
Home solar panels provide eligible homeowners with an exciting array of opportunities and advantages. Governmental initiatives, economic trends and the nature of the UK property market all work in favour of those who choose to invest in domestic solar panels and give rise to the following benefits:
Reduced Energy Bills
One of the most obvious upsides to the installation of domestic solar panels is the savings on energy bills as a consequence of using power from home solar panels as opposed to electricity drawn from the grid. Dependent upon the size of the solar panel installation, orientation of the roof and level of sunlight, a home solar panel system is capable of providing at least 50% of the electricity a household uses in a year.
Guaranteed Income for 25 Years +
In order to increase the percentage of power generated by renewable means in the UK, the government introduced the feed-in tariff system or ‘FiT’. This FiT rate is fixed for 25 years from the date of solar panel installation and is currently at a record high of 43.3p per kWh for domestic solar panel systems fitted between now and 31st March 2012. Home solar panels installed from April 2012 onwards will be tied into an as yet unspecified lower FiT rate.
Investing in solar panels for your home will result in tax free income at a rate guaranteed for 25 years – making it a lower risk, higher yield investment than virtually anything else available today.
Carbon Footprint Reduction
By opting for a domestic solar panel system you are lowering your reliance upon electricity produced by the combustion of fossil fuels. As the electricity produced by solar panels results in the release of no emissions of any sort; deriving power from a home Solar PV system dramatically reduces your carbon footprint.
Increased House Value
Much like the fitting of a new bathroom or kitchen, home solar panels are a valuable addition to a home which can have a positive impact upon resale value. Provided the solar panels were bought outright by the homeowner and the relevant paperwork filled in – the prospective purchaser stands to benefit from the energy savings and additional income if they buy the house.
If you would like to find out more about any aspect of home solar panels then please don’t hesitate to get in touch with our expert team.
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