With the rise in electricity costs, homeowners are always on the lookout for alternatives to save some bucks. Over the past few years, solar energy has become a popular option as a renewable source of energy to protect the environment and also save on high electric bills.
Many UK homeowners may not realize how easily they can save on their energy bills. If you plan to install Solar energy panels in 2024, now is the time to do so. Solar panels are more affordable and more efficient than ever which makes them a great investment in today’s time for your home as well as office.
Here are some of the reasons why you should invest in solar technology on your property.
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0% VAT For UK Homeowners
Homeowners in UK have the perfect opportunity to access renewable sources of power and improve energy efficiency. From April 1 2022, UK has been offering 0% VAT on the installation of solar and domestic panels which saves upto 20%.
This offer is valid for 5 years and may continue even beyond is more legislations come into effect.
Apply For Greener Home Reward Scheme And Save a further £1000
Now people in UK can opt for a Barclays residential mortgage of a total £2000 to make some energy-efficient improvements to their properties.
In the Greener Home reward Scheme, solar water heating, solar panels, and solar battery storage all of this reward is upto £1000.
Solar panel costs has been dropping for years
Installation of solar panels is getting cheaper and cheaper every year. After 2009 the cost of solar panels dropped by upto 83% which makes it the most affordable renewable source of energy available in the market.
With the constant evolution in solar panel technology, researchers predict that the prices of solar technology will drop even further. This opens new opportunities for both homeowners and businesses to transition into renewable sources of energy with minimal financial costs and commitment. Solar panels are bound to become the future of sustainable power resources in the upcoming time.
Increase your house value by installing solar panels
Solar panel installation is a great step for someone who wants to upscale either house value. It not only produces solar energy but is also a sustainable and eco-friendly way of producing electricity. Solar panel can actually boost up the cost of house and benefit homeowners. These are seen as a long term investment to increase property costs if they wish to sell in future. According to a survey installing a solar panel system will hike the house value by 14% in UK.
Save money on your energy bills
We all know how expensive electricity is. Solar power can efficiently and effectively save you money on your energy bills. Solar panels are a very common solar power option currently. They absorb high amounts of sun radiation during peak afternoon hours and convert it into electricity.
This energy conversion process does not need any fuel, which makes solar power one of the most sustainable energy sources and helps save a lot of money in the long run.
According to a survey based on energy costs from October 2022. A normal UK household can save somewhere between £210 and £514 every year on electricity bills.
One great thing about installing solar power is they require minimal maintenance when installed and the high durability makes sure that you can reap benefits for years to come. People who are looking for ways to reduce the cost of energy bills without compromising on their comfort, and lifestyle should opt for solar power.
Chandler is an avid automobile enthusiast who is passionate about all things on wheels. From the latest car models to classic vintage rides, I love exploring the automotive world’s intricate details and engineering marvels. With years of experience in test-driving, reviewing, and analyzing cars, I provide readers with comprehensive insights and honest opinions.