Solar panels: the soundest investment now available?
The problem with saving
With the debt crises or recession as some prefer to call it haunting us still 3 years after it began governing bodies have been fast to criticise our spend thiftyness as well as our extraordinary power to rack up debt. Instead, they argue, the people of Britain really should save , and spend exclusively exactly what they can afford. Whilst the idea might be sound the reality is that banks simply aren’t making it appealing to put our pennies away: current accounts offer 0%, whilst ISAs offer often a mere 2%!. Many people have therefore been of the mentality that they might as well spend it is they aren’t getting any interest, after all, spending will surely help the economy won’t it?
Solar panels: the solution?
One progressively attractive investment is to purchase yourself solar panels. Precisely why? One can find three critical reasons. First of all, by installing solar panels and generating solar electricity which feeds directly into your household, workplace, business or farm, you aren’t paying for electricity which you would usually acquire from the national grid. Straight away therefore you are being economical. The solar electricity you produce is also absolutely free and comes from a dependable and continuous supply i.e. the sun. This simply means compared with the depleting resources of fossil fuels, you simply won’t experience price rises and energy insecurity.
Thirdly and most importantly, you can make a very good deal of income. Cash can be gained in two ways. Firstly, the government, via the Feed in Tariff, guarantee for the next quarter of a century that the energy company you make use of will pay you a certain amount of money for each and every unit of electrical power you make. This presently stands at 43.3p for the typical sized domestic installation. The amount paid is also index linked and tax free. Secondly, the government also ensures that for the following Twenty five years your energy company will pay you for any unit of electric you make and do not make use of which you automatically export back to the grid. This is an additional 3p per unit. Whenever you consider how many units of electricity can be generated per day it soon gets to be crystal clear the amount of money we are dealing with.
The Energy Saving Trust by way of example suggest, somewhat conservatively that an average installment for a 3 bed household could generate an income of over seven hundred pounds each and every year, whilst some others claim it could be more than one thousand. When one considers that the price of installation would likely be around £10,000 it really is crystal clear that the system may possibly pay for itself within ten years, yet that leaves fifteen years still left of your government guarantee left, whilst your panels will keep producing free solar electricity for decades. Finally, research has also shown that a solar installation may also increase the value of your property. Overall therefore, whilst it might be a reasonably long term investment, it is arguably one of the most interesting that you could buy.
Solar panel firms: buyer beware
Although I am recommending purchasing solar power panels I am not advocating entering the market place blind. Before you take the plunge therefore, keep a few of the subsequent suggestions under consideration. To begin with is the necessity of researching the possible firm first. Exactly what should you verify then? To start with check out their website; does it appear professional, are there any testimonials, what kind of jobs have they executed, is there a case study area? Second, research for appropriate certifications. The main one here is MCS, the Microgeneration Certification Scheme. Unless the firm has one of these, don’t make use of it. Finally, ask how long they’ve been operating for. Recent research learned that a huge number of solar panel technology firms offering solar panel installation had only been functioning for several months. The risk here is that the company may not be around within a few years time, which could cause problems if you experience issues with your photovoltaic panels down the line. One solution here is to check they’re part of the Reiga insurance coverage scheme, that offers a financial backup for the rare scenarios in which the original company has gone bust and you need work doing to fix any original blunders on the solar panel installation.
The writer works closely with Solar Days who offer prime quality solar panel installations helping people and businesses benefit from the feed in tariff and therefore both help save and produce revenue. More information on solar panels
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