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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.

If you’re looking to install a solar thermal system in your home, this is usually one of the first concerns several homeowners have. Being fully aware that solar water heating systems are usually more expensive than their counterparts - the conventional water heating systems, the question arises whether or not you’ll be able to save some money from your solar water heating system in the long run. In this article, we aim provide an answer to this important question. Let’s take a closer look!

When it comes to solar thermal systems, the money you’ll be able to save in the long run depends on a wide range of factors. These factor includes:

✓ Your system’s performance.

✓ Your geographical location and solar resource

✓ Your household’s hot water demand

✓ Financing and incentive options that are available.

✓ The cost of fuel that’s being used for your alternative or backup water heating system, if you own one.

✓ The cost of conventional fuels such as oil, electricity or natural gas.

There are several benefits, however, that comes with the installation of a solar water heating system. Since the sun is absolutely free, future fuel shortages and price hikes will have little impact on you. Also, on the average if you decide to fit a solar thermal system your water heating bills is expected to drop about 50 percent to 80 percent. What’s more? The economics are even a lot more attractive when you’re just about to build a new home or refinancing. When you include the price of a solar water system in a 30 year mortgage, it’ll normally amount to very low price per month. Therefore, on a monthly basis you’ll be saving more and paying less.

When you’re about to transform from the standard electricity to solar energy, what determines your solar system’s size is the amount of solar that’s required. The amount of solar that you’ll need, on the other hand, requires considering the end goal, be it to increase money savings, reduce environmental contamination, maximize Returns On Investment ( ROI), or just to copy what the neighbour’s done.

In order the determine the number of solar panels that is needed, the first step would be to calculate the number of kWhs that’s currently being used. A kWh is what’s used to determine the amount of energy that has been incorporated over time which the utility uses to bill you. What’s strongly recommended to create a suitable range is a 6 to 12 months average of your household electricity bill. Other factors that can play a key role in the determination of the number of solar panel needed include the following:

✓ Sunlight exposure hours. In order to know just how much energy your solar panels will generate, there’s a need to know the number of direct sunlight hours you should expect on a daily basis. For example if you stay in a region that’s usually very sunny, then it’ll be reasonable to expect more energy production per panel than regions that are usually cloudy.

✓ Angle and size of the roof. Roofs with a lot of workable space may require to let go of some efficiency opting for larger and cost effective panels to achieve the targeted energy. However not all homeowners have sufficient roof space or shade coverage for the solar panel they actually want. Also, the degree at which the roof slants will also determine if the sunlight is hitting the panels well enough and the amount of energy that can be generated thereof.

If you’re interested in getting a new air source heat pump, then you’d probably want to know if they’re really advantageous, cost effective and efficient. The fact is, there are a plethora of benefits that comes with using heat pumps which is a renewable alternative to warm up your home in the UK.

An air source heat pump can help you save money on energy bills while also minimizing your carbon footprint as compared to a gas or electric heating system. Another important benefit that comes with air source heat pump is the fact that they’re quire versatile and yet affordable. Generally, they can function either for heating or cooling purposes and they can also be incorporated for either heating of space or water. In fact, in order to achieve the target Net Zero by 2050, the UK government are looking to fit 19 million heat pumps in new builds. With significant rise in the deployment of heat pumps, the grants by the UK government enables this renewable energy source to become a lot more affordable to run while also helping to minimize the burden of the air source heat pump cost.

As perfect as it seems, this renewable source of energy also comes with a number of disadvantage which we’re going to list out. Let’s take a look!

• There must be sufficient space outside the house to accommodate the external condenser unit.
• The condenser unit can make a lot of noise and even blow colder air into their immediate area.
• Since they consume electricity to operate, this also means they’re not zero carbon unless the electricity is produced from a renewable source like solar panels etc.

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.