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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.

There are a few factors that will determine whether it’s worth getting a solar battery. They involve how much electricity you use, how often you’re at home and whether you receive any export payments.

To work out whether it’s worth getting a solar battery, you need to work out how much of the electricity you generate you’re using already. If you’re able to run all your appliances during the day while your solar panels generate electricity, then it sounds like you’re already using your electricity well. It might not be worth you getting a solar battery in this case.

However, if you’re not at home for a lot of the day, then you’ll be missing out on the electricity your panels are generating while the sun’s shining. If you install a solar battery system, you can store the electricity that your panels generate in the battery and use it when you get home. This will help you cut your electricity bills even further.

You’ll also need to consider whether you’re getting paid to export your electricity. If you’re on the Feed-in Tariff scheme (FITs) or receive payments from the Smart Export Guarantee (SEG), you’ll get paid for every unit of electricity you export to the National Grid. Before you decide whether it’s worth getting a solar battery, you’ll need to weigh up whether you’d be better off carrying on exporting your unused electricity rather than storing it to use yourself. If you’re unsure, visit the Energy Saving Trust’s website or speak to an MCS-registered installer who will be able to help you work out which is more cost-effective.

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.

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.

Solar PV panels work by converting sunlight into electricity. They’re made up of photovoltaic cells, which take in the sun’s rays and turn it into direct current (DC) electricity. The current is then channelled into an inverter, which converts it to alternating current (AC).

Once converted to AC, the electricity is ready to use. It’s fed through a meter and into your property’s consumer unit, and is automatically used to power appliances and heating systems. Your system will automatically switch between your solar electricity supply and the national grid, and export any solar electricity you don’t use to the national grid.

The lifetime of a solar panel depends on its quality and age. Generally, the older a solar panel gets, the less efficient it becomes. The majority of modern solar panels come with 20-30 year warranties, which means that they’ll stay at a good efficiency level for at least this long. Some panels can stay efficient for as long as 40 years, while others won’t last this long.

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.