Find a Solar Panel Installer you can trust in Salcombe.

Solar panels can be pretty expensive, so require an initial investment. However, a quality solar panel installation can be very financially beneficial, saving you money in the long run. It does this in two main ways.

Firstly, using electricity generated by your solar panels means that you have to use less power from the national grid. Once you’ve bought your solar panels, your solar electricity is essentially free, meaning that you’re saving money by using this instead of power supplied by your energy company. If you want to maximise these savings, invest in a solar battery so you can store unused solar electricity ready for when you need it.

You can also earn money with your commercial solar panels through the Smart Export Guarantee [https://solar-panels.quotatis.co.uk/smart-export-guarantee/]. This is a government scheme that says that all licenced energy suppliers with 150,000 customers or more have to offer a tariff to renewable energy generators. When you generate solar electricity but don’t use it immediately it gets fed back to the grid – the tariff pays you for every kWh of this.

At the moment there’s no minimum tariff that an energy company has to offer – it only has to be above zero. However, many energy companies are competing to offer the best deal, so you can definitely find a tariff that will pay you for all the unused solar electricity you generate.

One of the things that has been on the UK government’s agenda for some time now is to promote the use of renewable energy sources. In fact, the Renewable Energy Directive put out by the EU instructs all member countries to achieve a 20 percent renewable target before the year 2020. The UK’s commitment to this objective has been made quite glaring with a number of funding options that has been put in place to help business owners looking to solar panels on their properties. This commitment was also showcased by a reduction in the cost of solar panels, so new investors have little to worry about. Although there aren’t any grants in the conventional sense, but there are opportunities for solar panel funding in the UK. At present, the only scheme open to new applications is the SEG - Smart Export Guarantee which came into effect on 1st January, 2020.

In general, there are four notable incentives in the UK for solar panels which includes the aforementioned Smart Export Guarantee, Reduced VAT on Energy Saving Products, Feed-in Tariff ( no longer open to new applications ), as well as the Renewable Heat Incentive ( RHI - applies only to solar water heating ).

Being the only one still open to new applications, we’ll provide you with some insights on SEG. The Smart Export Guarantee allows small scale low-carbon electricity generators to receive payments for surplus energy they’re able to export back to the grid. Although, this is not a direct government scheme, all licensed suppliers are necessitated to offer an export tariff to their customers. Those suppliers with more than 150,000 customers are obligated to offer a tariff, while the suppliers with fewer customers can partake on a voluntary basis.

Asides from the fact that solar energy can be converted into electricity with the help of solar panels, there’s also another pretty cool way the sun’s power can be harnessed - solar thermal technologies. These technologies are able to convert sunlight into heat rather than power and these are in fact the very first solar energy products that were commercialized in the United Kingdom. Solar thermal panels, in a similar way to solar PVs, can help in minimizing your carbon footprint while also assisting you to save good money on your energy bills by providing the much needed coverage for your heating needs with the help of a renewable energy source that’s totally free.

Solar thermal panels provides some great benefits which is capable of making all homeowners in the UK consider installing one in their respective homes. Let’s take a closer look at these benefits.

✓ When compared to solar PV panels, they’re a more affordable heating option and also have a shorter payback period.

✓ Solar thermal panels are more efficient than PV panels due to the fact that the heat waves are able to hold more energy than sunlight and also because there’s no electricity transformation process.

✓ Solar thermal panels are able to operate in cold climates, strong wind as well as overcast weather, and make use of an energy storage system.

✓ They can help you save about 600kg of carbon dioxide emissions on an annual basis.

✓ Although most of the solar thermal panel systems come with a warranty usually within the range of 5 to 10 years, they’re able to last up to 25 years. What’s more? The require just a little maintenance, meaning the main cost you’d have to worry about is the cost of installation.

In theory, you can fit solar panels yourself. In practice, it’s worth leaving it up to the professionals.

If you get DIY solar panels and install them on your roof yourself, you won’t be able to apply for the government-backed Smart Export Guarantee (SEG). The SEG pays you for every unit of electricity you generate and send back to the grid, so it’s a scheme well worth signing up for. However, you must have your solar panels installed by a Microgeneration Certification Scheme (MCS)-registered engineer or company, so you’ll miss out if you install the solar panels by yourself.

The other thing to consider about installing solar panels yourself is that you’re dealing with electricity. Electricity is extremely dangerous if handled incorrectly, so if you don’t have any qualifications in working with electricity you could be putting yourself and your family at risk. Connecting DIY solar panels yourself and doing it incorrectly could mean that you give yourself an electric shock or cause a fire. If your home is damaged due to a fire caused by solar panels you’ve installed yourself, it’s unlikely that your home insurance company would pay out.

Before having a go at installing your own solar panels, do some quick sums to see how much money it could really save you. A 3.5kW DIY solar panel kit will cost around £4,000-5,000. According to the Energy Saving Trust, a home in the South East of England where most occupants are out all day until 6pm would save around £100 a year on their electricity bills. That means that you wouldn’t break even until 40 years, but solar panels last around 25 years on average. However, if you have your solar panels installed by an MCS-registered installer and they cost £4,500, you could save £220 a year including your SEG payments. That brings the payback time to around 20 years.

So although the initial outlay is slightly less when you install solar panels yourself, it’s much better to have them installed by an MCS-registered engineer so you can take advantage of the SEG payments.