subject: Warning: Solar Panels For Your Home - Not As Expensive As You Think? [print this page] There is a lot of buzz about solar panels for your home at the moment. But ask yourself one question: When was the last time you actually saw a house with solar panels on the roof, or in the garden? A month ago, a year ago, NEVER!?
But hang on a moment... Solar panels for your home are environmentally friendly, they harness a renewable source of energy, and they can help to reduce your energy bills by hundreds of pounds a year. So why aren't more of us using them?
Well that's easy, they are simply way too expensive for most of us.
Typically 8-15K is too much for most of us to invest in solar energy. But now there is a much more cost effective way of converting your home to solar power...
The Solar Power Home 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 investigate the scale of the investment in detail. Even if you don't like maths it's worth a read...
Let's assume the following: 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.
But there is a way to generate solar electricity without such huge investment. In fact you may have already heard of them: DIY home solar panel kits.
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.
And you're not limited to building just one solar panel. You will also receive the instructions to join your solar panels together to increase its size.
Each PV panel can be built over the course of a couple of days (a great weekend project) or even quicker once you get the hang of things.
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.
