9 Myths about Solar PV Panels

1. Government Grants have stopped

False – The Feed in Tariff payments are still available for Solar PV panels and once agreed are guaranteed for 20 years and cover 80-90% of the system costs.

 

2. Solar PV panels only work in bright sunshine/summer

False. Only daylight is required. Solar PV panels generate electricity from daylight so they also work when it’s overcast, raining and during all months of the year. In fact, they work at their peak when cool! The average household electricity consumption is 3300KWh per year, a 4KWp Solar PV panel system will produce 3400KWh per year

 

3. My money is safer in a bank or building Society

False – Most savings accounts offer you between 2.3% – 4% An average 4KWp Solar PV panel system returns between 7%-10%

 

4. Your Solar PV panels have to face south

False. East or west facing panels are slightly less productive, but only by about 15-20%.

 

5. It takes 20-30 years to get your money back from Solar PV panels

False. Advances in technology and the Feed-in Tariffs have greatly reduced ‘pay back’ time. The average payback term is 7 years.

 

6. Solar PV panels lose efficiency quickly

False. Most Solar PV panels are guaranteed for 25 years to be 80% efficient, minimum.

 

7. I only have a low electricity bill, I have no need for sustainable technologies

False. The UK’s average price per KW is £13.86p one of the lowest in Europe. The average price in Europe is 20.80p. As the UK produces very little energy, supply and demand shows that the energy prices are only going to go up. In fact, one of the predictions of the impact of Brexit will be that our energy could increase by 40% by end of 2020. A sustainable system protects you against rising energy costs as you produce your own energy.

8. If I utilise a Solar Loan, I will not own the system

False. You will own the full system and you will receive all the government grants and energy savings direct to your bank. The solar loan is also unsecured, so you do not need to offer personal guarantees etc.

9. I need planning permission

False. Only if you are living in a conservation area or area of natural beauty.

Why not see if your property would be suitable for a Solar PV panel system and find out how much you could save. Simply give me or my team a call on 0345 609 9323 or email leads@energygain.co.uk to request further information or to book a no obligation free consultation.