Recent years have seen the cost of energy rise higher than ever before, and industry experts believe they will rise even higher. Out of all household expenses, heating and lighting is usually the most expensive bill people incur. This is an age when the public are more aware than ever before of their CO2 emissions and the environmental issue involved in using nuclear power.
When it comes to tackling the soaring energy prices of utilities companies, investing in solar power can offer a viable alternative. Solar PV panels use the sun’s light and radiation to generate energy to power your home or office in an environmentally sound way.
Industry insiders believe that energy prices will rise by 60% over the next decade, so investing in solar technology for your home or office can be a great solution. Solar PV panels allow homeowners to generate their own power, cutting down their energy bills in the process. Having the potential to generate your own power can also increase your home’s resale value by 1% when you choose to sell.
A new tariff introduced in April 2010 has given solar users even more financial benefits. The tariff allows users to sell on any surplus energy their panels generate to the utility companies at a higher rate. So if you go on holiday, you can sell your unused energy back to the national grid, at the provisional rate of 36p per unit.
To set up your own solar PV panels in your home or office requires only a one off purchasing price and installation fee. However, the panels will significantly lower your household bills, lower your CO2 emissions, and even give you the ability to make money off your excess energy, and the panels themselves require very little maintenance. With the energy prices rising, there is no better time to invest in solar PV panels to reduce your household costs.
Find out more about solar pv panels
