Solar Power is the Best
Solar power is the most popular form of energy generation with public support at an amazing 87%.
The information in this article was correct at the time of writing. Unfortunately, the feed-in tariff and other support for solar panels are no longer available to new applicants. However, the price of solar panels has dropped dramatically since 2010 - great news for us and the environment. And of course, once installed, you’ll be generating your own electricity for free.
There are around a million photovoltaic (PV) installations in the UK. At some periods during the summer 27% of all UK electricity came from the sun, which is amazing progress for 'green' energy.
Solar power subsidy to end
However, solar power subsidies will close for registration in April 2019. This means future solar PV schemes will not receive the feed-in tariff and may not be paid for surplus electricity that flows into the grid. Therefore, if you desire solar panels at home or indeed have been considering solar panels for a while then now is the time to decide and crucially to act. So what are the key benefits of solar power?
Top five benefits of solar power
There are five key reasons to install solar panels on your home:
- The price of solar panels has plummeted, and efficiencies have improved. The cost of an average installation has fallen to around £5,000 yet panels will produce more units of power.
- Electricity bills keep increasing.
- Interest rates on savings remain stubbornly low.
- The future of travel is electric for tackling air pollution and global warming.
- Crucially, the impacts of global warming are dramatically increasing.
The prevalence of droughts, heatwaves and floods are a reminder that we all need to do more to protect our planet from climate change. Using renewable resources and reducing reliance on fossil fuels is vital.
Financial benefits of solar power
Depending on how much electricity you use during the day, homeowners with solar panels on their roof are receiving double digit returns on their investment. This is a far better return than interest earned in a savings account and many funds.
In addition, the cost of oil and gas just keeps increasing. This results in higher energy bills both at home and petrol stations. In contrast, sunny summers boost the amount of carbon-free electricity produced. Therefore, people who embrace renewables are reducing their energy bills more each year. If you are one of the 30% of drivers who want to buy an electric car then these savings are increased further. A smart home with solar power can charge the battery in an electric car from daylight therefore, providing miles of 'free' motoring.
Will the feed-in tariff deadline spark a modern-day gold rush?
There is less than six months to apply to receive Government support, which means your project has to be operational and the forms approved by March 2019. This stop date produces a cliff edge for the solar industry. Qualified installers are already seeing a rush of orders to meet the deadline. In addition, if there are severe winter weather conditions, as there was with the Beast from the East then that will also reduce the amount of time qualified installers have available to carry out work on roofs. So the advice is to get in early.
What if I already have solar panels?
If you already have solar panels and have qualified for the feed-in tariff then there is no need to worry. Your contract will ensure you continue to receive payments for the green electricity you 'sell' to your electricity supplier including the feed-in tariff.
Why is solar power so popular?
Generating solar power reduces your carbon footprint. Solar panels are a clean technology that harnesses the energy from the sun, which is a natural and renewable resource. Photovoltaics create significant savings on rising fuel and electricity bills and can improve your EPC rating, which is another advantage when you wish to buy or rent your property.
With nearly a million home owners who have solar panels on their roof, finding glowing testimonials is not difficult. Every home I visit with solar panels involves an almost compulsory demonstration of how much their mini power station has generated and how little electricity they are purchasing. This conversation happens regardless of the home owners background: engineers, teachers and NHS staff are all proud of their investment decision and achieving virtual energy independence during the summer months.
As the UK's first clean technology platform, One Home covers a wide range of topics but what has become abundantly clear already is how popular solar energy is. Hits on the One Home website, social media results, and media interviews all favour solar energy. One survey concluded that 44% of the public want solar panels with battery storage by 2020 as part of the trend for smarter homes. Meanwhile, a survey by ClientEarth found an incredible 64% of consumers wanted to install their own solar panels at home if greater assistance was available.
Solar power for homes
Solar power on homes is a great idea to save money on energy bills and to help protect the planet. The feed-in tariff is ending to new registrations in April 2019, therefore there is only a short window to benefit from this financial subsidy. However, on the plus side, a deadline is often a great motivator for people to act and with significant financial and environmental benefits from solar PV this is yet another good reason to act today.
To find out if your home is suitable for solar panels and how to find qualified installers visit our solar power guide.
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