Solar PV Panels can be an exciting addition to any property, both having financial incentives, and huge environmental benefits. To ensure you receive a great deal on your solar panel installation, below we highlight what you need to know about solar photovoltaic panels.
What are Solar Photovoltaic Panels?
Solar Photovoltaic Panels are the solar panels that produce electricity. They work by generating across semiconducting materials when exposed to sunlight. Solar Thermal Panels are the other popular form of solar panel, but unlike solar PV, these panels do not produce electricity, but instead use the suns energy to heat water.
Solar Photovoltaic Panels often come with a 25 year warranty, and can last more than 50 years, making them a great investment as they produce a lot of free renewable electricity over their lifespan. When considering solar PV panels, you may find it interesting to know that the further south in the UK you live, the more power your system will generate.
Solar Photovoltaic Panels are the UK’s leading form of domestic renewable electricity. A lot of people may discount solar panels for their property due to the British climate, but you may be interested to know that solar panels work whenever there is daylight, so will produce energy even when it is cloudy.
Solar Photovoltaic Panel Requirements:
There are a few important requirements that you must consider to decide whether solar PV panels are a good fit for you and your property. First of all, can you afford the initial outlay cost of solar photovoltaic panels, which is often between £4,000-6000. If you do not have the savings, you can always opt for a free solar panel scheme, and benefit from free renewable electricity.
It is essential that your roof can support the additional weight of the solar panels, and that it won’t effect your property insurance. Additional installation rules apply to listed buildings and homes within conservation or heritage sites, so it is important to check with your council if your property is in these categories.
To make solar panel installation simpler for property owners, solar photovoltaic panels are a ‘permitted development’. This means that you do not require planning permission to have them installed, which speeds up the installation process.
What you need to know about Solar Photovoltaic Panels
Solar Photovoltaic Panels are a great investment that have environmental benefits, reducing your reliance on fossil fuels and cutting your carbon footprint, as well as providing lucrative financial returns. With solar PV panels, you can cut your electricity bills, and thanks for the government backed feed-in tariff (FIT) scheme, you can make a fixed rate for every unit of electricity your system generates, even if you use the power yourself! If you have an energy efficient house, you can make additional profits with the export tariff, which pays a bonus rate for every unit of electricity you put back in to the grid.
The main downside of solar panels is that they do not work at night, when there is no sunlight, but this can easily be overcome with the use of batteries, which can store the power generated during the day, for use in the evenings.
How much money can you make from Solar Photovoltaic Panels?
Thanks to the government backed feed in tariff scheme, you can make a handsome profit from your solar photovoltaic panel installation. An average sized 3kW system will generate a combined saving and profit of over £600 per year. To receive the highest FIT rate, it is important that your house has an energy efficiency rating (EPC) of D or above. Systems smaller than 4kW also receive a slightly better rate than larger systems. The feed in tariff scheme is locked in for 20 years, meaning that you will receive the payments for 20 years from your installation date. Solar panels often last 50+ years, meaning that the electricity savings will extend well in to the future.
Your location in the UK will also influence how much money your solar PV panels will make each year, as systems further South have higher energy yields, and thus receive more money from the feed-in tariff scheme.
The government is considering reducing the feed-in tariff scheme rates quite significantly, so if you are considering solar panel installation, you should act fast to beat the reduction. We can help you find a great priced solar panel installer in your local area – request a quote.