There are numerous reasons for the home-owner to consider installing solar panels into their home when taking into consideration the recent economic recession since 2008. In recent years there has been a sharp decrease of around 20%-25% in the cost of installing solar panels and combined with the increase in the cost of energy prices, this has meant that many people are now seriously considering installing solar panels in their home.
A contributing factor to this is a scheme which was introduced by the Labour government back in April 2010, this included a ‘feed-in tariff’ to encourage householders to install solar systems. This tariff resulted in households with solar panels installed to save over one thousand pounds a year in electrical bills. When the scheme was introduced, it was considered to be an excellent investment because payments for each unit of electricity generated were guaranteed for 20 years, tax-free and most importantly, were set to rise with inflation. If the home-owner was planning to stay in their home for an extended period of time and a suitable roof, which faced to the South, the only question left to ask was how big a system to install in the home.
Therefore the combined cost of the reduction in the installation costs and the savings which are most clearly evident in the reduction of electrical bills means that installing solar power in your home is an excellent addition during these harsh economic times which have impacted upon the lives of many people in Britain.
When considering installing solar panels on your home, one must take into account certain considerations which need to be considered. There is growing evidence of dubious sale tactics and false promises evident across the solar panel market which have left many people bitter and disappointed. It is imperative that you spend time considering if a company is able to provide you with the level of service which you deserve and guarantee that you make savings which will last you a lifetime and enable you to spend your money on other, more important areas of your life.