Solar Panel Installation in Exeter

Not only will you reduce your electricity bill by generating your own electricity with solar panels, but you can also earn money through the SEG which is offered by large energy suppliers. They’ll pay you for the electricity you export back to the grid. You’ll also reduce your carbon footprint, lessening your impact on the environment.

Solar panels are a great source of energy with numerous benefits that comes with it. However, the main thing that puts off most homeowners or potential buyers is the fact that the equipment are usually very expensive. So if you’re planning to purchase solar panels to be installed in your home, then you’d probably want to know if it’s actually worth the investment or otherwise. In this article, we aim to give you a good insight into how solar panels works and if its a viable investment.

Generally, the length of time it will take for your solar panels to payback and whether you’ll be able to make money from them will be based on the following factors:

✓ The solar panel PV system’s cost.

✓ The amount of the generated electricity that you’re able to use.

✓ Whether as well as the amount you’re paid to the electricity you’re able to generate and export.

To know whether your solar panels are truly worth it, then a higher initial cost to fit the system will require to be settled with the amount you’re able to save through the use of the renewable electricity it produces, rather than making purchases from your electricity company. In other words, the more renewable energy you’re able to use, the more savings you make. If you’re registered for the FIT and paid per kWh of electricity produced, for 50 percent of that, which is assumed to be exported to the grid. Therefore, if you’re able to use more than 50 percent, you’ll be able to benefit from the investment.

If you’re looking to purchase and install a solar system for your home or property, then knowing the amount of energy a solar panel can produce can go a long way to help you determine just how much solar panels that’ll be needed to power your entire house. In this article, we’ll give you an idea of the amount of energy that can be generated by a solar panel to help you make informed decisions going ahead.

First and foremost, you should note that each and every solar panel is rated by how much direct current power they’re able to generate under standard testing conditions. The output of a solar panel is given in watts units (W) and it stands for the theoretical power generation of the panel under direct sunlight as well as temperature conditions. Generally, several domestic solar panels possesses power output ratings which ranges from 250 watts to 400 watts. And as you would have expected, the higher power ratings are preferable when compared to the lower power ratings. What’s more? The total wattage of your solar panels will greatly influence a major part of your overall solar system cost.

Assuming you’re able to get just about 5 hours of direct sunlight every day, you can determine the output of your solar panel in this way - 5 hours x 290 watts ( wattage example of a premium solar panel) = 1450 watts-hours or approximately 1.5 kilowatts per hour (kWh). hence, the individual solar panel output in your array should be able to generate about 500 to 550 kWh of energy every year. This is sufficient energy to power some small appliances without problems.

The more you’re at home during the day, the more you can save on your electricity bill, since solar panels generate electricity during the day. The Feed-in Tariff scheme (FITs) ended in March 2019, but the new Smart Export Guarantee (SEG) pays you, via your energy supplier, for the electricity you export back to the grid. With the savings involved in generating your own electricity and SEG payments, you can expect to save up to £390 per year on your electricity bill.