WellerFay684
Aus Salespoint
Solar power panels For your house - Costs and Earnings
All across the globe people are being hit with rapidly increasing costs of living. For some, this making it ever harder to create ends meet and then any way to reduce the monthly and yearly outgoings is welcomed with open arms. One area that lots of individuals are looking at may be the investment in alternative energy for example solar panels and solar heating.
The draw of solar electricity is very alluring, because of the ability to save a great deal of money, but simultaneously, save more than one tonne of carbon dioxide emissions every year. So how much do they actually cost? There are a number of things you need to take into consideration when choosing solar panels for your home to be able to know whether they will prove to be a solid investment.
Types of solar power
There are a variety of types of panel, the most common being solar PV and solar heating. The main difference is that solar heating is used for directly heating the water supply of the home using the heat from the sun and solar PV uses solar energy to produce electricity for the residence (or business). We will be concentrating on this second type of solar power within this assessment of costs and savings.
PV stands for photovoltaic, meaning that when the sun's rays fall on the solar photovoltaic module, a certain voltage is generated.
One of the foremost disadvantages of solar electricity comes from the pure nature of the source of energy - because 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 is generated, and therefore if there is no interest in the electricity, then it will go to waste.
Fortunately, in the united kingdom, the Enter Tariff, a scheme introduced by the government, allows other homeowners connected to the national grid to use the surplus electricity produced as well as in reward, the owners receive a tax free income each year.
How much must you invest?
Obviously, the cost of an installation relies upon how big your installation, which itself is dependent on a number of things:
? The top area of roof suitable for solar power use.
? Your energy usage needs.
? Your financial allowance
You take advantage of greater value for money on a larger system because of economies of scale, but a sizable system may become very expensive quickly. The typical solar panel installation on a UK house is approximately 3kWp and can cost around ?8000 - ?10,000 (including VAT in the rate of 5%). Be sure to get quotes from the number of installers though, because prices can vary quite widely. A 3kWp system will save you around ?70 per year in your household bills and stop around one tonne of co2 emissions every year.
How much can one earn with the Enter Tariff?
By installing solar power panels you are not only doing your part for the environment and saving on your power bills, however, you may also generate income every year for Two-and-a-half decades, 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 panel installation would earn the owner around ?600 each year in Enter Tariff payments.
In the event you make the most of 'free solar panels' offers?
Clearly there are lots of benefits of installing solar panels on your home, but let's say you can't afford the large energy production? Some companies offer a 'free solar panels' service, which at face value seems very enticing. The catch would be that the company takes the feed in tariff payments and also you get the advantage of cheaper power bills. So, if you fail to afford the energy production, free solar panels are probably an excellent addition to your home. For those who have enough cash to spend however, it's a far better investment to purchase the solar panels yourself and earn a pleasant tax-free income over the following Two-and-a-half decades.
