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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.

Tesla’s top-of-the-range battery storage system is still one of the most expensive on the market. It has a huge 13.5kWh usable capacity and can even keep you up and running during a power cut. But how long does a Tesla Powerwall battery last? And does this mean it’s worth investing in one?

The Tesla Powerwall 2.0 comes with a 10-year warranty. But Tesla says that it should last way beyond this – at least 5 years longer. The standard warranty says that it should work at 70% capacity for the full 10 years – so if it loses more than 30% of its storage capacity within that time, it should still be covered.

While the Tesla Powerwall does last a long time, it has a large capacity that most average households won’t require, and it’s a costly option. After installation, the Powerwall 2.0 will set you back between £6,500 and £9,000, so ideally you want it to last past its 10-year warranty.

Before you splash out, consider the size of the solar panel system you want to install or you already have. Will it generate enough electricity to make it worth storing in the Powerwall? If not, are you expecting to upgrade your solar panels to a larger system in the future? If you are, then it might be worth investing in a Powerwall. It might also be better to wait until you come to upgrade your solar panels – the solar battery price trend is going the same way as solar panels, so they will probably continue to decrease in price as more people adopt the technology.

Not only will you reduce your electricity bill by generating your own electricity with solar panels, but you can also earn money through the SEG which is offered by large energy suppliers. They’ll pay you for the electricity you export back to the grid. You’ll also reduce your carbon footprint, lessening your impact on the environment.

Solar thermal panels work by capturing heat directly from the sun and using it to heat water. This hot water is then passed through a coil to heat the water for your central heating system. Solar thermal systems are compatible with many existing conventional boilers with hot water tanks, and can be set up to feed in to your existing heating system.

If you look after your air source heat pump, it can last for over 20 years. Make sure you check it every year and get a registered or qualified installer to check it every 3-5 years to prolong its life. If in doubt, check the manufacturer’s maintenance instructions.

Solar cells , also referred to as photovoltaic cells (PV), absorbs energy from the sun and converts it to generate electricity. This, however, should not be confused with photovoltaic thermal cells or PVT which operates to generate heat for water in homes. Solar cells are linked electrically and also carefully organized into a large frame which is popularly called solar panels. Generally, solar cells are produced or made of silicon semi conductors which works to absorb sunlight and then turn it into electricity for use at a home. A solar panel comprises of either 60 or 72 solar cells which are electrically interconnected in series and parallel and also positioned in between glass and plastic which is then framed.

At present, solar panels incorporated for residential or domestic purposes only possesses the capacity to make use of only about 20 percent of the sunlight they’re able to absorb and convert it to electricity - also called solar efficiency. Available in the market are also a wide range of solar cell available for both industrial and commercial purposes. This type of solar panels have an efficiency rating of about 40 percent which will also automatically make them more costly than the domestic types.

One great thing about the solar industry is the fact that it keeps improving in such a way that raises both its efficiency as well as overall quality. And with further research and development, this is expected to even increase as the years go by. What’s more? As these aspects keep rising, it’s also expected that the solar panels price should be on a decrease. That way, they’ll become available to a wider range of individuals who’ll also like to save money on electricity bills and go greener.

It may be hard to believe with the summers we have in the UK, but there is more than enough sunlight to power solar panels. Solar PV (photovoltaic) panels operate in daylight, rather than needing direct rays from the sun so they’ll work throughout the year.

Biomass boilers can be designed to work with other kinds of heating. The most common of these is solar thermal. This is a popular renewable energy pairing. Solar thermal heating will meet your hot water needs during the summer while a biomass boiler can operate as a backup during the winter when solar thermal panels do not perform as well.