The only thing preventing people from installing solar equipment has always been the expense. The upfront investment has prevented many individuals from going solar and in the past it was so expensive that it was not possible for people to get a return on their initial investment Because it did not make sense financially, the only people willing to put their money into going solar, were those who were fairly well off and more concerned about environmental issues than achieving a return on an investment.
But thankfully, the cost of solar equipment has gradually declined in the last 20 years. When comparing the cost of solar equipment now with prices two or three years ago, you will find costs are now around 50% less. The sheer scale of this price drop is huge. Over the next ten years, experts believe that the industry will grow by 600%
These days, 50% of the population could produce solar electricity for less than the cost of other traditional, non renewable sources of energy. With utility company prices escalating at a fast rate, many other places will also be able to achieve this soon.
Across Europe there has been a noticeable increase in the number of homes with new solar systems in the last couple of years. Before long many more homeowners wanting to protect themselves from the utility company’s price hikes will also follow this same path.
If you are wondering if now is the right time to think about making the switch and generating your own electricity then the answer is probably yes. The potential savings you could make are dependent on a variety of factors. The size of your system, the quantity of sun, tax credits and rebates available in your local area will all affect the return you achieve on your investment. Do your calculations and work out the details to see what you could be saving. There are a number of calculators online to helpassist you to work out all of the costs that are relevant to your particular situation.
Basically you need to establish how much solar electricity would cost per kWH and compare this with the amount you are currently paying to see whether a system would be viable. Look around for the best deals and choose an experienced company. Even if you cannot afford to invest in a system that can handle all of your energy requirements immediately, you can still make some significant savings and reduce your current costs.
Searching for Cornwall MCS Companies? Solar Systems was one of the first UK Solar Installation companies to be fully accredited to supply and fit domestic systems, we have installed hundreds of systems throughout the South West. Go for MCS PV Installers.