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Benefits of a Solar PV Installation

 


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Solar photovoltaic panels can offer a range of benefits, both environmentally and economically.

Solar PV installation can reduce your electricity bills massively. By generating solar electricity, you can power your house, eliminating the need for much of the power you may ordinarily have had to purchase from a supplier. This will become more important as utility bills are expected to increase by up to 60% every year for the next decade.

Thanks to the feed in tariff that will be introduced in April 2010, you will be able to sell any surplus solar electricity you generate to the utilities companies at a price higher than market rate. This is because electricity from non-renewable sources is cheaper to generate than that from renewable sources. The feed in tariff will set a minimum price per unit. The provisional figure announced was 36.5p/unit. This means that if you are generating solar electricity you are not using, for example, when you are on holiday, you can simply sell it back to the grid. The company you sell to will then either pay you, or you can use it as credit if ever you need to top up your solar power with traditional electricity.

Solar PV generates electricity that is clean, green and free! In using the sun's power, we can reduce the amount of Greenhouse Gases emitted through electricity generation. Solar PV installation can add around 10% to the value of your house by making you more energy efficient and chaeaper to run.

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