Solar Panels - Home Installation: Is It Worth It?

Energy prices are always on the up and at the moment interest rates are going down in the opposite direction.  However there are other choices which you can make to reduce these energy prices and stay green at the same time. You can use natural energy and thus reduce your carbon footprint. Another bonus is installing solar panels will also increase the resell value of your house.

Solar energy is not new technology and has been around for a long time. However the best time to switch is now. It used to be thought that solar panel installation was not worth it as it can take as long as 100 years to get the capital back from the cost of installation. However, recent government approaches to natural and alternative sources of energy have changed and the payback time can be as little as just seven years.

Instalec are a solar panel installer. They are based in Luton Bedfordshire and provide a calculator which allows you to check how much you could save or even make each year based on your current energy consumption and the payback time. You will earn every KWH of electricity you produce and you will be saving on your bills as you will be using your own energy. The money you will earn and save this way is tax free. Here are some numbers using the calculator which will give an idea about the solar PV installation.

Based on a a pair of.35KW PV put in:

Your earning each year £1155.74

Energy generated annually 2017KW

Energy you may use annually 2017KW

Feed in tariff earning 2017 kilowatt X forty three.3p = £873.36

Save on bills 2017 kilowatt X 14p = £282.38

Total savings each year is £1155.74

Typical price of putting in a pair of.35 kilowatt solar array is £9550

Payback time is eight.26 years

This financial gain is secure for twenty five years. Therefore in twenty five years your total earning are around £28893.

* Figures supported roof facing south with thirty degrees and no shadow.

As mentioned before, the government can pay on your generated energy for twenty five years. By that point you will have invested money into your bank and are contributing to sustainable energy.

As you can see solar panel installation can be worthwhile. There is no shortage of solar energy from our sun and it is still the most sustainable and particle source of renewable energy for powering your homes at the current moment.

Author Bio

If you require solar panel installation in yor house, office or even your backyard shed then contact an electrical engineer or contractor straight away. Instalec electricians are a professional and a trusted electrician force. Call now on 01582 402455 or head to http://1ainstalec.co.uk/