Warning: Solar Panels For Your Home – Not As Costly As You Think?

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Have you been reading a lot about solar panels for your home recently? Yeh, me too. But what is all the fuss about? When was the last time you actually saw a home with solar panels on the roof, or in the garden for that matter? They are pretty rare here in the UK.

But let’s consider the fact that home solar power is a renewable energy source, and they have the potential to save you hundreds of pounds per year on your electricity bill. So why don’t more people own them? Especially while global warming and the global recession are such hot topics right now.

Because of the COST.

The typical investment required to set up a home solar system is around 8-15 thousand at the moment. But what if there was a cheaper way of doing it?

The Home Solar Power Investment

As I’ve already mentioned, the typical cost of a home solar power system will run into many thousands of pounds. This is all well and good as long as you have the capital to be able to afford such an outlay, and you understand that you are making a 15-30 year investment.

Let’s take a look at how the payback calculation plays out (skip this bit if you don’t like numbers).

I’m going to make the following assumptions: Roof-mounted 2.52kw home solar system, cost: 14000 Units of electricity generated per year (850kWh per kW installed): 2142kWh Income (UK Government Feed in Tariff (FiT) pays 41.3p per kWh generated: 885pa Saving (assume 70% power generated (1499kWh) used at home & standard elec. price is 8p per kWh): 120pa Income (assume 30% of power generated (643kWh) is sold back to the grid @ 3p per kWh): 19.00pa Total Annual Benefit (Income + Saving) = 1024

With the above example it would take around 14 years to pay back the investment made. With solar panel technology guaranteed for around 30 years that should leave you with 15 years of profit potential.

Unfortunately we have been brought up in a world where 1 in your pocket now has a higher perceived value than 0.50 in your pocket now, but 5 in your pocket in 5 years time. Not to mention the fact that many of us just aren’t able to raise the kind of capital required with the economy the way it is.

Hardly surprising then how many of us are building our own home solar panels with DIY kits. In fact, thousands of people throughout the UK have already done just that.

DIY Home Solar Panels – An Affordable Solution

These ‘do it yourself’ solar panels for your home cost around 100 pounds each. This means that you can spread the cost of your solar electricity system over time.

What’s more, you get the instructions to join multiple panels together to really build up the power of your solar network.

Each PV panel take a couple of days to build, making it a great weekend project. After a bit of practice there is no reason why you can’t cut your build time down to around 8 hours.

Are you ready to save money on your electricity bills without making a 30-year financial investment? Why not join thousands of others in the UK and learn how to create your own solar electricity with a step-by-step guide.

Ready to start saving money with Solar Panels For Your Home? Learn how to make PV Solar Panels and generate your own solar electricity.

Article kindly provided by UberArticles.com

Topics: Environment | Comments Off

Tags: diy solar panels, Environment, home, home solar panels, photovoltaic solar panels, pv solar panels, solar electricity, solar energy, solar panel kits, solar panels for your home, solar power, technology

Article Citation
MLA Style Citation:
Thorpe, David "Warning: Solar Panels For Your Home – Not As Costly As You Think?." Warning: Solar Panels For Your Home – Not As Costly As You Think?. 5 Apr. 2010. uberarticles.com. 24 Apr 2012 <http://uberarticles.com/environment/warning-solar-panels-for-your-home-not-as-costly-as-you-think/>.

APA Style Citation:
Thorpe, D (2010, April 5). Warning: Solar Panels For Your Home – Not As Costly As You Think?. Retrieved April 24, 2012, from http://uberarticles.com/environment/warning-solar-panels-for-your-home-not-as-costly-as-you-think/

Chicago Style Citation:
Thorpe, David "Warning: Solar Panels For Your Home – Not As Costly As You Think?" uberarticles.com. http://uberarticles.com/environment/warning-solar-panels-for-your-home-not-as-costly-as-you-think/

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