Think solar power is complicated, expensive, unreliable and not worth the effort? This aims to dispel these common presumptions and shed some light on how much switching to solar energy can help your finances. In the current economic climate, incentives like the Feed-In Tariff are perfect for incentivising people to switch to a renewal energy resource and save the planet. Here are some of the financial benefits of Solar PV: What is it? Solar PV utilises photovoltaic cells to convert light from the sun into electrical energy. This works by removing the electrons already present in the sunlight, sending them through an inverter and converting them into electricity ready to power your home. How much does it cost to install? This all depends on how energy efficient the consumer wants the panels to be. Generally it costs around £7000 – £20000 to install them. Seems a lot? Well think about it this way: energy prices rise 5% each year which is higher than inflation, in the years of use you will get from your solar panels they will protect you from this price rise and save you money on bills. Never do you have to wait for that bill to hit your doorstep which tells you that your costs have been increased. Solar energy is completely free. So what is really in it for me? Okay, the government has pledged to incentivise the installation of solar panels due to its mission to get more people using a renewal energy source by 2020. This is called the Feed-in Tariff and what it basically …
Video Rating: 5 / 5