I saw a headline today on ‘Saving hundreds of pounds on your energy bill’.
Naturally, I wanted to find out how.
It’s solar panels.
Now, I remember us looking into this several years ago, and after taking into account the cost of installation (some £10K at the time), it was a lot of money to fork out in order to save some.
I’m not knocking it!
We already know of savings in the boating community by having solar panels on the roof and were thinking of fitting them too when TSHTF and we had to sell.
Still, I read on………….. well, you would, because we all want to save a few quid.
I did so love the website concerned where, having confirmed you were a homeowner, you had to say which age bracket you were in, whether you were male or female (it makes a difference?) and then as you progress through the questionnaire, your address, email address and current energy costs per month.
In the summary, they say ‘up front costs’ have reduced considerably (by as much as 30%), and that as sunlight is free, once you’ve paid for the panels, you can start reaping in the savings (Note: ONCE YOU’VE PAID FOR THE PANELS.…………) and that you can reduce your carbon footprint as solar energy is one of the most environmentally friendly.
I found a website in the US which suggested the average home installed a 6,200 watt solar panel system at a cost of $18,600 which equates to £14, 230. That’s more than a year’s income for us.
Hubby is the energy calculating genius and we would probably need a little less than that in our current property, a two bedroom well insulated bungalow with double glazing, energy saving lights and appliances, plus no TV, dishwasher or tumble dryer.
Also taking into account our daily usage of electricity is 3Kwh, that’s around 1100 kwh per year, and our bills about £276 pa. So in order to save ‘hundreds of pounds’………….. well, you do the math.
Here in the UK, many people have opted for solar panels, thinking they would not have to pay any electricity costs at all. Hm. Some small print says the energy you ‘produce’ is sent to the National Grid and you get your usge at a reduced price. Others say that you don’t actually own the solar panels and they are on lease, so that should you decide to move, you cannot take them with you and the new owners would have to take over any contract.
I did read about a government incentive all those years ago but again reading the small print, their contribution towards costs was paid to you in £500 increments over a twenty year period. I don’t know if this is still in force though.
Another little snippet on the US website stated that of the total installation cost, only about 15% actually related to the panels themselves. The rest was made up of labour, wiring, hardware (fair enough) plus design, fees, sales taxes, marketing and sales processing.
Bet you don’t get refunds for advertising their product for free on your roof though.