Solar Panel Installation in Lytham St Annes

How Long Do Solar Panels Last?

As an alternative form of energy, solar panels are becoming increasingly popular all thanks to a wide range of benefits it provides. It does not produce any emission which makes it greener and more environmentally friendly, it requires little maintenance and are less likely to break down, they also come with warranty that are always quite long mainly because of the life expectancy of the average solar panel amongst many other advantages. Therefore, if you’re considering to purchase and install new solar panels within your home, you’d also probably want to know the time period in which they’re expected to last. In this article, we aim to help you answer this question so you can make an informed decision going ahead.

As a result of the rising energy bills as well as the desire to be greener, solar panels are becoming increasingly popular by the day in the UK. The most recent models of solar panels in the market possesses an expected lifespan of 40 to 50 years as well as warranties that keeps them protected for a minimum of half of that period. These warranties also serves as a guarantee to the solar panel’s level of performance over the first half of their lifespan. Several warranties will guarantee that the performance will not go below 80 percent before the warranty lapses. And even more importantly, some solar panels are crafted in such a way that they wouldn’t drop below 80 percent performance level throughout their lives.

However, in order to derive maximum benefits from your solar panels for a long period, there’s a need to ensure they’re properly maintained at least once a year throughout their lifespan.

The more you’re at home during the day, the more you can save on your electricity bill, since solar panels generate electricity during the day. The Feed-in Tariff scheme (FITs) ended in March 2019, but the new Smart Export Guarantee (SEG) pays you, via your energy supplier, for the electricity you export back to the grid. With the savings involved in generating your own electricity and SEG payments, you can expect to save up to £390 per year on your electricity bill.

Solar panels provide an alternative to paying expensive National Grid energy rates, so primarily their first major benefit is helping to reduce bills. Solar PV panels will produce free electricity, whilst solar thermal panels generate heat for hot water and space heating. There are also payment incentives known as the Feed-in Tariff scheme (FITs) (for solar PV) and the Renewable Heat Incentive (for solar thermal) which guarantee a tax-free income for 20 years.

Solar panels are a great source of energy with numerous benefits that comes with it. However, the main thing that puts off most homeowners or potential buyers is the fact that the equipment are usually very expensive. So if you’re planning to purchase solar panels to be installed in your home, then you’d probably want to know if it’s actually worth the investment or otherwise. In this article, we aim to give you a good insight into how solar panels works and if its a viable investment.

Generally, the length of time it will take for your solar panels to payback and whether you’ll be able to make money from them will be based on the following factors:

✓ The solar panel PV system’s cost.

✓ The amount of the generated electricity that you’re able to use.

✓ Whether as well as the amount you’re paid to the electricity you’re able to generate and export.

To know whether your solar panels are truly worth it, then a higher initial cost to fit the system will require to be settled with the amount you’re able to save through the use of the renewable electricity it produces, rather than making purchases from your electricity company. In other words, the more renewable energy you’re able to use, the more savings you make. If you’re registered for the FIT and paid per kWh of electricity produced, for 50 percent of that, which is assumed to be exported to the grid. Therefore, if you’re able to use more than 50 percent, you’ll be able to benefit from the investment.