Solar Panels are a good investment

With current investment products such as pensions, ISA’s and saving accounts giving such a low return, investors are looking for other ways to increase their savings.

One way to do this is by investing in Solar panels. Solar panels are a great way to help the environment, generate income, and reduce your electricity bill.

How Does It Work

Solar electricity works by installing sonar panels on your buildings roof. These photovoltaic (PV) cells capture the sun’s rays and store them and use them to run appliances and lighting. These PV cells are made out of semiconducting material, usually silicon, which react to sunlight causing an electronic charge which then coverts the sunlight into electricity.

Solar panels are measured in kilowatt peak (kWp). This is the amount of electricity that is generated in full sunlight.

Will Solar Panels work For Me

The most important factors are:-

Do you have adequate sunlight to make the most out of solar panels – You will need a south facing building, that is not shadowed by trees or buildings, if your building is in shadow for certain amounts of the day you will generate less electricity.

Do you have a strong enough roof? – In order to install solar panels on your roof you will need a strong roof as solar panels are not light. If you’re not sure ask your installer.

Do you need planning permission? – If you are based in England, Scotland, Ireland or Wales, you will not need planning permission for solar panels if they are below a certain size. However always check with your local authority.

The Benefits Of Solar Panels

Good for The Environment – Solar panels can help cut down on your carbon footprint and can actually help reduce co2 released into the atmosphere. In over 25 years you could had reduced your carbon footprint by 25 tonnes.

Cut Your Electricity Bill - Because sunlight is FREE, you can easily reduce your electricity bill with solar panels. Once you have paid the initial outlay for installation of the panels you will find that solar pv can actually produce around 40% of the electricity needed for your home.

Sell Electricity Back To The Grid – That’s right you can make money from having solar panels installed on your property. For the unused electricity generated from the panels you can sell back the energy to the grid and get paid for doing so.

Feed in Tariffs

Feed in Tariffs or clean energy cash back, are an incentive from the government to make sure you are rewarded for using solar panel energy. Basically you are rewarded for the amount of electricity you make which is then sold back to the government for a set amount. This feed in tariff has been guaranteed for 25 years.

So if you interested in improving your property energy performance thus raising the value of your home, reducing your electricity bill and getting paid on a continual process with a feed in tariff then solar panels are a sound investment.