Installing PV solar panels today
In a verbal exchange, the wisdom of adopting solar panels was brought into question!
Using my diplomatic skills, I summarised that both sides were correct. The question should have been: “Will installing solar panels on a home, be worth it?” Affordability is subjective of course, but installing a PV system shouldn’t be undertaken if it breaks the bank.
Many sign-up to finance deals to adopt solar technology – isn’t recommended. More traditional energy-saving measures should be pursued first.
The long-term benefits of solar technology are apparent in a world of escalating energy costs, but indictments at the expense of your short-term financial security isn’t recommended. Putting affordability aside, if you’re lucky enough to purchase outright, then I certainly wouldn’t class solar panels as a waste of money. With the PV export tariff incentive, the return-on-investment is better than high street banks.
Under these circumstances, spending money on a solar panel system is a smart way to put money to work.
I suspect this argument will end once the Generation Tariff cheques start landing. Setting aside pride, there are reasons to adopt, other than getting one over the neighbours.
Independence from the traditional high-cost expenditure is significant, but imagine if you could reduce your dependence on heating your hot water tank with solar panels.
Today, additional benefits like charging a car with PV. Can you imagine how much mileage costs you’d save by charging your car at the right time of day?
Harvesting power that bombards the roof every day, will be an astute move.
Especially as the operational life of a PV system is thirty to forty years.
If you’re not planning to stay put that long, it’s proven that selling with solar technology can demand a higher price, more likely to get the asking price and sell the property much sooner.
The super long life of this technology is what makes it a financial no-brainer.
Never consider installing solar technology as a waste of money.
If you’re still not convinced, then we have battery storage nowadays to sell you sunshine for nighttime use.
That’s the beauty of modern PV.
Dispute resolved!