Solar energy isn’t a novel term anymore. Solar vehicles, solar heating, solar batteries – the uses and benefits of solar energy have been widespread. This has led to increased green energy consumption.
However, many people still do not have all the information on the current solar energy situation and the benefits of solar panels. So, in this article, we talk about the pros that come with a solar power source. We hope that by the end of this quick and interesting read, you would be better informed to make the right decision about using solar panels in your home or business premises.
Advantages of Using Solar Panels
Let’s read in detail each advantage of solar energy sources or solar panels.
1. Reduced Overhead Expense of Electricity
One of the biggest pros of solar panel systems is the savings on electricity bills. You can save approximately £522 every year with a 3.5 kWp solar panel. How much you save on your electricity bills would depend on two factors:
The energy solar power system produces: To generate more solar energy, you would need to invest in high-efficiency solar panels. You can also add more solar panels to your home.
The energy or electricity you use: When you’re out, you don’t want to waste the energy being produced meanwhile. So, you can use a solar battery to store the electricity that you can use later.
2. Good Return on Investment
Many people may still be overwhelmed with the cost of installing solar panels. However, the solar energy system gives a great return on investment. And even if you cannot make the payment in full, you can always fund the investment with a £15000 personal loan.
The amount you would save on electricity bills as well as other related expenses would automatically make you believe that solar panels can be a great investment.
3. Cash-In Opportunity in Case of Unused Electricity
Often, solar power panels generate so much energy that people do not know what to do with it. This is where the role of the Smart Export Guarantee comes into play. Licensed electricity suppliers offer tariffs to low-carbon, small-scale generators, such as solar power-run houses. People can send unused solar-generated electricity back to the National Grid. This is one of the greatest solar panel advantages.
4. Low Maintenance
You do not need to check on your solar panels 24/7. They are fairly independent. However, to get the most out of your solar power system, it is recommended to keep them clean and unobstructed. Luckily, solar panels are installed at an angle, which means that most of the dirt and debris would fall off, keeping the solar panel set up mostly clean.
Also, most solar panels come with a warranty of 25 years and may be operational for up to 40 years, which means that you do not need to change the setup soon.
5. The Renewable Heat Incentive
This is one of the interesting benefits of solar panels. Homeowners that may be looking to invest in solar thermal panels can take advantage of the RHI or Renewable Heat Incentive. It helps them invest in renewable heat technology, pay for the investment, and send them the payments quarterly over a period of seven years so homeowners can afford the investment and reap benefits.
6. Easy Scale-Up
Installing solar panels may sometimes sound like a hassle but it is easily scalable. This means that you can simply add more panels to the system and you would be good to go. You don’t need to uproot the whole setup and start from scratch.
This is the same for solar power storage. You can stack up storage units as the electricity generation increases but make sure it doesn’t become a security issue.
There are huge benefits of solar panels, both monetary and functional. Moreover, there are some excellent options available in the industry. Make sure to do your own research and make an informed decision.
About the Guest Author:
Tanya Singh works as a Content Marketer at LoanTube – a loan comparison marketplace where borrowers can connect with multiple lenders via a convenient and transparent application. She writes about topics related to personal finance and loans helping her readers in making smart decisions when they need to borrow. Yoga brings her inner peace and strength, and traveling brings her joy (besides her work of course).