Solar Panel Installation in Penmaenmawr

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.

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.

Solar cells , also referred to as photovoltaic cells (PV), absorbs energy from the sun and converts it to generate electricity. This, however, should not be confused with photovoltaic thermal cells or PVT which operates to generate heat for water in homes. Solar cells are linked electrically and also carefully organized into a large frame which is popularly called solar panels. Generally, solar cells are produced or made of silicon semi conductors which works to absorb sunlight and then turn it into electricity for use at a home. A solar panel comprises of either 60 or 72 solar cells which are electrically interconnected in series and parallel and also positioned in between glass and plastic which is then framed.

At present, solar panels incorporated for residential or domestic purposes only possesses the capacity to make use of only about 20 percent of the sunlight they’re able to absorb and convert it to electricity - also called solar efficiency. Available in the market are also a wide range of solar cell available for both industrial and commercial purposes. This type of solar panels have an efficiency rating of about 40 percent which will also automatically make them more costly than the domestic types.

One great thing about the solar industry is the fact that it keeps improving in such a way that raises both its efficiency as well as overall quality. And with further research and development, this is expected to even increase as the years go by. What’s more? As these aspects keep rising, it’s also expected that the solar panels price should be on a decrease. That way, they’ll become available to a wider range of individuals who’ll also like to save money on electricity bills and go greener.

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.