This report compares uk domestic solar panel costs and returns over the period from the launch of the feed in tariff in 2010 through to january 2019.
Domestic solar panels uk.
Installing solar pv panels and turning your home in to your own little power station can reap you many rewards across the 20 30 year lifespan of solar panels.
Returns from solar are a balance of the cost of solar panel installations the feed in tariff rate available and electricity savings.
Solar tile systems are not normally as cost effective as panel systems and are usually only considered where panels are not considered appropriate for aesthetic or planning reasons.
Why solar panels in the uk are a great option.
Pv solar panels may reduce energy bills by about 70 with the system paying for itself in eight to twelve years depending on your household s electricity consumption.
The energy produced by the sun solar panels also known as photovoltaic systems use semiconductor technology to convert energy from sunlight into electricity that can power your household for free.
Solar panels capture solar irradiation and convert it into free green electricity for your home.
Solar panels take advantage of one of nature s most powerful yet free resources.
Your home will use both electricity from your solar panels and from the electricity grid.
You can not only save on your yearly electricity bills you will also earn some extra money from the government with the feed in tariff scheme fits.
When you generate more solar electricity than you are using the excess is automatically supplied back to the grid.