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Will I make money on solar panels?
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The
short answer is YES!
To get a more
detailed answer you need a survey from a solar energy engineer (
not a salesman ) so that a professional can assess your roof
and property direction in order that the very best placement of
solar panels can be achieved.
The more solar
panels you have, the more energy they harvest and the higher return
on your investment. If you compared any high interest savings account
with the return on investment of solar panels, you will see a higher
significant difference by harnessing energy, typically between around
9% to 12% subject to survey.
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Are solar panels a solid property investment ?
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The
short answer is YES!
Property buyers
make their buying decisions based on what elements they consider
to be most desirable.
If for instance
you have invested £25,000 on a loft conversion to create additional
room and a prospective buyer doesn't want or need that extra space
- the property isn't as desirable to them.
On the other
hand however if the buyer is genuinely looking to purchase an energy
efficient home without the big bills, or indeed the opportunity
to resell energy back to the main power supplier then you have a
very desirable property which will always easier to sell.
If the heir
to your estate will inherit your home, they are also inheriting
a future of much lower energy bills.
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Solar Energy
Explained ...in plain English
No fancy pictures, no complicated
charts, no waffle ...
If you are looking for simple
answers to straight forward questions about solar energy - here's a breath
of fresh air!
Domestic solar energy explained without a sales pitch, we'll tell you
what solar panels can do ...and what they can't.
We're called Hertfordshire Solar Panels for one reason; we are solar energy
engineers based in Herts and tend to cover all those areas that merge
into Hertfordshire; such as North London, Essex, Middlesex, Bedfordshire,
Buckinghamshire, Berkshire etc. ...pretty much within the M25.
Here are the most common frequently
asked questions;
What are
Photovoltaic Panels?
Do solar
panels require direct sunlight?
Do PV solar
panels heat water?
What about
clouds and cold weather?
The above questions
are all related and a combined answer can be given;
Photovoltaic ( PV)
panels harness solar energy and turns light into electricity.
Because PV panels
don't require direct sunlight, they work even in not so sunny Hertfordshire.
Believe it or not
PV solar panels operate better at colder temperatures. In fact they continue
to work even on cloudy days. Don't expect the same solar power under heavy
clouds though, the truth is they do produce less electricity.
Under a light overcast, the panels might produce about half as much as
they would under glorious sun levels, ranging down to as little as 5-10%
under dark overcast conditions.
PV solar power should
not be confused with 'thermal' solar power, which uses the sun's energy
to directly heat water.
Photovoltaic ( PV) panels do not directly heat water; instead, they produce
electricity directly from the light that falls on them. Then electricity
is produced and can of course be used to heat water.
Feel
free to call for free advice 01707 644068
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Can
I get a government grant for solar panels?
Despite
various marketing claims the Government
does not operate a cashback scheme or incentives such as direct
payments to home owners who install solar technology.
However
you can benefit from the Feed in Tariffs (FIT’s)
Feed in Tariffs became available in Great Britain in April
2010 and under this scheme your Energy Supplier has to make
regular payments to householders who generate their own electricity
from renewable sources such as solar energy.
Homeowners who install solar energy panels will benefit in
three ways.
1. Generation tariff – a set rate paid
by the energy supplier for the electricity you generate.
2. Export tariff - you will receive a further 3p/kWh
from your energy supplier for each unit you export back to
the electricity grid.
3. Energy bill savings – you will be making
savings on your electricity bills , because generating electricity
to power your appliances means you don’t have to buy
as much electricity from your energy supplier
The level of payment is linked to inflation and is also tax
free.
The government suggests that with a typical 2.5-kilowatt solar
installation, a homeowner could receive up to £900 cash
back and save about £140 a year on their electricity
bill.
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