With energy costs constantly rising, it’s more important than ever for homeowners and businesses to find ways to cut down on their energy bills. Fortunately, there’s a fantastic environmentally conscious solution; solar panels. Not only do solar panels benefit the environment, but they also offer significant long term savings on electricity expenses.

With over 30 years of industry expertise, PHS have identified seven ways that solar panels can dramatically reduce your energy bills.

In this blog, we’ll go over how solar panels work, their cost efficiency, environmental impact, and more, so you can make informed decisions about solar panel installation.

Harnessing the Infinite Power of the Sun

It’s easy to overlook our unlimited (and best of all, free) energy source; the sun! Every single day, our sun bathes the Earth in an incredible amount of energy. In fact, just one hour’s worth of sunlight could fulfil the world’s electricity needs for an entire year (if enough solar panels were installed!)

Solar panels allow us to use this abundant and renewable resource, converting sunlight into usable electricity. By utilising this natural power source and greater solar panel efficiency with the latest renewable technologies, you can greatly reduce your reliance on traditional and expensive energy sources.

Switching to solar energy (clean energy) with a reputable solar energy supplier is not only a good investment for the long run with high potential savings on energy bills, but short-term it will help massively with the world’s dependence on fossil fuels and the national grid.

Participating in Net Metering Programs

Investing in solar panels opens up opportunities to participate in net metering programs as well. During sunny periods when your solar panels generate more electricity than you need, any excess power is sent back to the grid. When you generate excess electricity or excess solar energy with your solar panels (stored in a solar battery via a solar inverter), your utility company rewards you with credits.

These credits can be used to offset your energy consumption during times when your solar panels aren’t producing as much electricity, like at night. You could save substantially on your energy bills with a solar PV system, with studies showing an average annual reduction of 50%.

The average savings of installing solar panels compared to traditional power sources can be up to £100 per month (depending on roof space, roof orientation, sizes of UK households, and hours of direct sunlight) but do vary depending on many factors.

Cost Efficiency Of Solar Panels

Although solar panels may have a bigger upfront cost, it’s essential to view them as a long term investment. Recent technological advancements have considerably lowered the expenses of installing solar panels. Additionally, there are government incentives and tax credits in areas that further help reduce the overall estimated costs.

On average, solar panels pay for themselves within 6 to 12 years, providing decades of practically free energy and yearly savings on electricity and heating bills. Renewable technologies overall are more cost effective, and an air source heat pump paired with an average solar panel system can contribute massively to energy saving bills.

Increased Property Value With Solar Installation

Solar panels could also substantially enhance the value of your property. Research has revealed that homes equipped with solar panels tend to sell and at higher prices compared to homes without them.

It’s not surprising that homebuyers are increasingly attracted to energy properties that offer the added advantage of reduced electricity expenses. That’s why we highly recommend investing in panels if you have plans to sell your property in the future, as the installation costs are outweighed by the yearly savings and future selling potential.

Flat roofs in particular are perfect for solar panels, as they often offer more space, which means more electricity. Solar panels on flat roofs can be tilted in any direction to capture more direct sunlight and harness the sun’s energy to turn into free electricity.

Environmental Impact Of Solar Energy

Solar panels play a huge role in promoting sustainable living. When you make the decision to adopt solar energy, you actively contribute to the reduction of greenhouse gas emissions, which plays a crucial role in combating climate change. As electricity usage rises, so do electricity bills, and a solar panel grants access to clean energy which can then be used for electric heating and to generate electricity for later use.

According to the Solar Energy Industries Association (SEIA), an average residential solar panel system has the potential to offset 100,000 pounds of carbon dioxide over a span of 20 years – that’s equivalent to planting around 2,500 trees! By going solar, you can take control of your energy consumption and significantly decrease your carbon footprint.

Solar Battery Storage

Pairing solar panel systems with battery storage takes your energy savings to another level. During days when your solar panels generate extra energy, you can store this surplus electricity in batteries. Then, when the sun sets or during cloudy periods, you can rely on this stored energy by drawing power from the grid, ensuring a constant supply of energy.

With battery storage, not only do you ensure a continuous supply of energy, but it also helps lower your electricity bills and makes you less vulnerable to power outages and disruptions in the grid. How much energy you can store depends on the battery storage you choose, but the annual savings can be large.

PHS: Solar and Heating Solutions That Save Money

While it’s widely known that solar panels are an alternative compared to other sources of energy, many people are unaware of the numerous financial benefits they offer. Here at Project Heating Solutions, we understand the potential of energy in transforming how we generate power for our homes. As a leading provider of renewable energy solutions in the UK, our focus is on offering energy solutions that meet all your heating requirements and start you on your solar savings journey.

So, why not take action now? Get in touch with us today to discover more about how you can use this valuable energy source to be more environmentally conscious and save money in the long run.