The last few years have seen solar energy in full bloom. But is it as good as it seems? Do the numbers add up to neutralise the initial spend?
Energy experts on solar PV Cheshire say that investing in solar technology is not simply an environmentally friendly solution to power up homes. It is also a great way to save on energy costs and even earn a sum of money for the excessive energy one’s unit can produce. Could those savings and potential earnings make up for the thousands of pounds needed to integrate this renewable source of energy into your household? Let’s get the truth out.
How much solar panel systems cost?
Before you come to the part of calculating if the initial investment is worth it, you have to first determine if you can afford it. Switching to solar technology comes with a price. The installation cost of a solar panel system for an average home is between £6,000 to £7,000. That’s quite a long shot from the pricing in 2010. But still, it is a lot of money.
To make it easier for households to do the switch, state incentives and financing options are made available. With almost a 0% cash out upfront, the only thing homeowners need to do is to get into the project. Whether or not they can sustain the costs by enjoying the energy savings may be influenced by a lot of factors.
Is it worth it?
The production capacity of a solar panel system depends on various factors but mostly, it is all about the quality of the installation service. The proper placement of the panels where they can harvest as much sunlight to be converted into electricity somehow commands the number of earnings and savings a homeowner can enjoy.
As a general rule, solar panels must be installed in the south because that is where they can enjoy sunlight from sun up to sun down without blockage or shade. Preferably, they must be integrated into a horizontally pitched roofing system at around 30 to 45 degree angles.
Given that installation is done under ideal circumstances, the solar panel system can generate the electricity that the household needs to run, reducing the energy bills considerably. If there are any excesses from the production capacity, this is where the earnings come in.
Households can sell the extra energy their systems produce back into the grid, which may be matched with a price, depending on the scheme in effect. There are different guidelines from state to state. To know when you can maximise the value of your system, you have to obtain specific information about how it goes in your location.
How much can you can save or earn?
There is a potential saving and earning from having solar-harvesting photovoltaic panels installed. It may not be much or consistent throughout the year but switching to solar energy is worth it.
The primary benefits include reducing your home’s carbon footprint while cutting down your electricity bills. Then, there’s the fact that solar-powered homes are more valuable because they are the homes of the future.