Solar Panels

Solar Panels

On the face of it, solar panels might seem too good to be true. In a society where the cost of energy increases with every passing season, the opportunity to create your own electricity – and be paid for that which you create and feed back to the national grid – seems like an ideal opportunity. In many cases it is.

Why install solar?

Solar panels transform the suns rays into the electricity we need to run our homes, and sunlight is free. Therefore, once you’ve covered the cost of the initial installation you’ll see dramatic decreases in your energy bills.

Solar panels even produce some electricity on cloudy days because they don’t require full sunlight to work. This means they’ll work in a typically British climate – and you’ll see benefits even on dull winter days.

What are the benefits?

If you produce more electricity than you require, you can sell it back to the grid. This means you can use your panels as a source of income.

Your system can actually be used as a form of investment. The typical return after installation is around 9 percent, which is a fantastic rate when you consider other investments in the current climate. Even the best, long-term ISAs are only offering a 3 percent return.

Solar Panels

Beyond the financial benefits are those you’ll contribute to the environment. A solar panel system is a green form of energy, meaning it is a sustainable and renewable way to run your home. No CO2 is released in the creation of electricity after installation, so you can rest easy with a clear conscience that your system is clean and non-polluting.

The cost of solar panels

Solar panels boast an array of benefits – financially and for the environment – but what do they actually cost to install?

Prices vary based on the size but you’ll be pleased to know that the initial outlay for these systems is decreasing as the market grows and becomes more competitive. Nowadays, a typical system costs around £7,000.

The cost of solar panels

If you’re considering a system you should go about choosing a supplier as you would any other professional making changes to your home. Get a number of quotes for the systems – three should be sufficient – to find the best deal.

The efficiency of your system will be rated in terms of kilowatts peak (kWp), which relates to the rate the energy is generated at when running at full capacity – i.e. at noon on a sunny day. You’ll find the average system runs at 3.5 to 4kWp, but this can increase or decrease based on the size of your system and the direction the panels are facing.

The cost of solar panels

The best systems face due south with a tilt of 30-50 degrees and are unshaded by trees. These systems will generate around 2400kWh a year. A typical household uses around 4000kWh so you could easily generate half of your annual electricity.

Installing solar panels and a system is more than just a money saving exercise. It’s an investment into the future of our planet, providing a healthier, more sustainable life for our children.