Why go solar?
Why invest in solar panels?
The advantages of owning solar panels are no longer just about caring for the environment. For homeowners it also represents viable cash savings.
The most daunting prospect when considering a solar panel installation is undeniably the initial price. But by choosing panels with Solar Panel PVT, homeowners can radically bring down this price. A full 4kw installation service with us cost less than £10,500. In comparison, the average small scale installation can set you back around £16,000! Better still, thanks to our MCS Accredited products and solar panel installers, you'll be able to make a return on your investment.
You receive payments for your investment!
Initiated by the UK Government, the Feed-in Tariff (FIT) scheme is a guaranteed way to obtain a pay back on a renewable installation. By having complete ownership of an MCS certified solar panel system you make yourself unrestricted to the advantages of this financial incentive. Participants of this scheme earn cash payments for the electricity they generate.
The payment (set by the tariff) currently stands at 21p per kilowatt hour as part of new revisions to the FIT.
The durations of the FIT spans 25 years. A profit can also be made by selling surplus electricity to the national grid. Additional earnings currently stand at 3.2p/kWh.
More details on the Feed-in Tariff rates can be found here.
Advantages of a domestic solar panel installation:
Solar panel ownership
Free electricity
Tariff payments
Potential profit
The ability to earn back the cost of the installation.
Disadvantage of a domestic solar panel installation:
Covering the initial installation cost.
No more electricity bills!
With a solar photovoltaic installation of your own, you’ll have access to free electricity permanently. Solar panels by Solar Panel PVT use bypass biode technology so they even work in the shade. With electricity bills ever-increasing it's a significant safeguard for homeowners in the UK.
Solar panels require very little maintenance and can be relied on all year round to generate electricity. And, because solar energy is a renewable it also means you're helping to reduce the nation’s carbon footprint.
Things to take into consideration:
Solar panels will yield more energy in the brighter summer months.
If trees grow and overshadow your panels they will need to be cut back.
By generating your own electricity you are protected from price hikes by suppliers.
Solar PV could add to the value of your home
Solar PV is a relatively new and rapidly growing technology in the UK. As a result, there are no official studies to show how much it could increase the value of your home. However, in 1999 the U.S. National Appraisal Institute publicised that the value of a home rises by approximately £10 for every £0.50 reduction in yearly utility bills.
Putting these calculations into prospective, a typical 1.8kWp solar panel system could add to the value of a house by around £4,000.
Why you should avoid free solar panel offers...
An increasing amount of companies, profit share schemes, energy providers and even supermarkets are now offering to cover the cost of a solar panel installation for consumers. While this can seem tempting, for the homeowner, it is a risky venture.
As part of these deals the company you sign up with will keep any earnings made under the FIT. Although the consumer is able to use the free electricity generated from the panels on their roof, the ownership of the solar panel system will belong to the company, typically for 10 - 25 years.
To complete such a contract, the homeowner is required to sign a legal agreement with the company, something which could lead to difficulties if you decide to sell your home. To benefit from all the advantages of solar PV it is recommended you possess full ownership of a solar panel system.