{"id":1331,"date":"2022-01-07T05:12:19","date_gmt":"2022-01-07T05:12:19","guid":{"rendered":"https:\/\/nfsgarden.com\/?p=1331"},"modified":"2022-04-30T09:37:32","modified_gmt":"2022-04-30T09:37:32","slug":"do-solar-panels-make-for-a-sensible-investment-for-your-home-all-the-benefits-and-various-charges-you-need-to-know","status":"publish","type":"post","link":"https:\/\/nfsgarden.com\/do-solar-panels-make-for-a-sensible-investment-for-your-home-all-the-benefits-and-various-charges-you-need-to-know\/","title":{"rendered":"Do Solar Panels Make For A Sensible Investment For Your Home? All The Benefits And Various Charges You Need To Know 2022"},"content":{"rendered":"\n

Despite general agreement on the need for cleaner energy, it seems that offering a financial incentive is the actual key to making the globe a greener place. Western governments have been tripping over themselves in recent years to create plans that make the installation of private solar panels an appealing proposition for house owners. <\/p>\n\n\n\n

Solar panels are often seen as a wise investment, particularly in times of economic instability. And, based on an estimated 37% spike in purchases in the United States in only one year, the sales pitch seems to be working. So, are solar panels really superior to a savings account? Or, more accurately, are they a formula for physically burning your money?<\/p>\n\n\n\n

There Is Money To Be Made, Not Only Saved<\/strong><\/h2>\n\n\n\n

Installing a PV (photovoltaic) system on your roof would undoubtedly reduce your power expenditures. However, considering the high installation cost, if the only incentives were a moderate utility savings and a strong desire to protect the environment, installations would not be nearly as popular as they are.<\/p>\n\n\n\n

The attractive Feed-in Tariff systems (FIT) that governments are giving are the key to their appeal.<\/p>\n\n\n\n

Under these terms, the government pays for every unit of energy produced by your private solar panel, regardless of whether you use it or it is used by the national grid.<\/p>\n\n\n\n

The good news doesn’t stop there. Homeowners that install solar panels are eligible for tax breaks. Solar panels, far from being only an inducement to become green, may actually prove to be a wise long-term investment.<\/p>\n\n\n\n

Choose Carefully And Re-Invest<\/strong><\/h2>\n\n\n\n

Although the potential rewards are very tempting, there are of course possible pitfalls to consider before you rush and book an installation.<\/p>\n\n\n\n

Location:<\/strong><\/h3>\n\n\n\n

Sun rays are the key to generating solar income. \u3000So, 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.<\/p>\n\n\n\n

The Future:\u00a0<\/strong><\/h3>\n\n\n\n

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. \u3000It is highly unlikely that you will be able to take the panels with you when you do decide to move.<\/p>\n\n\n\n

Maintenance:<\/strong><\/h3>\n\n\n\n

Like any infrastructure, you can expect some wear and tear to all solar panels. \u3000Make sure that you factor in the cost of upkeep.<\/p>\n\n\n\n

FIT Changes:<\/strong><\/h3>\n\n\n\n

Keep an eye out for possible changes in the government\u2019s energy purchasing offer. \u3000For instance, the UK government is already altering the terms of future plans due to the large sums that they have been paying out. \u3000However, given the likelihood of a legal challenge, it is unlikely that the authorities will look to change existing deals.<\/p>\n\n\n\n

Property Value:<\/strong><\/h3>\n\n\n\n

It is too early to comment on whether adding solar panels to your roof would increase the value of your home. There will undoubtedly be more clarity in the future years, but it is a crucial issue if property prices are a significant problem for you.<\/p>\n\n\n\n