Solar panels aren't new. The technology has been around for quite a long time. As all of us are well aware, burning fossil fuels to produce energy isn't doing the natural world much good and increasingly brings us into contact with politically unstable states. And so now could be the moment to perform your bit for your country and fit solar panels to generate electricity!

An electric solar panel uses photovoltaic or PV cells to turn the Sun's energy into electricity. The electricity can then run our lights and devices. A PV panel is constructed from crystalline silicon. Photons from the sun strike the silicon and electricity is generated using the photovoltaic effect.

I can really only think of 2 reasons for installing electric solar panels. This first one is economic and the other one is environmental. Some people install them for environmental reasons. But unless you're Prince Charles or James Lovelock, the majority of us will require a sound economic reason to trigger us in making the investment. Eventually, you may find that having solar panels fitted into your home might well increase it's value. The very next owners will certainly be saving money on their electricity bills.

So, we come to some of the benefits you may enjoy if you decide to put in and use electric solar panels. You can lower your electric bills by around 40% even in the UK.

Solar energy is environmentally friendly. It does not discharge any pollutants including carbon dioxide. Sleep better at night, smug in the warm glow that the contribution to the planet has afforded you. Theoretically, you can actually make some money from your panels by selling excess electricity back to the grid. The power companies are legally obliged to purchase this electricity at an inflated rate. Usually around 18p per KW. You are able to store extra energy in batteries and use them during rainy days or when needed.

Solar panels, correctly installed, will last for over 30 years. Of course, you can find a few things to consider. The solar panels are relatively heavy. You will want to make sure that your roof is robust enough to carry their weight. It is best to consult a construction specialist for proper structural assessment of your roof. You will want to ensure that you have a clear line of sight to the sun. i.e. no buildings, trees, or any structure will block the sunlight going to the panels. This is to capture the highest possible amount of sunlight to generate more electricity. Visit your local planning authority to check if you need permission to install electric solar panels.

The price of putting in an electric solar system differs and depends largely on their size. A typical 2.2 KW solar panel system is priced at about £12,000. The cost of electric solar panel systems per KW range from £4,000 to £8,000. The costs per KW will decrease as the system size increases. Generally speaking, you should see a return on your investment in around 10 years. So, maybe now it's the right time to think about installing some electric solar panels.