One way of going green and at the same time saving on your energy bill is by using solar panels. You can help save the environment as it helps decrease the use of various resources, as well as lessen the burning of fuels needed in producing electricity. Since you can use the energy generated by the solar panels at home, your energy bill will lower, thus saving you money in the long run. If you’re thinking of having solar panels in your place, here are a few Solar Energy Facts that you should consider.
If you know of family or friends that own solar panels, it would be best to ask them information that would help you in deciding if this is something for you. Get to know how much they needed to spend, as well as their experience in using them. This would give you a general idea on what to expect. Moreover, you can get their recommendations on the best panels to purchase.
Consider the Cost
The cost of these solar panels varies and it often depends on the size and the amount of energy generated. However, the average cost is around £6,000 to £9,000. You may request for solar quotes so you could compare their prices. By doing a comparison you will be able to find the solar panels that you need at the most reasonable cost.
Decide If You’ll Use Cash or Loan
You can purchase solar panels using your own money. If you do have the money, it’s recommended that you buy them on your own so you don’t have to pay for the interest compared to purchasing panels with a loan. If you meet the requirements of the government for their Feed-in Tariff scheme, you will be paid for the energy you generated and used using your solar panels. If you don’t have the money for purchasing these panels but you really want to use them at home, you may consider getting a domestic solar panel loan. However, you may be subjected for a certain interest for this. Whether you’re purchasing using your money or loan, make sure to compare solar quotes to find the best deals.
The investment on these solar panels may not be cheap, but since they last for a long time, you’ll be able to save more money in the long run. Once you get back the money you spent from purchasing the panels from the energy you save and from tax free solar rebates such as the Feed-in Tariff scheme, the succeeding years of using the energy generated by the solar panels will all be your saved money.