Blogs

The Cost Saving Power of Solar Panels

Solar power is an energy source that can help bring the cost of running your home down. Solar panels can increase your overall property value, allow you to earn money back by selling your unused electricity back to the grid under the ‘smart export guarantee’, and can reduce your overall energy bills by using a battery storage solution to use energy stored during the day to run household appliances, thus reducing your dependency on your energy provider. Solar panels can also be installed quickly, sometimes in just one day, and once installed, have very little maintenance.

Solar panels typically sit on the roof of your home, to catch the sunlight and convert it into clean electricity which can be used to power your household appliances – reducing your energy bills and your carbon footprint. The solar panels’ direct current (DC) is converted into alternating current (AC) by an inverter, ensuring that any energy can be used in your home safely.

Let’s explore how solar panels can provide lasting value and reduce your future expenses.

Increasing Your Property Value

Installing solar panels onto your property can increase the value of your home. This is because a) relying on your own source of electricity will reduce your energy bill & b) solar panels are an added extra to your house – similar to a conservatory or extension would be – meaning the price you sell for will reflect that.

Smart Export Guarantee

You can earn money back by selling any of the electricity generated through your solar panels through a government scheme; the Smart Export Guarantee (SEG). You can earn back up to 0.08p per kW/h, which when a typical 300-watt (W) solar panel produces around 922.5 watts per hour per day, could end up really adding up over the month.

Minimal Maintenance

There’s very little maintenance needed after installing your solar panels. On average, you’ll only need to clean them a couple of times a year. Keeping on top of cleaning can increase energy production by up to 15%. However, if something does happen to your solar panels, or they develop a fault for whatever reason, you have peace of mind with Dragon Renewable Energy since you’ll get manufacturer’s warranty.

Reducing Your Energy Bills

Supplementing your electricity with Solar PV can save people up to 25% on their energy bills, meaning that you’ll no longer have to solely rely on your energy provider. For instance, you can avoid being massively affected by any price rises or outages that may occur when you gain energy independence.

Saving money and sustainability are at the forefront of everyones minds in 2024. They both play a crucial role when deciding on switching major parts of their everyday lives, like the way they can keep their cars and homes running in the most efficient way possible. Head to our website to learn more about solar panel installation & other greener ways to keep your household running, or feel free to contact us to learn more.