The benefits of solar electricity
There are a number of benefits that come with installing a solar PV system, not least of which is being able to earn £560 a year through your bill savings and the Feed-In Tariff.
- Reduce your electricity bills: A typical home PV system can produce around 50 percent of the electricity used by an average household in a year. Because this is free to you, you can save around £140 a year on your bills, more as energy prices rise.
- Cut your carbon footprint: Solar electricity is green, renewable energy and doesn’t release any harmful carbon dioxide (CO2) or other pollutants. A typical home PV system could save around 1 tonne of CO2 per year – that’s around 25 tonnes over its lifetime.
- Money for the electricity you generate: Under the FIT scheme you can be paid a Generation Tariff of 14.90p/kWh, which adds up to a payment of around £370 a year for the average household.
- Sell electricity back to the Grid: If your system is producing more electricity than you need, or when you can’t use it, you can sell it back to the Grid and make 4.64p/kWh, paying the average home £50 a year. Find out more about the Feed-in-Tariff here.
- A safe investment: The Government have guaranteed the Feed-In Tariff for 20 years and your tariff rate is fixed when you sign up. It is also index linked so that it retains its value
What to do next?
- What is a kWh?
- A kWh is a was to measure electricity, particularly electricity that is generated by your renewable energy system. A kWh or 'kilo watt hour' is often referred to as a unit of electricity that is shown on your electricity bill. If an electrical product has a rating of 1 kW it means that it will consume 1 kWh every hour that it is on.
- What does the inverter do in a solar PV system?
- The PV panels generate direct current (DC), which is a different type of electricity to the 240V alternating current (AC) that is used in your property. The inverter converts the DC power to AC power so that it can be used in your house.
- What is the difference between monocrystalline and polycrystalline PV panels?
- Firstly, they look different - polycrystalline wafer has a dark blue colour, whereas monocrystalline wafer is black. Monocrystalline panels tend to be slightly more expensive and efficient than polycrystalline panels,
- How long does a solar PV panel installation take?
- A solar PV installation normally takes 2-3 days.
- Will solar PV panels affect my home's rateable value?
- Council tax is based on the 1991 values and the government shelved plans to revalue all houses a few years ago, so currently, no. It is likely that there will be a revaluation in the not so distant future. When they do, the value of the solar panels will be included in the valuation, but the rating could also account for your home's the Energy Performance Certificate (EPC) which should reduce tax as you would have a lower EPC score.
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