems very enticing. The catch would be that the company takes the enter tariff payments and you get the advantage of cheaper power bills. So, if you fail to pay the initial investment, free solar power panels are probably a great addition to your home. For those who have enough cash to invest however, it's a far better investment to buy the solar panels yourself and earn a nice tax-free income over the following Two-and-a-half decades.
