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The Financial Benefits Of Solar Panels

Over the last few years the cost of energy has risen higher than ever before, and is set to rise higher still in the next few years. The cost of heating and lighting your home can be one of the highest household bills. Alongside this people are more aware of the environmental costs of using nuclear power, and many are keen to lower their CO2 emissions.

Investing in solar power is a great way to tackle the problem of soaring energy prices. Solar PV is solar photovoltaic power. Solar PV panels create energy for your home or commercial building by translating sunlight and the suns radiation into energy, which can cover most of your household needs.

Industry insiders believe that energy prices will rise by 60% over the next decade, so investing in solar technology for your home or office can be a great solution. Solar PV panels allow homeowners to generate their own power, cutting down their energy bills in the process. Having the potential to generate your own power can also increase your home’s resale value by 1% when you choose to sell.

A new tariff introduced in April 2010 has given solar users even more financial benefits. The tariff allows users to sell on any surplus energy their panels generate to the utility companies at a higher rate. So if you go on holiday, you can sell your unused energy back to the national grid, at the provisional rate of 36p per unit.

Installing solar PV panels on your home requires only a one off charge, for purchase and installation. The panels are very low maintenance and will significantly lower your household bills, CO2 emissions, and can even make you money when you don’t use all of the power you generate. There really is no better way to save yourself money on your household running costs.

Find out more about solar pv panels

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