As the price of electricity continues to rise, more and more people are turning to solar power to save money on their energy bills. Solar panels are an increasingly popular way to do this, as they allow you to generate your own electricity and sell any excess back to the grid.
There are a few things to bear in mind when considering solar panels, such as the initial cost and the on-going maintenance, but the savings can be significant. Here we take a look at how solar panels can save you money.
Initial cost:
Solar panels are not cheap, with the average installation costing around £5,000. However, there are a number of government schemes available that can help with the cost, such as the Green Deal and the Renewable Heat Incentive. There are also a number of finance options available, so you can spread the cost over a number of years. The initial cost is perhaps the biggest barrier to people installing solar panels, but it is important to remember that the savings can be significant.
On-going costs:
Once your solar panels Albuquerque are installed, there are very little on-going costs. You may need to occasionally clean them, but that is about it. The electricity they generate is free, so you will start to see the savings straight away.
Saving money:
The amount of money you can save depends on a number of factors, such as the size of your installation, the amount of sun you get, and how much electricity you use. Solar panels will typically generate more electricity in the summer than the winter, so you may see your biggest savings then. However, even in the winter you will still be generating some electricity, so you will still see some savings.
The size of your installation will also affect how much you save. A larger installation will obviously generate more electricity, and so the savings will be greater. If you use a lot of electricity, then you will obviously see bigger savings than if you use very little. This is because you will be using more of the electricity that you generate, and so you will be buying less from the grid. Of course, the amount you save also depends on the price of electricity.
Conclusion:
Solar panels can save you a significant amount of money on your electricity bills, and the savings can be even greater if you use a lot of electricity or have a large installation.
