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How can we future proof our wallets from the rising electricity costs? The energy companies have the power to increase energy prices and thats exactly what theyve been doing. So investing in solar now could be a really smart move and theres some reasons why.
Solar isnt as much as you thinkLong gone are the days of solar panel system that cost £15,000. The demand and popularity of solar panels slowly lowered the prices of systems since 2011. Like any new technology, its expensive when its first introduces into a market. Now solar panel systems are only a fraction of what they once were. In Pembrokeshire youre typically looking at paying £6000 for a 4kW system. Remember to see the installers accreditations and reputation before placing an order.
Get the FiT whilst its hereThe Feed-in-Tariff has fuelled the popularity of solar panels for early adopters, many people had solar as an investment opportunity and they were rewarded with fantastic returns. The same investment is still there for the taking. Not only would you be future proofing yourself against rising energy costs, but you would still be getting the Feed-in-Tariff for a guaranteed 20 years! Remember your solar pv system must be installed by an MCS accredited installation company in order to claim the FiT.
Battery Storage is hereThe way solar energy is consumed is changing, with the rise of battery technology you dont need to use your solar power at the time its being generated. Now you can store the energy in batteries ready for when you need to use it. Without a battery you are exporting surplus energy in the day to the grid and then buying it back in the evening for nearly 3x more than you sold it for. Does that seem fair? Find out more about battery storage by clicking here.
Use the energy, even when youre outSelf-consumption devices have also undergone a transformation, becoming smarter and more efficient. You can invest in devices which could heat your hot water tank, underfloor heating or storage heaters with surplus energy from your solar panels. This means you could come home from work to a free hot tank of water and the devices arent as much as youd think. Sounds too good to be true? Find out more here.