Solar Panels For Your Home – Is It Feasible?

So you have thought you'd like either save the environment or save on your electricity bills by getting solar power for your home?

Solar panels are a feasible technology for households to install. Not only can a panel system supply a very large proportion of your electricity requirements during the day, but a lot of government schemes on offer.

Firstly, photovoltaic panels generate electricity. If you use the electricity that you generate, then you will obviously not have to pay for that electricity so you will make a saving on your bills. Any electricity that you do not use, you can sell back to the main grid under the Feed in Tariff scheme. This means that you would be approximately £ 850 to £ 1,500 per year better off, tax-free and guaranteed by the government for 25 years. The panels will pay themselves off over time and then you'll make thousands of pounds in profit.

Thermal solar panels generate hot water – they are a totally separate system. Putting these on your property means that you will cut down your bills for heating water. Very recently (20th of October 2010), it has been announced that the Renewable Heat Incentive is going ahead. This means that thermal solasor panels can earn money for every unit of energy generated with those too, coming to approximately £ 450 per year, once you factor in about £ 50 of bill savings.

Getting home solar power means that the systems will pay themselves off over time. The best way to find out if it's viable is to get some quotes to find out the costs (which varies massively from property to property due to roof orientation, tilt etc), now you know how much you could earn.

The cost of photovoltaic panels is considering lest than the cost of thermal solar panels. As above, photovoltaic solar panels for your home will earn you more money, and they offer a slightly higher percentage return rate, but they are a larger investment – you need to spend about 2.5 to 3 times as much to meet the price of electricity generating panels compared to hot water ones. However, electricity generating panels, also known as PV panels, are also more durable – they can be hit by a baseball and not totally shatter, which is not the case with thermal systems. Basically, if you have children playing ball games in your garden, it is not recommended to get thermal panels unless their throwing is very accurate!

Source by James EF Hawkins

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