Increasingly, we are getting enquiries from customers who are looking intelligently and holistically at their home heating, hot water and power consumption. They want control, they want security, they want the best value long term and they know that the way that we use and consume energy has to change. Here are 5 reasons to love solar power and why installing it has never made more sense…
1. Solar is the cheapest form of energy
As consumers we are increasingly concerned about the source of electricity for homes and businesses. It is an economic and a geo political concern. So, having dithered a little in recent years about the benefits of renewable energy, and dipped a toe in the renewable pond for the benefit of the FIT (Feed-in Tariff), the recent shift has led to a serious rethink about the way we consume and create power. Cheaper, cleaner electricity is better electricity, and solar energy is the cheapest way to create electricity.
The solar energy industry is going to continue to expand in the forthcoming years. In the UK. According to the UK government’s 2020 report, there were roughly 970,000 UK homes with solar panel installations. This means only 3.3% of the 29 million homes in the UK were generating electricity from solar panels – that’s a huge number that could still benefit form a solar installation.
2. The technology has never been more affordable
Unlike electricity and gas prices, the price of solar technology and now battery storage has actually come down in price significantly. Added to this is the zero rate of VAT on solar that was introduced in the UK, with effect from 1 April 2022 until 31 March 2027. That’s 0% VAT on supply and installation of solar panels for homes and businesses for the next 5 years.
Due to the increase in demand, and the advancement in the technology, Solar PV prices have dropped globally by 82% and are continuing to fall. That means Solar has never been more affordable and accessible.
The Solar industry has come a long way and battery storage solutions now mean you can store the energy produced by your Solar panels during the day, to be used whenever your home demands it. This revolutionary technology, means you can essentially live off-grid, and be completely energy independent.
What’s more, with companies like myenergi creating clever kit that allows power to be diverted in the home from solar to car charging, water heating and power use the control is now in consumers hands.
3. Utility bills aren’t getting any lower
A solar energy system opens the door for electricity independence, rather than an ongoing monthly expense. After your purchase, every kWh of solar energy, that you can make use of, produced by the system is yours free of charge. In addition to onsite clean energy production, solar panels also help protect against time of use tariffs.
With this in mind, it almost always makes sense to “own” your electricity production. Individuals can all view solar installations as a wise investment for long-term clean energy production. There is no doubt that utility companies are looking to renewable sources for some of their production but they are still in control of pricing and supply.
Some companies, such as Octopus Energy, are offering up to 7.5p per kWh on the SEG (Smart Export Guarantee) but the real benefit now in solar is how we use the maximum amount of the energy that we produce effectively.
4. The most abundant source of energy is the sun
It shows up every day and it’s not going away! Unlike fossil fuels, which we know are finite the sun is the ultimate, most awesome, never ending ball of energy – the energy is there, we just need to harness it. And we have a way to do it! That’s a result.
Solar power is a renewable and infinite energy source – as long as the sun continues to shine then energy will be released.
5. Using solar power reduces your carbon footprint
Another clean energy positive for solar power is that, unlike the burning of fossil fuels, the conversion of sunlight into power creates no harmful greenhouse gases.
The carbon footprint of solar panels is already quite small, as they last for 25 years plus with no loss in efficiency – just give them a clean annually and they should continue to work their magic. And the materials used in the panels are increasingly recycled, so the carbon footprint will continue to shrink.