Solar heating gives you an opportunity to reduce your fuel bills by harnessing a natural source rather than paying the grid for gas and electricity. The sun’s rays are collected by systems installed on the roof of properties and converted to heat, which then feeds your central heating.
But what are the actual savings and earnings achievable by investing in solar thermal panels for your home? Take a look at our guide below to assessing how much you’ll make.
Savings
Everyone wants to reduce their energy bills. The media continues to report on rising prices and many homeowners can do little more than watch their bills increase. But there are ways to end your reliance on the grid and solar thermal panels offer a way to do precisely that.
The Energy Saving Trust first suggests insulating your home adequately before installing solar panels. What would be the point in producing free energy only for it to be lost through a non-insulated roof? There are several ways you can look to improve insulation, with loft lagging, double glazing and wall cavity insulation popular measures.
And the EST says that with the insulation in place you can save nearly £100 a year by installing solar heating panels on your roof. Of course, savings will be individual so it’s best to speak to your installer to calculate a more accurate amount for you.
It’s not just in a financial sense that you’ll be saving either and with solar heating you can help the environment by reducing CO2 emissions. In fact, as much as 500kg of carbon dioxide can be cut each year by switching from electric heating.
Earnings
Because of Government schemes to promote renewables, you can now earn too, providing an excellent return on investment for homeowners. This is with the Renewable Heat Incentive (RHI) scheme and pays for each unit of renewable heat you produce.
With the RHI scheme you can earn hundreds of pounds each year, cutting the amount of time it’ll take to payback your initial investment.
There is also the chance to receive £600 off the installation cost of solar heating panels, with the Renewable Heat Premium Payment (RHPP). This grant has recently been doubled and will only be available for a short time, so make sure to install your system quickly to make the most of this offer.
Facts & Figures You’ll Love To Share
- [tweetable alt=””]Solar thermal panels generate heat for your home, reducing bills by between £55 and £80 a year.[/tweetable]
- [tweetable alt=””]Did you know your heating accounts for 60% of your energy bills? Solar panels can help to slash your expenses.[/tweetable]
- [tweetable alt=””]Lucrative Government incentives ensure you’re paid hundreds of pounds every year for the renewable heat your system produces.[/tweetable]
- [tweetable alt=””]You can receive a grant worth up to £600 off the installation of solar thermal panels with the RHPP scheme.[/tweetable]
- [tweetable alt=””]Solar thermal panels offer an escape from the rising price of grid gas and electricity and will secure your energy future.[/tweetable]