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Boilers, Solar PV, Thermodynamics

Is It A Good Time To Buy Solar Panels?

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If you’re thinking of purchasing solar panels and wondering whether now is the right time to buy, the answer’s a resounding yes-and with good reason!

The government’s Feed-In-Tariff scheme will continue till April 2019, enabling you to sell any surplus energy you generate back to the grid.

With fuel price hikes par for the course, and relatively little regulation in place, the demand for alternative sources is obvious; it puts the control back into the hands of the consumer, rather than leaving customers at the mercy of the market.

In the following article, we explore the main plus points for investing in solar, along with some savvy suggestions to help you get the very best deal on the table. Let’s begin!

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Over the past few years, the cost of energy has soared-making alternative sources, such as solar, a far more price-friendly proposition

Why Are Solar Panels Good, Long-Term Investment?

From improving your EPC rating to long-term reliability, the investment potential of solar is huge-and only seems set to increase.

Over the past few years, the cost of energy has soared-making alternative sources, such as solar, a far more price-friendly proposition.

But what other benefits does it boast? Take a look at the list below, and prepare to be amazed…

Investment Benefit No.1: The Price of Panels Has Plummeted

Despite the initial price tag when it first came to market, solar technology has become far more mainstream, causing the price of the panels to plummet by up to a staggering 70%.

To put this into perspective, in 2010, the average price for a 16 panel PV array was around the £10,000 mark, whereas today, you can acquire the same number of panels for £6000 or less.

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Unlike traditional forms of fuel, solar energy is completely carbon neutral, making it a more eco-friendlier form of energy

Investment Benefit No.2: They Improves Your Property’s Performance

The energy efficiency of your home directly affects what it’s worth, with premium performing properties proving favourable to prospective buyers.

Moreover, if you’re putting your property on the market, or aiming to take in some tenants, producing an energy Performance Certificate is a mandatory requirement. 

Energy efficient products, such as solar panels, play their part in ensuring your rating is as good as it could be-as well as driving down your bills whilst you continue to reside in your home.

Investment Benefit No.3: They’re an Incredibly Eco-Friendly Investment

Unlike traditional forms of fuel, solar energy is completely carbon neutral, making it a far eco-friendlier form of energy.

What’s more, as solar power is generated by the sun, it’s an unlimited resource, with no fear over stocks running out and causing concern with the supply chain.

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Keeping energy costs in check can feel like a constant challenge-and one which solar panels helps you to surmount

Investment Benefit No.4: They are Cost-Effective to Run

One of the wonderful things about solar panels is they are cost-effective to run.

In contrast to other products, they require relatively minimal maintenance; a thorough clean once or twice a year ought to do the trick.

Their unrivalled longevity also adds to their affordability; if installed by an MCS accredited contractor, they can last up to 25 years on average, and will come complete with an extensive warranty for additional peace of mind.

Investment Benefit No.5: They Keep Your Energy Costs in Check

Keeping energy costs in check can feel like a constant challenge-and one which solar panels can help you to surmount.

Your brand-new PV array will work in tandem with your existing system, providing you with a steady stream of energy to use as you wish.

Even on overcast days your panels will still be generating energy; they only require daylight to run, rather than direct sunlight itself.

As a result, your dependence on your current system will be greatly reduced, reflecting favourably on your household bills.

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Alongside the quality of the product, the quality of the service is paramount. Independent review sites, such as Trustpilot, provide a good indicator of a company’s ethics-and a chance for you to get a good idea of other customers’ experiences as well!

How Can I Get the Very Best Deal for My Solar Panels?

As with most things in life, you really do get what you pay for and this is certainly the case for solar panels.

If you’re quoted a price that seems too good to be true, it probably is; and doesn’t reflect the full story in terms of both product and guarantees.

Sub-standard panels should be avoided at all costs; if a contractor has trouble answering your questions with regards to where the panels are manufactured, then this is an early red flag.

To get the very best deal on offer, 3-4 quotes is advised; this will enable you to compare products and prices, as well as how the various packages size up against the competition.

Some warranties may be longer than others; as a rule, you should only consider a company who are prepared to issue a guarantee of at least 25 years, as this is the industry standard.

Alongside the quality of the product, the quality of the service is paramount. Independent review sites, such as Trustpilot, provide a good indicator of a company’s ethics-and a chance for you to get a good idea of other customers’ experiences as well!

Transform your home into an energy efficient all-rounder, with the help of Home Logic! Call 0800 1700 636 to get the ball rolling today!