Are solar panels the answer for UK homeowners seeking to reduce their utility bills while making environmentally conscious choices? In this article, we will shine a light on the financial benefits of harnessing solar energy…
Adopting solar power to generate electricity for your home can be a game-changer for UK homeowners. From lower energy bills and protection against rising costs to environmental benefits and potential financial incentives, the advantages can be substantial.
If you are considering solar power, you need to calculate the long-term benefits and potential returns on investment, and this is just where a company like Dragonsbreathsolar.co.uk can really help with the very best advice.
Tap into renewable energy
Solar panels enable homeowners to use a renewable energy source: the sun. Unlike fossil fuels, which are finite and subject to price fluctuations, the sun’s energy is abundant and free. By converting sunlight into electricity, solar panels offer a reliable and sustainable power source that reduces your reliance on the power grid.
As energy costs tend to rise over time, homeowners using solar panels can enjoy some protection from these price hikes. By generating your own electricity, you become less exposed to fluctuations in energy prices, allowing you to plan and budget more effectively for the long term.
Benefit from a long-term investment
One of the most significant advantages of using solar panels is the potential for substantial savings on your electricity bills. An average-sized home solar system can reduce electricity bills by between 50 and 70%.
Another important consideration is the fact that solar panels are a long-term investment, so your calculations need to be made over an extended period of time. Brand-new solar panel systems typically come with warranties of around 20 years, and with proper maintenance, the panels can continue to operate efficiently for many more years.
Once your solar panel system has paid for itself, your savings increase dramatically as you will be generating free electricity for decades to come.
Storage can supercharge your savings
You can take your electricity savings to the next level by combining solar panels with a battery storage system. Being able to store any excess solar energy generated during the day, means you can take advantage of free electricity after dark. This can further reduce your dependence on the grid and potentially even eliminate your electricity costs.
While buying battery storage is an extra investment, advances in technology mean systems are getting cheaper all the time. Research by the National Renewable Energy Laboratory showed that installing battery storage alongside solar panels can boost energy savings by up to 90%.
Get paid for producing electricity
When your solar panels generate more electricity than you consume, you might choose to send the excess energy back into the grid for a fee. This effectively means your home becomes a power generator, earning you extra money which can further offset your long-term investment.
The original Feed-in Tariff (FIT) scheme closed to new applicants in April 2019, to be replaced by the Smart Export Guarantee (SEG). SEG rates vary, so you will need to check with your energy supplier.
Interested in solar panels?
If you have a question about solar panels, please get in touch today…
