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Solar panels - One time investment that will help you earn profits for the years to come. The reason why 500,000 (as of 2014) households have installed solar panels in the UK is the return on investment associated with them. Solar photovoltaic (PV) panels provide dual advantage: reduces your energy bill and helps you get paid for extra electricity generated by your PV systems.
Solar PV panels convert solar energy into electricity. They can produce electricity even during the gloomy UK weather condition. A 4kWp PV system has the capacity to generate electricity sufficient to meet energy needs of a typical household in the country. With increasing demand of PV systems in the UK market, the cost of these systems has reduced in recent years. The average domestic solar PV system costs around £5,000-8,000. Due to the financial incentive offered by the UK government and low initial investment, you can reap maximum benefits from solar PV panels.
Electricity production by solar PV panels varies in different regions of the country. Households located in South England will produce more solar electricity than households located in Scotland. Despite location variation, people can take advantage of government Feed-in-Tariff (FiT) scheme and lower their energy bill by installing solar PV panels.
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