Do Solar Panels Make For A Sensible Investment For Your Home? All The Benefits And Various Charges You Need To Know 2021


For all the widespread agreement on the need for cleaner energy, it appears that the real key to making the world a greener place is to offer a financial incentive. Over the last few years, western governments have been falling over themselves to offer schemes which make the instillation of private solar panels an attractive proposition for home owners.

 Solar panels are being widely touted as a prudent investment, especially in times of economic uncertainty. And with a reported 37% increase in purchases in the US in just one year, the sales pitch appears to be working.  So, are solar panels really a better option than a savings account?  Or, are they simply a recipe for quite literally burning your money?

There Is Money To Be Made, Not Only Saved



Installing a PV (photovoltaic) system on your roof will certainly save you money on your electricity bills.  However, given the expensive installation fee, if a modest utilities saving and a keen desire to help the environment were the only incentives, installations would not be nearly as fashionable as they are.

The secret to their popularity is the attractive Feed-in Tariff schemes (FIT), which governments are offering.  Under these arrangements, the government pays for every unit generated by your private solar panel, regardless of whether you consume the energy, or whether it is gobbled up by the national grid.

And the good news doesn’t end there. Tax credits are available for homeowners who install solar panels.  Far from being a simple incentive to go green, solar panels can actually prove to be a sound long-term investment.

Choose Carefully And Re-Invest

Although the potential rewards are very tempting, there are of course possible pitfalls to consider before you rush and book an installation.

·Location:

Sun rays are the key to generating solar income.  So, if your house is not in a sunny area or if your roof is facing the wrong direction, you cannot expect to enjoy a maximum return.

·The Future: 

If you are thinking of moving home within the next five to ten years, then solar panels might not be the right investment for you.  It is highly unlikely that you will be able to take the panels with you when you do decide to move.

·Maintenance:

Like any infrastructure, you can expect some wear and tear to all solar panels.  Make sure that you factor in the cost of upkeep.

·FIT Changes:

Keep an eye out for possible changes in the government’s energy purchasing offer.  For instance, the UK government is already altering the terms of future plans due to the large sums that they have been paying out.  However, given the likelihood of a legal challenge, it is unlikely that the authorities will look to change existing deals.

·Property Value:

It is too early to speculate whether the addition of solar paneling to your roof will have an impact on the value of your property.  No doubt there will be greater clarity over the coming years, but it’s an important consideration if house prices are a real concern for you.

If you do decide to purchase solar panels, make sure that you re-invest the profits.  Do not let your return simply sit idle when it could be earning even more money.  Even investing it into a simple savings scheme could pay handsome dividends.

Solar panels are bringing more ‘fun in the sun’ the world over.  Germany, sun-rich Spain and the United States have been particularly forward-thinking in making sure that solar infrastructure and government support is in place for PV systems.

Even in somewhat more unlikely locations such as the Czech Republic, supply is failing to keep up with demand.  The boom in interest reflects the very real potential of a sound investment. At the end of the day, solar energy could be the key to a brimming bank balance as well as a healthier planet earth.

Find out more about solar energy power for your local home at https://solarpowerforhomeuse.com

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