Five Benefits of Solar Panels

The government has been pushing solar PV systems hard lately, but many people remain unconvinced. If you’re one of those who are still wavering on whether or not to give over your roof real estate to solar panels, it may be because you’re not fully aware of the benefits of a solar PV system. These facts about solar panels may help tip the balance in favor of installing a renewable energy system on your property.

You’ll Save Money

One of the strongest arguments in favor of solar panels is the economic one. While solar PV systems represent a significant upfront investment, you’ll start reaping the benefits in savings immediately. Solar panels generate free electricity for your use, and you’ll use that electricity before your electrical system draws on electricity from your power supplier. That means that every kilowatt hour of energy your system produces will save you the cost of a kWh on your power bill each month. Even better, your solar panels will continue to save you money on your electric bill year after year, even after you’ve recouped the initial investment – which you’ll recover far faster, thanks to the Feed-in Tariff Scheme installed by the government.

You’ll Make Money

The Feed-in Tariff Scheme provides payments to solar PV system owners for every single kWh of energy the system produces, including the energy that you use in your own home. That’s right – the government will pay you for the electricity you use as long as it’s generated by your solar panels. In addition, the government will pay you even more for any electricity that your solar system generates that you don’t use when it’s fed back into the grid.

You’ll Contribute to National Energy Security

One of the reasons that the government is so keen on micro-generation – the term for very small solar PV systems such as those for most residences – is that it provides what’s called “distributed energy production.” By distributing the solar generators over a wide area instead of putting all the power generators in one large facility, the government reduces the risk that an attack or a natural disaster will disrupt power across the nation. Every residential solar PV system is one more brick in the national energy security plan.

You’ll be Less Prone to Service Disruptions

Because you’ll be getting a portion of your electricity from your own solar generators, you’ll be less affected by power disruptions in the event of outages or cutbacks on service. That puts you ahead of the game if the power goes out. While you won’t have lights at night in that case, you will have electricity to run essential equipment, like your refrigerator, during the day.

Your Property Will be Worth More

Solar panels add value to your property. According to the latest estimates, a solar PV installation will add about 70% of its cost to the value of your home. And if you own rental property, your flats will be worth more rent on the market because your tenants can count on lower energy bills.

If you’re still not entirely convinced, contact a local solar panels installer to get more specifics about how a solar PV system can benefit you.