save money with solar panels
Buying Saving Tips & Tricks

How Solar Panels in Your Home Can Save You Money

26Many households are getting phone calls every five minutes from companies offering to install solar panels for free in their homes. The question is are they worth it? How much money could they potentially save you? Here is the down low about solar panels.

What is sustainable living?

Sustainable living is a lifestyle choice made by individuals who use the earth’s natural resources, as well as personal resources. They do this to reduce their carbon footprint, and there are several ways to do it. Many people will buy cars with smaller engines or even electric cars that use very little fuel. They may dramatically reduce their energy consumption or change their diet to a more environmentally friendly one.

There are sustainable homes that are built using certain materials and built in a way that in no way damages the environment. These are built either close to essential services such as grocery stores, schools and public transport, so homeowners can make their way around without having to drive long distances. They can also be built off-the-grid somewhere, where they do not require any public energy, water or sewage services.

Where do solar panels come in?

Solar panels are devices installed into your home to convert light into electricity. They are called solar panels because they use the most powerful source of light, most of the time, which is the sun.

It is pretty technical, the solar cells are spread across a large surface area so that they can provide a larger amount of power. The more light that hits the cell, the more energy that it produces.

These, in your home, can mean big savings for you on your electricity bills. Living in Britain, many people think that they will not save any money with solar panels, because, let’s face it, we don’t get a lot of sunshine.

However solar panels create energy even on gloomy days. Even though it may not be as much, any electricity generated in an environmentally friendly way is good!

What’s the catch!?

You will get given a certain type of tariff when you get your solar panels, this is depending on when they were installed and if they are fully registered and insured. The rate of this energy tariff is guaranteed for 20 years as long as you do everything properly. Considering the rates of energy are set to dramatically rise over the next 20 years, this is a big saving. This is a great way to have some money in your pocket and potentially pay off some debts and bills!

The Energy Saving Trust estimates that a typical 4kWp system can knock off £125 from a family’s bills each year. Obviously, each saving would be different depending on several factors in the home.

The government have recently slashed the payments for generating electricity to about £7,0000, from around £10,000- £12,000. This means that getting panels has become cheaper.

Some people may be entitled to FREE solar panels. Those who live in certain parts of England and have a sustainable roof are eligible. It is tough to meet the criteria but with a look.

BarryBlog

BarryBlog

I'm a real mover and shaker in the finance world. I work with some top names in finance as a consultant and am bringing that experience to you. Graduate and personal finance specialist.
BarryBlog

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