If you’re thinking about going greener in 2023, solar panels may have crossed your mind, and you’re not alone. On average, more than 4,000 solar panels are installed in the UK every month, thanks to the attractive benefits. So, if you’re considering investing in residential solar panels, look no further.
In this article, we’re exploring everything you need to know so you can make an informed decision on whether residential solar panels are the right solution for your home.
How do residential solar panels work?
Simply put, solar panels work by capturing the UV rays of the sun and converting them into electricity to power your home. Solar panels contain photovoltaic cells, which become energised when hit by light from the sun. An inverter converts this energy from direct current into alternating current for use to power household items.
Contrary to popular belief, it doesn’t need to be sunny for solar panels to work. Instead, any visible light is sufficient to produce energy. So, your solar panels will still work on cloudy days. The only difference? When the sun is shining brightly, your panels will produce more energy.
So, now that we’ve covered the basics, let’s get into the benefits.
The benefits of residential solar panels
It’s renewable energy
Unlike other sources of energy, solar power is a renewable energy source. Solar power is available every day globally and will not run out. In short, if there is sun, there is solar energy.
You’ll be doing your bit for the planet
One of the key benefits of solar panels is the feel-good factor. Solar panels don’t pollute the earth with any greenhouse gases or emissions, making them a much cleaner option than other energy sources. And, with every year that passes, the production of new technology means solar panels are becoming more and more efficient.
Minus minimal pollution produced during manufacturing, solar power is one of the world’s cleanest and most sustainable energy sources. So, if you choose to invest in solar panels, you’ll be satisfied knowing you’re doing your part for the planet.
Residential solar panels can save you money
Despite the Government introducing the energy price guarantee in 2022, the typical household’s energy bill is still rising. Solar panels may be the solution if you’re concerned about rising energy bills.
If you’re happy to make the initial investment into solar panels, they can save you a nice chunk of money in the long run.
Furthermore, the potential savings could increase with rates set to rise further in 2023 and beyond. So while the initial investment is substantial, chances are, you’ll break even sooner than you might have thought.
You can store the energy
While residential solar panels require sunlight to produce energy, that doesn’t mean you need daylight to power your home. Instead, if you invest in a storage system, you can bank excess energy generated throughout the day to power your home.
Top tip: to get the best out of your solar panel system, it’s best to use energy during the day where possible.
You’ll be less reliant on the National Grid
Furthermore, your household will become less reliant on the National Grid when generating and storing your own energy.
You can earn money
The best bit? Any stored energy that you don’t use can actually earn you money! Under the Government’s Smart Export Guarantee (SEG), you can make money by exporting renewable electricity you haven’t used.
Provided your system meets the eligibility requirements, and you have a meter capable of providing half-hourly export readings (this is usually a smart meter), you should qualify for the tariff. According to the Energy Saving Trust, a typical household could make between £80 to £110 each year. It’s worth noting that SEG tariffs differ widely, but you’re free to switch between them until you get the best return.
They’re low maintenance
Residential solar panels boast an impressive life span of 20-25 years, and in some cases, longer if properly maintained. Once the installation process is complete, solar panels require little to no maintenance. In addition, because they’re often placed at an angle, the rain will wash away dirt and dust, ensuring your solar panels are as efficient as possible.
Of course, things may go wrong with your system. So, be sure to check your warranty, as installers may cover you for up to 20 years. You’ll be glad to know that Project Solar offer a lifetime warranty.
Solar panels add value to your property
Research has found that homes with solar panels can command a higher price than those without. Trade body Solar Energy UK published a report looking at more than five million property transactions and found residential solar panels appear to increase the value of a home consistently. Not bad.
Of course, if you’re planning to move in the near future, then the price increase wouldn’t outweigh your investment. So, be sure to consider this, too.
Are residential solar panels suitable for you?
As you can see, installing residential solar panels offers plenty of benefits. But, of course, there are also several important considerations. So, take the time to research and weigh the options based on your circumstances.
As always, our friendly and knowledgeable team are on hand to help. So, get in touch today to get started on your solar journey. In the meantime, check out our blog for plenty of resources on solar panels.