Renewable Energy – Solar Power

Renewable Energy – Solar Power

In the search for a greener and cheaper renewable energy sources to replace fossil fuels, the innovative use of solar power has come to the fore. Every single day solar energy equivalent to the electricity 5.9 billion people would use in 27 years, is delivered to the earth. As fuel prices rise, the price of solar panels has fallen, thanks mainly to investment in new solar power manufacturing facilities.

How Solar Energy is Acquired

Manufacturing of solar panel technology which converts sunlight into electricity has grown at a yearly rate of more than 40% in recent years.

Solar Photo Voltaic systems (Solar PV) consist of cells formed from layers of semi conductive silicon like material. An electrical field is created when sun light shines onto the cell, this electricity runs through a cable to a central point usually in the roof space. There the electricity is converted from a direct current [DC] to an alternating current [AC] and delivered to your home and power outlets.

Incentives for the Homeowner

There are two prime benefits of the installation of solar photovoltaic panels. Once the investment in the installation of solar panels has been made, any electricity produced is free and fed directly into the power supply of the home.

Solar Power - Feed-in Tariff

The government has introduced a 25 year government incentive in the form of a Feed-in Tariff scheme. This allows any unused electricity to fed into the National Grid automatically.

Any power you import from the National Grid is noted by a two way meter, which actually runs backwards when your home is generating electricity. This means you will be supplying the National Grid with ‘Green Energy’ and making a profit. This is a tax free, fixed rate income, saving you money while reducing your home’s carbon footprint.

Invest in Solar Panel Installation

The Photovoltaic system is the most popular type of solar panel converting sunlight into energy, giving an approximate investment return of 10% per year. Solar panels are noise free and extremely low maintenance. In the commercial sector energy prices are set to rise by up to 60% by 2025. This will make it increasingly difficult to run PCs', printers and fluorescent lighting and machinery as we do currently.

Solar power can be a very attractive investment. It will help you reduce your carbon footprint and can be offset against company corporation tax profits.

Solar Panel Installation Contractors

Please call Livewire North West Ltd now on 01695 726146 to discuss how we can help you generate your own low cost, green electricity.

Renewable Energy – Online Payment

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