Over the last few years the cost of energy has risen higher than ever before, and is set to rise higher still in the next few years. The cost of heating and lighting your home can be one of the highest household bills. Alongside this people are more aware of the environmental costs of using nuclear power, and many are keen to lower their CO2 emissions.
Investing in solar power is a great way to tackle the problem of soaring energy prices. Solar PV is solar photovoltaic power. Solar PV panels create energy for your home or commercial building by translating sunlight and the suns radiation into energy, which can cover most of your household needs.
Energy bills are set to rise by up to 60% every year for the next decade, so there has never been a better time to invest in solar technology. Solar PV panels will cut your household bills significantly, allowing you to generate your own power. Should you decide to sell your house, installing solar power can add 1% to the final selling price.
As of April 2010 solar power users have the chance for even bigger financial benefit. The tariff gives users the opportunity to sell the utility companies the surplus energy generated by their solar panels, at a higher rate. So for the rate of 36p per unit, you can sell your unused energy back to the national grid, for example if you go on holiday.
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
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