Home > Benefits of Solar Panels
Solar Panels pay for themselvesA solar electric (PV) system for an average house costs between £5054 -£11,738. The new feed-in tariffs are projected to give you an annual tax free return of 6-8% on that investment for a 25 year period and a break even time of less than 10 years. Great. And if you don't want the upfront sum but like the follow-on benefits of solar, then a Free Solar System could be just right for you.
Home improvements can be a pain to live through. Solar PV isn't like that. It usually only takes a day to install, and this mostly happens outside on the roof. Even the power supply is only broken for a a few minutes whilst the new connections are made.
When you begin to generate your own solar power, your electricity bill will drop. How much depends on how and when you use electricity (including putting washing machines on timers so that they work during the day when your electricity is free). If you are a 'medium user' (3300 kWh/yr), with a 2.5kWp PV system, you could cut your bill by a third.
Savings are likely to increase over time. The average energy bill for a typical home more than doubled over the past 5 years. With solar PV, you'll be protected from some of this increase by being partly self-sufficient.
If your roof is south facing then it could be making you money!
35% of Energy Saving Trust's 2009 survey said they would be willing to pay more for a home where some of their energy supply came from renewable resources, and this is likely to increase as energy prices continue to rise; almost half said would like to know if their home is suitable for renewable energy systems.
Solar power is a 'clean' energy resource and it's not going anywhere. An average solar PV system will replace 'dirty' fuel sources and save around 20% of a home's carbon footprint per year (around 1000kg CO2).