Investing in photovoltaic solar panels
Investing in PV solar panels (photovoltaic) can be daunting for many homeowners. Looking back over the last two decades, we see energy prices doubling with more price hikes projected. This alone explains why solar panel technology is a positive thing.
The financial benefits of installing a PV solar system in the United Kingdom consider it as a home improvement and future energy investment. Only Ten percent of solar adopters are installing for environmental reasons. Most people look at solar panels once the financial figures are shown.
Money spent on PV solar panels can get the equivalent of between 8-12 percent with the generation tariff and supplementary savings on bills. Domestic solar panel investments should be paid off in about seven to ten years with an additional twenty-five years of free power and income.
No-one gets a good return-on-investment when buying a new car. Maybe, consider a solar panel installation instead?
The financial returns on solar panels are so good that they had to quickly change the tariff scheme to exclude larger-scale solar farms. At that time, this would have financially drained the scheme that was primarily designed for householders. Today, the generation tariffs are at a level that both domestic and commercial use is common.
The realisation that we’ll all be paying premium prices for energy means the initial outlay for a solar panel installation will seem less of an issue as the year’s pass.
“Yes, but we live in the UK, so solar panels don’t work in our climate.”, they say.
Well, Sweden, a country in more northern latitudes than the United Kingdom, has a healthy solar panel adoption rate too, I reply. The UK reached 1 million solar-powered homes with Germany reaching 10% recently.
Photovoltaic solar panels are the fastest growing technology in the world at the moment, because they’re clean, reliable, and are a readily available alternative to the status quo. I’m personally delighted that solar-tech has finally come of age with battery storage capabilities. Experienced solar installers with world-adopting accreditation give people assurance and peace of mind.
Feedback from the earliest solar adopters is always positive.