Solar Panels For Your Home Save Thousands on the Cost of a Home Solar System

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Home Page > Home and Family > Solar Panels For Your Home Save Thousands on the Cost of a Home Solar System

Solar Panels For Your Home Save Thousands on the Cost of a Home Solar System

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Posted: May 08, 2010 |Comments: 0
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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 considering the fact that home solar panels are an extremely eco-friendly tool. why doesn\’t everybody have them? After all, they can help to reduce your energy bills by a substantial amount every year.

Because of the COST.

At the moment there is an 8-15 thousand pound investment required for home solar power. But is there a cheaper way…

The Home Solar Power Investment

For those people that do have the financial backing to take the home solar power plunge, it is very important they understand the scale of the investment they are making. It can take 15 years until the solar system pays for itself and another 15 to see the true profit potential.

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

We are going to 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

So it would take roughly 14 years to payback or recover your initial investment. And since solar technology has been proven to last for 30 years or more, you should have at least 15 years of pure profit.

But with today\’s economy it is very difficult to raise the kind of cash needed to invest in solar power even if we wanted to. How many of us are prepared to justify such a significant investment at the moment?

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

DIY solar panels for your home allow you to build your own panels for around 100 each, so you can spread the cost of your solar energy 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 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 join thousands of others and build your own home solar panels? I hope I\’ve shown you that you can save money and help the environment without taking such a massive investment. Of course you\’ll need a proven step-by-step instruction series to really make the most of your ambition.

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David Thorpe –
About the Author:

Want to save money with Solar Panels For Your Home? Find out how to make PV Solar Panels and generate your own solar electricity.

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solar panels for your home uk, diy solar electricity system, home solar power

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Solar Panels For Your Home Save Thousands on the Cost of a Home Solar System

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