With energy costs dominating news headlines and the Government’s goal to become a carbon neutral nation by 2050, the focus on sustainable energy production at home has intensified over the last few years.
One technology which can reduce both CO2 emissions and energy costs is solar panels, or less commonly, photovoltaic cells. While the benefits of solar panels somewhat speak for themselves, many people still ask the question: Are they really worth the investment?
Solar energy is free
Arguably the most obvious benefit of having solar panels fitted to your house is that you won’t have to spend a penny on the electricity they produce. As well as saving money, they also help homeowners reduce their carbon emissions, as solar energy is completely green and renewable.
Related: How to winter-proof your home
Solar panels may be expensive to fit
Solar panels are a long-term investment, so the initial cost is an important consideration if you’re thinking about adding them to your home. While the price of installing solar panels is substantial, you might be able to get your money back either through your energy savings or by increasing the overall value of your home.
Solar panels will add value to your home
Research from Dataloft shows that solar panels on average cost £5,875 to fit, but can add a whopping average value of £11,500 to the property, making them a worthwhile investment for those selling their homes.
Related: The importance of a precise valuation
Ongoing savings
The ongoing savings achieved through solar energy is highly attractive to buyers and a great perk for homeowners. High energy efficiency is more than just a trend – it is a lifelong investment which you can reap rewards from whether you’re a buyer or a seller.
As legislation tightens around EPC ratings and modern buyers seek out more eco-friendly homes, investing into your property’s energy efficiency is a great way to future-proof its resale value.
Do you have to look after solar panels?
Another benefit of solar panels is that minimal maintenance is required once they have been fitted. As long as they are clean and not shaded by anything, they will continue to work with little interference.
A tiled roof will require even less cleaning as rain can help to remove dirt, which means they should only need the occasional check-over. Solar panels also benefit from a lengthy lifespan, ranging from 25 to 30 years with most manufacturers offering production warranties within this time.
Solar powers do not need direct sunlight to create energy
One of the most common misconceptions is that solar panels only work when the sun is shining down on them. Although maximum efficiency is reached when it’s bright outside, electricity is still produced on cloudy days and throughout the winter. However, it is true that electricity cannot be produced overnight, but a storage system resolves this problem.
Costs for a solar battery can be paid off by selling excess energy to the national grid, and doing this will make you 100% energy independent.
For more tips on adding value to your home, contact your local Ellis & Co agent.
