Every year, our cost of living rises – and this is a fact of which many of us are aware. Energy bills rise from year to year, for instance, and if you aren’t careful, your energy and utility bills could very well be a significant expense in the years to come. But there is some good news on the horizon – there are now more renewable energy sources available to the ordinary household in the UK, one of which is solar power. Solar power is renewable since the energy you get is from the sun, and it’s a sustainable source of energy as well. There are more and more reasons why consumers are investing in solar panel systems, and so should you. If you are still debating whether to invest in a solar installation or not, here are the true benefits of solar panels you didn’t know about.
· Help you save on your bills
As already mentioned, energy bills are rising as our sources of energy dwindle at the same time. But the same isn’t true with solar power – it’s energy that is virtually endless since the energy comes from the sun. When you install a solar PV system in your UK home, one of the most obvious and instant benefits is savings on your energy bills. The more energy you produce with your solar panel installation, the less energy you have to buy from your provider, and this can give you savings of as much as 50% every year.
· Earn extra money via the Tariff system
The government has come up with the popular Feed-In Tariff scheme, which allows you to earn extra money when you produce more energy than your household needs. Of course, your installation needs to qualify for the scheme first, but one of the best ways you can be eligible is if your solar PV installation is done by an installer who is accredited with the MCS, such as installers like Atlantic Renewables who are well known for their expertise in solar panels in Manchester and the surrounding areas. Payments from the Feed-In Tariff are made by the government every quarter andare based on every kilowatt-hour of energy you sell back to the grid. The Feed-In Tariff is calculated on a yearly basis as well, depending on the Retail Price Index or RPI.
· A cheaper investment today
There was a time when solar panel installations were quite a significant investment, but the same isn’t the case today. Today, thanks to more manufacturers and producers and installers competing against each other to provide more competitive prices, homeowners and consumers can take advantage of much lower prices for a standard solar PV installation or system. You’ll be glad to know that compared to just a few years ago, the cost of a typical installation has already gone down by as much as 50%.
· Increase the value of your property
If you would like to sell your home or property in the future, potential buyers will consider a solar panel installation a good feature; it definitely adds value to your property, so you can sell it for a better price if and when the time comes.