Solar energy is a cost-effective and sustainable form of power generation. Solar panels require little maintenance, are not harmful to the environment, and produce no noise whatsoever, so there is no need to worry about disrupting your neighbours. Going solar can also help reduce your reliance on fossil fuels and help combat climate change.
How much can you save?
Solar energy may help you save money in two ways. First, it lowers the amount of power you need to buy from the grid, reducing your energy bill. Second, you may get compensated through Smart Export Guarantee (SEG) payments for generating excess electricity. It isn’t easy to pinpoint precisely how much you could save as there are many factors to keep in mind, such as how and when you use solar-powered electricity. If you are home during the day and use various high-power appliances, you will get the most out of your investment, but if you only use appliances once the sun has gone down, you will need to draw from the national grid.
What is the Smart Export Guarantee?
One of the benefits of solar energy is getting paid for the surplus energy you produce. The Smart Export Guarantee (SEG) came into effect on 1st January 2020, replacing the Feed-in Tariff (FiT). The SEG is a government program that pays homeowners for the electricity they export to the grid, making it easier for people to switch to solar. It guarantees payment for any excess energy produced. The scheme allows energy companies to decide their own rates if it’s more than zero. When writing, you can get between 2-5.6p per kWh, meaning it’s possible to make a profit from generating your energy. So, you can see why it’s a great incentive to switch to solar.
When will you make a return on your upfront investment?
Without the SEG, your solar panel savings will come from your decreased reliance on the grid. Your return will vary depending on lots of factors, but the main ones are your current electricity price and your annual usage. At a rate of 0.26p/kW and a 4500kWh annual usage we are currently seeing return of investments between 4-8 years; with higher electricity prices you can expect to see even faster returns on your investment meaning you will start generating a profit even sooner.
Can you save money on insurance?
Over the past ten years, electricity costs have been steadily growing. Solar panels may help you stay ahead of increasing utility expenses. Rather than purchasing energy from a utility company, you produce your power, so insurance against rising prices is one of the solar energy benefits.
Saving money is just one of the perks
Solar panels also offer many other benefits that are worth considering. For example, they can increase the value of your home, provide shade in the summer and even produce hot water. A solar thermal system can provide up to 60% of your household’s hot water needs. Another essential aspect is energy independence. If you have solar panels, you can generate your own source of power. As a result, you may take advantage of energy self-reliance. You don’t need to rely on the traditional electric grid any longer. You have complete control over your energy supply.
Embrace a modern, sustainable, reliable and affordable source of energy
One of the reasons solar energy is so popular is that it’s renewable, and the energy provided by the sun isn’t running out any time soon. Combine that with the lower solar panel installation costs, and you have a winning combination. The price of going solar has decreased by approximately 80% from 2000 to 2020. That’s because technology has improved considerably.
How can I get a complete renewable solution for my home or business?
As a specialist solar PV provider, Environmental Energies can conduct a site visit to assess your property’s potential for solar energy and design your solar PV system to meet your specific requirements whilst maximising your return from your renewable energy investment. We produce MCS guideline calculations on financial and carbon emission savings and organise every aspect of your solar panel installation, from the initial site visit, design and surveys to the solar PV installation, commissioning, monitoring and maintenance, leaving you to carry on running your business as usual.
Depending on your needs, we can also ensure you have access to an uninterrupted power supply for your site with a leading-edge battery solution. We’ve helped many rural homes and businesses ensure they have an instant backup in the event of an outage or voltage decreases whilst helping them save money on their energy bills by switching to battery power during higher peak times.
Why choose Environmental Energies?
- We supply, install, monitor and maintain a range of innovative energy-efficient solutions designed to help our customers reduce their energy bills and carbon emissions.
- Many of our systems have been implemented to encourage businesses and consumers to save energy and be more environmentally responsible.
- We can service, clean and repair your solar panel installation and green energy systems to achieve optimum savings and generate energy to its full potential.
- We pride ourselves on delivering exceptional service, from initial evaluation to installation and beyond.
If you’d like to learn more about us and how we can help you. Please call us today on 01858 525 407. Alternatively, please send us a message at email@example.com, and we’ll be back in touch as soon as possible.