As electricity bills are going through the roof, many people are questioning the greener, more self-sustainable options, in hope of a reduction in their energy costs. One of these options is solar panels. Within this blog, there will be a discussion regarding the benefits of solar panels and how much they could potentially save you, leading to the final question: if solar panels are worth it or not?
The Energy Saving Trust once said, “Sunlight is free, so once you’ve paid for the initial installation, your electricity costs will be reduced.”
What are the benefits?
One of the key, well-known benefits of solar panels is that they produce electricity through the energy from the sun. Some may then ask how you power your home on a cloudy day, or at night. Well, it’s simple. Like many electrical products, solar panels have batteries, stored somewhere in your home, in the garage, attic, etc. This battery will store any power that you haven’t used throughout the day.
Your next question then might be: what happens to the battery when it’s full? Well, that’s simple, the energy you’ve collected will go back to the grid, where you’ll be paid depending on the number of units they’ve received. Therefore, you’ll be saving money on your electricity, by collecting your own, and you have a chance to be paid for the energy you haven’t used.
Other benefits are:
- Electricity all year round
- Reduce your carbon footprint
- Increase your property’s market value
How much can solar panels save you?
Andrew Capstick said on MoneySavingExpert that solar panel “maths” is “getting better”, they aren’t “as lucrative as they once were”. The price for installing solar panels has reduced over the years, but with the dramatic increase in energy costs, “generating solar power and using it yourself gives a far bigger saving now than it used to”.
As mentioned before, the biggest gain comes from “using what you generate” – Capstick illustrated that you could save up to £440 a year on your bills. Based on our knowledge from Energy Saving Trust estimates, “which we’ve added an uplift to, to update for the energy bills spike”, a typical household with a 3.5kWp system could reduce their bills by £170 to £440 a year.
Therefore, all the information supplied suggests there are plenty of positives. Although it has been highlighted that this is a long-term investment, you will be saving money, making money, and reducing your carbon footprint, if you were to install solar panels.
If you’re interested in getting solar panels installed, visit our website and get in touch with us today about our solar panel installation services.
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