Unless you’ve been living under a rock you must’ve heard that electricity can now be produced by alternate methods. Some of the most common alternatives include using wind energy, solar energy, hydro energy, and even the usage of bio waste to produce electricity. Amongst all these, producing electricity using solar panels is the most popular because it can easily be installed over your roof and can quietly produce electricity while reducing your electricity bill.
In UK, solar panels are most popular source of alternate energy and around 80% of Brits support the generation of electricity through solar panels. Also, 15% of total energy demand of the UK is expected to be met through electricity produced by solar panels. This popularity in solar panels is not just an irrational exuberance. There is proof that it can cut the electricity cost. How? Read on and you’ll have the answer.
How Solar Panel Works?
Sun rays produce electromagnetic radiations that are then converted into electricity. This electricity is then transmitted throughout your home via circuitry. It is important to note here that the energy demand of your home can not be completely supported by the solar panels installed on your house’s roof, but it will surely reduce your electricity bill to some extent.
Are all The Solar Panels Same?
Glad you asked. The answer is a big NO! Some are more efficient than the others. Broadly speaking, there are two of solar panels that will reduce your electricity costs. First is the crystalline silicon one that converts 23% of sunlight into electricity while the other ones that are used in satellites can convert 50% of sun light into electricity.
How Long Will It Work?
Solar panels are a long term investment that will provide you with a benefit of reduced electricity bill for a period of over 25 years. That’s right. Most solar panels will come with a warranty of 25 years but if they are maintained properly and cleaned on a regular basis, they can last for 35 years.
How Much Will It Reduce My Electricity Cost?
The most obvious reason to buy a solar panel is to reduce the electricity cost. Typically, it will reduce around 30% of your electricity bill. This may not seem much but considering that you will save 30% of your money for 25-35 years, it definitely is a good value for your money.
The electricity that you receive is priced in such a way that it also includes various operational costs that the electricity generation company is charging you. After all, they are running a business not a charity. But the cost of electricity produced in home is that cost for which you bought your solar panel and got it installed. There is no other cost so you will essentially be consuming electricity for free by using the blessing of the Mother Nature ‘The Sun’.