Home solar panels are a perfect way to reduce your own energy bills and protect you from the rising prices of National Grid gas and electricity. What do we mean by this?
Well, since 2004 the annual energy bill has doubled for consumers in the UK and you will probably be paying over £1,300 each year on fuel. Even worse news, is this trend of increasing fuel prices is set to continue. In fact, experts suggest that your bills will double once again by the time 2020 rolls around.
So what can you do to minimise the effect of rising fuel prices?
The answer is simple: turn to renewable technology and install home solar panels. Solar is the fastest growing source of energy in the UK and thousands of homeowners now have systems mounted on their rooftop.
Solar PV generates free electricity by harnessing the sun’s natural energy, which means one thing. You won’t be paying the grid for power used in the home. Effectively, with home solar panels you can slash your energy bills for 25 years and more.
And it’s not just this incentive that ensures solar power makes sense. The Government are keen support installations around the country and to prove this, launched the feed-in tariff scheme in April 2010. The scheme pays out for every unit of renewable electricity you produce, no matter if it’s used in the home or sold to the National Grid.
The tariff guarantees payments for 20 years and is tax-free. With current rates you should expect to earn over £500 each year for two decades, which goes a long way to providing a solid return on investment. When coupled with savings on electricity bills, you have a large savings and earnings potential.
And there are still even more benefits with home solar panels. Worried that the energy you produce will go to waste because you work during the day? Well you don’t have to be, because if you don’t personally use the electricity, it’ll be shipped to the grid and you’ll be paid for this too. The rate for energy exported stands at 4.5p/kWh.
Although not a financial saving, you’ll also become environmentally friendly with home solar panels, by reducing the amount of carbon emissions released into the atmosphere. Carbon is produced from the burning of fossil fuels, whilst with solar panels you’ll be using a natural energy source. Essentially you can cut your expenses and help the planet simultaneously.
Facts & Figures You’ll Love To Share
- [tweetable alt=””]Solar panels are now priced at a record low, providing an excellent return on investment for every buyer.[/tweetable]
- [tweetable alt=””]The feed-in tariff scheme will help homeowners earn over £500 annually with solar panels.[/tweetable]
- [tweetable alt=””]Solar panels will help to reduce your yearly electricity bills by over £100, providing over two decades of savings.[/tweetable]
- [tweetable alt=””]The generous export tariff ensures no electricity is wasted as it’s sold to the National Grid for a set price.[/tweetable]
- [tweetable alt=””]As gas and electricity prices continue to increase year-on-year, solar panels offer a way to guarantee your energy future.[/tweetable]