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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 install a solar thermal system in your home, this is usually one of the first concerns several homeowners have. Being fully aware that solar water heating systems are usually more expensive than their counterparts - the conventional water heating systems, the question arises whether or not you’ll be able to save some money from your solar water heating system in the long run. In this article, we aim provide an answer to this important question. Let’s take a closer look!

When it comes to solar thermal systems, the money you’ll be able to save in the long run depends on a wide range of factors. These factor includes:

✓ Your system’s performance.

✓ Your geographical location and solar resource

✓ Your household’s hot water demand

✓ Financing and incentive options that are available.

✓ The cost of fuel that’s being used for your alternative or backup water heating system, if you own one.

✓ The cost of conventional fuels such as oil, electricity or natural gas.

There are several benefits, however, that comes with the installation of a solar water heating system. Since the sun is absolutely free, future fuel shortages and price hikes will have little impact on you. Also, on the average if you decide to fit a solar thermal system your water heating bills is expected to drop about 50 percent to 80 percent. What’s more? The economics are even a lot more attractive when you’re just about to build a new home or refinancing. When you include the price of a solar water system in a 30 year mortgage, it’ll normally amount to very low price per month. Therefore, on a monthly basis you’ll be saving more and paying less.

When people think about heat pumps, they’ll automatically have the believe that a swimming pool will require a big heat pump. Since the swimming pool has a large volume of water, then warming such a volume will require a large ground source heat pump because that volume is much larger than the normal domestic hot water tank, right? Well, that point of reasoning does seem logical especially with the information almost everywhere that ground source heat pumps are usually less efficient when it comes to heating hot water for home’s use. However, the fact is there are also some things to put into consideration that also works in favour of the ground source heat pump.

First and foremost, you should know your domestic hot water will typically be heated to a much higher temperature when compared to your swimming pool. Since you wouldn’t be using the water to disinfect your bathroom or doing your dishes in your swimming pool, then the temperature can be much lower. In fact, it’s much more comfortable and enjoyable to heat to a typical “swimming pool temperature than having it at a hot bath temperature. If you’ve ever wandered into a really hot swimming pool, you wouldn’t need any introduction to the painful discomfort that comes next.

As a result of this low temperature, your “tiny heat pump can operate a in a more efficient way which makes the use of ground source heat pumps a viable swimming pool heating option. What’s more? The ground source heat pump works for a swimming pool just like any any other application - moving the heat from the region of a warmer temperature to the cooler temperature region.

Biomass boilers can be designed to work with other kinds of heating. The most common of these is solar thermal. This is a popular renewable energy pairing. Solar thermal heating will meet your hot water needs during the summer while a biomass boiler can operate as a backup during the winter when solar thermal panels do not perform as well.

If you’re thinking about installing a solar thermal system in your house, it’s always important to put into consideration numerous factors before you proceed. While some solar thermal systems are suitable for use at home, there are also some that are suitable for businesses or organizations which normally requires a big amount of hot water like hotels, restaurants, schools, hospitals and many more. You’ll also find some types available in the market that are suitable for communities to satisfy communal hot water demands.

It should, however, be noted that solar thermal systems do not have the capacity to produce all the hot water demand of a house. In the UK, an average household will need an annual water heating of between 3000kWh to 5000kWh. Whereas, a solar thermal system is only able to meet about 40 percent to 60 percent of this demand.

With that in mind, it’s also worth noting that during the summer months when the solar radiation is at its peak and hot water demand is relatively lower when compared to other seasons, a solar thermal system may be able to provide all of your household’s hot water needs. This implies that during this period you may not find the need to operate your boiler at all. However, during winter or colder months, when you have a higher hot water demands in contrary to a lower solar radiation, a solar thermal system will only be able to take care of about 20 percent of your household’s hot water needs. And that ultimately implies that during this period, you’ll need to rely more on a alternative or backup source of heat like gas, coal, electricity, oil or LPG.

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.

It may be hard to believe with the summers we have in the UK, but there is more than enough sunlight to power solar panels. Solar PV (photovoltaic) panels operate in daylight, rather than needing direct rays from the sun so they’ll work throughout the year.