There are many reasons why homeowners go for solar energy, but improving the environment and cutting energy costs are the most common reasons people choose to change their primary energy source.
While Feed in Tariffs are coming to an end, the top-up source of income for solar panel owners in selling back un-used energy, solar power has never been so cost effective to install or generate a return on investment from.
Solar power is a great home efficiency upgrade and for home owners wanting to reduce their carbon footprint and is seen as the most sensible investment to make in improving your property’s value.
Motivations for adopting renewable energy sources may vary from pure economic through to environmental, here’s our list of the drivers of change in people buying solar panel systems.
Solar Panels Lower in Cost
The cost of solar panels arrays have halved in the last few years as volume has increased, technology has improved and the industry has become more efficient. Ten years ago systems were between £12,000 and £15,000 to install, improved systems today cost between £6,000 to £8,000 (for a 4KWp system). With a 25 years lifespan for the panels the ability for a good return on investment has never been better.
Making direct savings to your electrical bills by replacing bought electricity with electricity your panels generate, reduces your electricity bills. The Energy Saving Trust estimates a typical 4kWp system can knock up to £220/yr off a typical family home’s bill.
Savings depend on system size, electricity use, whether you’re at home during the day to use the energy you’re producing and other factors. If you can use more energy during the day when the panels are generating, you’ll save even more as you’ll need less electricity from the grid.
Insure against Rising Energy Costs.
Energy prices are one of the fastest rising costs everyone faces. In 2018a total of 57 price increases were announced, and despite a government cap, announced price rises for 2019 already show a 10% increase in energy costs from the main utility suppliers.
2019 Announced Energy Price Rises
|Supplier||Old price||New price||Difference (£)||Difference (%)||Effective from|
|Ofgem price cap||£1,137||£1,254||£117||10.0%||April 2018|
By investing in solar power you are insulating yourself against these price rises by installing your own power source.
Join The Green Revolution
While 10 years ago solar panels were a rarity, today they are the mainstream choice for home improvement. As we decarbonize our economy so solar panels, the primary source of home renewable energy become the standard feature people expect to see on homes.
With the green revolution of solar power now well underway, so clean energy cars are the next major shift in the market. For electric cars to be really green then you need to be generating green electricity to charge them, otherwise you are using carbon sourced electricity to power a green car. Going green starts with solar panels, a typical 4KW solar panel system replaces four tons of carbon emissions per year, the same as planting 100 trees annually.
Solar panels 20 years ago were about 6% efficient in transferring free solar energy into electricity, today they can be 21%. The majority of domestic solar panels are between 11% and 19% efficient. Monocrystalline panel systems range between 15% to 19% and polycrystalline solar panels are less efficient (and lower cost) at between 11% and 15%.
With the introduction of improved efficiency there has also been improvements in all the associated technologies most notably in inverters. Coupled with these improvements so developers have developed integrated battery technology systems to generate and store electricity. Innovative brands such as Prime Hybrid Energy have created an highly advanced integrated energy generation and management system supported by smart software which manages your electricity generation and storage enabling a home to be grid neutral for up to 8 months a year.
taking control of your energy sources and supply enables home owners to manage all their energy needs. The development of integrated smart homes and highly energy efficient electrical appliances enables owners to take ownership of every aspect of their energy usage allowing them to control and adapt their energy consumption.
Going green has never been so popular as customers now select smart AAA+ appliances which can be monitored, turned on and off and programmed to perform to meet people’s needs form their mobile phone or laptop. Being green is a powerful driver of consumer behaviour and one, which is increasingly important to customers decision making criteria.
If you are looking to install solar panel systems then contact Absolute Solar to learn more, or see our website for further details www.absolutesolar.co.uk
- Absolute Solar:
- Installers of solar panel arrays throughout the Midlands.
- Contact us on 0800 652 377 to book your appointment to learn more.