Connect with us

Hi, what are you looking for?

Metaverse CapitalistsMetaverse Capitalists

Business

Cost of living crisis drives solar panel sales boom

Just over 3,000 solar installations are being carried out every week, according to trade association Solar Energy UK, up from 1,000 a week in July 2020.

One provider said this month it had seen enquiries about solar panels rise tenfold.

“More solar panels are being put on British roofs than ever before,” said Chris Hewett, chief executive of Solar Energy UK.

The fact that renewable energy helps protect the planet has always made it an attractive option.

The way they work is simple: the panels absorb sunlight through photovoltaic cells which convert it into electricity that can be flowed through your home, or into a battery.

The process significantly reduces the amount of electricity you will need from the network.

People who have successfully installed solar panels report saving hundreds of pounds on electricity bills.

But they are not the answer for everyone, as installing them means an upfront investment of thousands of pounds and you’ll need the right type of property.

Soaring energy prices, however, have slashed the time taken to recoup your initial costs.

Not everyone will own a home that can benefit from solar energy, especially if you own a north-facing property, or your home is largely shaded.

“Solar panels are perfect for residential properties with a south, east or west-facing roof, preferably without any shading,” says Mandip Bhamra, head of renewables at SaveMoneyCutCarbon.

“Depending on how old your house is, you may want to check your roof is structurally sound before fitting the solar panels onto it,” says Brian Davenport, owner of The Solar Centre .

He says most installers will have access to a structural engineer for calculating the wind-load should a roof show any signs of distress.

“There should also be a small amount of room made available in your loft for the inverter, which is roughly the size of a microwave,” he adds.

If you live in a flat you’d need to discuss the issue of installing solar panels with other residents and the freeholder.

“For a block of flats, most roofing should be fine, and with some flats where there is excess land, these can be placed in the ground too,” says Mandip Bhamra.

Read more:
Cost of living crisis drives solar panel sales boom

    You May Also Like

    Stocks

    In this edition of StockCharts TV‘s The Final Bar, Dave shows how breadth conditions have evolved so far in August, highlights the renewed strength in the...

    Business

    In the UK, the care sector is under incredible strain, it’s good to know there are people working hard to address the issue. One...

    Politics

    On January 10, the French government announced plans to raise the retirement age from 62 to 64. The change would mean that after 2027,...

    Business

    With the increased threat of industrial strike action looming across the UK, we consider whether a force majeure clause can strike the right chord...

    Dislaimer: pinnacleofinvestment.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 metaversecapitalists.com | All Rights Reserved