Generating energy and reducing your fuel bills are just some of the many reasons to consider solar energy. We round up the renewable and cost saving benefits of installing solar energy options in your home.
Looking to save energy in your property? Generating clean energy and reducing your fuel bills, we round up five different types of solar power panels you should invest in.
Image: Greenskies ST lifestyle flat plate system, from £3,000, Worcester Bosch
As a low-carbon, eco-friendly and renewable resource, one of the most powerful sources of energy is the sun. The most effective way to utilise the sun’s energy is to install solar panels into your home but with so many different options available it can be difficult to know what solar panels are right for your property, and how cost-effective they really are.
We reveal the top 5 different types of solar panel and the benefits each will have on your finances and home.
Solar PV panels generate electricity to run appliances and lighting
Image: Rooftop six-panel PV 3kWp system, £4,550 including installation, Solarcentury at Ikea, ikea.solarcentury.com
Solar photovoltaic (PV) panels convert sunlight into electricity. They are made up of cells and their power is measured in kilowatts peak (kWp).
An inverter converts the power collected from a direct current to the alternating current that’s needed to run appliances. A solar battery can store excess electricity generated during the day, so it can be used when the amount produced is low. Costs vary, but the Energy Saving Trust estimates that a 4kWp domestic solar PV panel system will cost from £5000 to £8000.
Provided your system qualifies, you can earn money via the government’s Feed-in Tariff (FIT). The FIT is split into two payments – a fixed generation tariff, 3.93p per kWh, which earns you money from every kWh of electricity produced, and an export tariff, 5.03p per kWh, for excess units exported back to the National Grid. To qualify for the best FIT rate, your home must achieve an Energy Performance Certificate rating of D or above and the system and installer must be approved by the Microgeneration Certification Scheme.