Solar Panel Installation in Ravenglass

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.

Solar panels provide an alternative to paying expensive National Grid energy rates, so primarily their first major benefit is helping to reduce bills. Solar PV panels will produce free electricity, whilst solar thermal panels generate heat for hot water and space heating. There are also payment incentives known as the Feed-in Tariff scheme (FITs) (for solar PV) and the Renewable Heat Incentive (for solar thermal) which guarantee a tax-free income for 20 years.

When you’re about to transform from the standard electricity to solar energy, what determines your solar system’s size is the amount of solar that’s required. The amount of solar that you’ll need, on the other hand, requires considering the end goal, be it to increase money savings, reduce environmental contamination, maximize Returns On Investment ( ROI), or just to copy what the neighbour’s done.

In order the determine the number of solar panels that is needed, the first step would be to calculate the number of kWhs that’s currently being used. A kWh is what’s used to determine the amount of energy that has been incorporated over time which the utility uses to bill you. What’s strongly recommended to create a suitable range is a 6 to 12 months average of your household electricity bill. Other factors that can play a key role in the determination of the number of solar panel needed include the following:

✓ Sunlight exposure hours. In order to know just how much energy your solar panels will generate, there’s a need to know the number of direct sunlight hours you should expect on a daily basis. For example if you stay in a region that’s usually very sunny, then it’ll be reasonable to expect more energy production per panel than regions that are usually cloudy.

✓ Angle and size of the roof. Roofs with a lot of workable space may require to let go of some efficiency opting for larger and cost effective panels to achieve the targeted energy. However not all homeowners have sufficient roof space or shade coverage for the solar panel they actually want. Also, the degree at which the roof slants will also determine if the sunlight is hitting the panels well enough and the amount of energy that can be generated thereof.

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.