Find a Solar Panel Installer you can trust in Bala.

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.

It’s vital to purchase a solar panel system that suits your property. If you’re investing in a solar panel system, it makes the most financial sense to get the biggest one possible. However, whether you can do this or not depends on budget and space.

Here’s an idea of how much roof or ground space you’ll need to install a few different sizes of commercial solar panel system.

Solar panel system size, No. of solar panels, Approximate area required

11kW, 44, 64m²

20kW, 80, 116m²

30kW, 120, 173m²

40kW, 160, 231m²

50kW, 200, 288m²

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.

How Much To Install Solar Panels And Battery?

Are you thinking about installing solar panels and battery in your home and wondering how much the installation is going to cost? Well, you’re not alone. This is one of the most commonly asked questions in the solar world, but unfortunately a precise answer can not be provided. This is mainly due to the fact that solar panel systems come in varying sizes which is the main influencing factor that determines how much electricity that can be generated. In other words, the larger the system, the more the electricity that’ll be produced to your home’s benefit.

Generally, for a solar system size of 1kW, the average cost of the solar panel ranges between £1800 to £1850, 2kW is between £3600 to £3700, solar panel size of 3kW ranges between £5500 to £5600 and finally, 4kW is between £6000 to £6050. For example, with the aforementioned prices in mind, the cost of solar panels for a standard 3 bedroom house will range between £5520 to £6040 as the high electricity demands will need the installation of 3 to 4kW solar system size.

Meanwhile the installation cost of solar batteries is also dependent on a number of influencing factors like the size as well as the make of the battery. Generally, you can expect to spend within the range of £500 to £2000 to install your batteries depending on aforementioned factors. In the event whereby you’ll be retrofitting, you might also need to include an additional cost of £1000 for an inverter. However, it’s important to note that there are only quite a few hybrid systems which are able to combine a battery storage with an inverter.

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.