There are many benefits to set up solar photovoltaic power that range from reducing the carbon footprint of your home and the annual cost of electricity, to reducing the effect of ever-increasing cost of energy and creating an income tax-free for the coming 20 years. Additionally, Solar PV panels and systems are easy to set up that are guaranteed to last for a long time and require little maintenance.
Learn more about the major advantages of solar PV as well as reasons to consider it as the best choice for renewable energy.
Reduce Your Carbon Footprint
Solar photovoltaics are ecologically sustainable, using sunlight to generate zero carbon energy. Additionally solar PV systems do not release negative CO2 (CO2) and other harmful pollutants and the vast majority of Solar PV panels are constructed from silicon that is made from sand, which is one of the earth’s richest natural resources.
Based on your location and your system, it’s likely that you can produce as much as 50% of your annual electricity demands from renewable energy which could save between 700kg to 1 tonne of CO2 annually (typical 2kWp systems).
Lower Your Energy Bills
The energy produced by your system is free to utilize. An average PV installation generates approximately half of all the power used by a household during the year, which means your energy expenses will be significantly diminished.
The electricity you consume is free as long as your system is producing power. You’ll be charged only for electricity you use during times when the panels aren’t producing electricity, like during the evening and during the night. If you’d like to be carbon neutral or you’re not connected to the grid, you are able to store any excess power in batteries to be used whenever you require it.
Inflation-Linked Tax-Free Earnings for 20 years
With the help of the government-backed feed-in tariff, if decide to invest in solar PV Essex, you’ll receive a and tax-free inflation-linked income for the following 20 years. This incentive, created to motivate home owners to put their money into renew energy sources, offers a set amount for each kWh of power that your system generates regardless of whether you make use of the electricity or not.
Additionally you also have the right to an additional amount for each kWh of electricity that you don’t use and then feed back to the grid. Find out more about the feed-in tariff.
An average system yields an ROI around 10%. It takes approximately 10 years to repay the initial cost. After that, each penny that you make from the feed-in tariff is income. Furthermore If inflation increases and the cost of electricity rises, your return on investment is likely to increase.
Limit your reliance on electricity Providers
It’s no secret that cost of energy has increased significantly in recent years, and, with the decreasing availability of fossil fuels from natural sources and the growing demand across the globe and the trend seems going to increase. Installing solar PV systems can reduce your dependence of grid-supplied electricity as well as the big commercial energy companies, while minimizing the impact of rising energy costs in the coming years.
A long system life and Low Maintenance
Solar PV is an established and tried-and-true technology that was utilized on satellites for over 50 years back. Since the 1990’s with advances on technology as well as lower costs the popularity of solar PV has seen huge growth.
With a long-standing track record solar PV systems are extremely reliable and require minimal maintenance because they don’t have moving components. A majority of solar panels are backed by the makers with a cell guarantee of 20-25 years . This together with the lengthy expected lifespan of the whole solar panel system implies that your solar PV installation is likely to provide you with energy at no cost for at least 25 years.
If you’d like to learn more about how solar PV can be used to benefit you, give us a phone call.
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