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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.

Tesla’s top-of-the-range battery storage system is still one of the most expensive on the market. It has a huge 13.5kWh usable capacity and can even keep you up and running during a power cut. But how long does a Tesla Powerwall battery last? And does this mean it’s worth investing in one?

The Tesla Powerwall 2.0 comes with a 10-year warranty. But Tesla says that it should last way beyond this – at least 5 years longer. The standard warranty says that it should work at 70% capacity for the full 10 years – so if it loses more than 30% of its storage capacity within that time, it should still be covered.

While the Tesla Powerwall does last a long time, it has a large capacity that most average households won’t require, and it’s a costly option. After installation, the Powerwall 2.0 will set you back between £6,500 and £9,000, so ideally you want it to last past its 10-year warranty.

Before you splash out, consider the size of the solar panel system you want to install or you already have. Will it generate enough electricity to make it worth storing in the Powerwall? If not, are you expecting to upgrade your solar panels to a larger system in the future? If you are, then it might be worth investing in a Powerwall. It might also be better to wait until you come to upgrade your solar panels – the solar battery price trend is going the same way as solar panels, so they will probably continue to decrease in price as more people adopt the technology.

Air source heat pumps work by taking heat from the air and using it to heat your home. They absorb heat from the air into a fluid, which then goes to a compressor where it gets hotter. This heat is then used to warm up water or air, which is distributed around your home.

First and foremost, you should know that heat pump is simply a device whose primary function is the transmission of thermal energy from one spot to the other. A good example can be found in the refrigerators whereby the evaporation as well as cooling of a liquid is incorporated to lower the storage compartment’s temperature. In recent times, this whole technology is utilized to draw the potential thermal energy present in the air outside and transmit it directly to the home or property where it’s going to be compressed and the heat transferred with the help of a number of coils. This is exactly what an air source heat pump does as it absorbs heat from the air and convert it into a higher temperature using a compressor. How the air source heat pump works is really simple, it’s just like a refrigerator but in reverse. Let’s take a look!

• The air source heat pump extracts heat present in the outside air into a liquid refrigerant at a reduced temperature.
• The pump then compresses the liquid to increase its temperature with the help of electricity. Once done, it then compresses it back to liquid so as to free the heat stored.
• The heat released is then directed to the radiators or under floor heating, while the ones left would be stored in the hot water cylinder.
• The hot water that’s stored can be used for showers, baths as well as taps.

Overall, the air source heat pump is an efficient way to make your home warm. It makes use of electricity to function, but it should consume lower electrical energy than the heat it generates.

Biomass boilers will work with existing central heating systems, presuming this is not decades old, whether they use radiators or under floor heating. A surveyor will check the existing system you have in place before quoting for or recommending a biomass boiler to you.

Whether solar panel batteries are worth it depends on how much you’re at home and how big your solar panel system is. If you’re at home most of the day and your solar panels only generate enough electricity for you to use while for that day, then a battery probably isn’t worth investing in. However, if you have a large system that generates more than you can use or you’re out most of the day, then solar panel batteries are definitely worth it.

A solar battery storage system works by storing the electricity that your solar panels generated until you need to use it. That’s why they’re great for people that are out all day – your solar panels generate electricity all day whilst the sun’s out, but no one’s home so you’re using minimal energy except for things like your fridge and any appliances on standby. Most of the electricity charges your solar panel battery. Then, when you get home, your battery will discharge, and you’ll use all the solar electricity that your panels generated during the day.

Solar batteries are also excellent for people with large solar panel systems that generate more than they use in the day. Any electricity that you don’t use during the day will charge the battery, so in the evening when the sun goes down, you’ll just use the excess electricity that’s stored in the battery.

To work out whether solar panel batteries are worth it for you, you’ll need to work out how much of your solar electricity you’re using already. If you’re at home and you’re able to run your appliances all while your solar panels are generating electricity, a battery might not be worth it. Also, if you’re receiving export payments from the Feed-in Tariff Scheme (FITs) or the Smart Export Guarantee (SEG), you might want to look at the rate you’re getting paid. If it’s a good rate, it might be more cost-effective to continue exporting unused electricity to the grid. Speak to an MCS-registered installer that will be able to help you work this out.

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.

Whether installing an air source heat pump will help you save money depends on your property, how long you expect to live there, and the type of heat pump you get.

Air source heat pumps are initially quite expensive to install. However, if you get an air-to-water air source heat pump, you’re eligible for money from the Renewable Heat Incentive [https://www.energysavingtrust.org.uk/scotland/grants-loans/renewables/renewable-heat-incentive] (RHI). This is a UK government scheme that gives you quarterly cash payments over seven years if you install an eligible renewable heating technology (air-to-air air source heat pumps aren’t included).

All this means that if you have long-term plans to stay in your property, then an air-to-water air source heat pump can be a great way to save money on your heating bills. However, if you’re planning on moving out of your property relatively soon, or are a considering an air-to-air air source heat pump, it may not be the best financial option for you.

It’s important to remember that air source heat pumps are at their most efficient when installed in very well insulated properties. If your property’s not very energy efficient, you may find that a heat pump won’t help you save money.