The charges for fossil fuels on the world markets seems to always be on the increase, through supply problems or political wrangling in oil producing areas. For the customer what seems to be a constant round of power price rises might well make them check up on alternatives. Such exploration might well reveal that Solar Panels are a viable power supply for customers since they can be installed on most houses and deliver a supply of free power. Obviously there is a charge involved and the Solar Energy Costs for a typical family home are approximately £12,000. For these Solar Energy Costs the customer receives a Solar Energy Panels system with a making output of 2.7 kW, which is assessed to be equivalent to 50% of a typical family’s power demand.
Offering 50% of the power a customer uses for Solar Energy Costs of approximately £12,000 might seem like a high price to pay, but there are financial advantages available to the customer in the form of the feed in tariff. This feed in tariff was created by the government to support customers and companies that took up renewable energy technology. In the case of Solar Energy Panels the customer is paid for every kWh their Solar Energy Panels system delivers, and if any power is created but not used and this unused power is then transferred to the grid, the customer is paid for this in addition.
The combination of feed in tariff payments and savings on power bought from a utility business can total approximately £1,170 per year, which then gives a repayment window of approximately 10 to 11 years for the Solar Electricity Prices. There is nothing to stop a keen customer from improving the family’s power demand techniques and reducing this repayment window. Simple modifications such as turning off audio/visual devices at the end of the day can help, and using devices that have a heavy power demand, like washing machines, during the day can maximise the power created by the Solar Energy Panels system and reduce the repayment window for the Solar Energy Costs also.
