The Costs of Solar Technology vs. Feed in Tariffs. The Cheapest Option Isn't Alwayts Best!
Deciding to go solar will undoubtedly cost the average homeowner between £8,000 and £14,000, although usually this initial cost is usually
repaid over time in the savings made on energy bills. Another consideration is that usually, the more your system costs the more
you are likely to save in the long run. The quality of the equipment purchased also plays a role in the amount of savings to be made. Cheaper
less efficient PV solar panels cannot generate the same amount of electricity, reducing their electricity yield per hour. The number of PV solar
panels installed and their orientation will also make a difference to the amount of energy generated and with the rapid way that the technology
is progressing, we should expect ultra-effective solar panels to be on the market during the coming years. The choice of solar equipment can be
astounding but there are a number of companies offering a great deal on the installation renewable technology. Some companies offer
*free solar installation and the use of the electricity generated is also free of charge. The make a return on their investment by keeping
the rights to the income from the feed in tariff. *These have become known as "‘free solar’ or rent-a-roof schemes"
Solar Technology Regulations & Guarantees
There are different planning permission rules for roof mounted and free standing solar PV and Solar Thermal panels throughout the UK - always
remember to consult a professional solar installation company before committing to a solar technology project on your home.
Wales & Northern Ireland
- currently there is not any specific legislation in regard to the installation of Solar PV and
solar thermal panels for private use. All the documentation found online at the current time strongly urges homeowners to consult directly with
their local authority regarding planning permission before they have anything installed.
- there are additional planning permission rules which need to be adhered to, including one condition that Solar PV
and solar thermal panels must be removed when no longer in use. For maximum efficiency solar panels are usually installed on a south-facing
roof and where there are no obvious obstructions to sunlight such as taller building in front of yours and large trees that could block the sun’s
rays from reaching the panels. A general rule of thumb is that the panels must never be higher that any chimney. It is not advisable to try
this on your own, use an accredited solar installation company. You should also insist on an
Insurance Backed Guarantee
to protect your financial investment in the project.
*Warnings abound regarding the "rent a Roof schemes" Homeowners do not realise that they
have effectively leased their roof to another company for up to 25 years.
Mortgage lenders and finance companies do not like these schemes, making it incredible difficult or just too expensive to switch lenders.
Often the best interest rates are obtained by switching lenders, not something that can be easily done if you have a free solar installation.
The Council of Mortgage Lenders and RICS have warned home owners that people could face terrible problems when it comes to try selling their home.
Prospective buyers are also put off by the legal implications of such schemes. There is an excellent article on this at the
Solar Power Portal