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Some Things To Consider When Buying Solar Panels

When it comes to making a significant investment in purchasing a solar photovoltaic panel system, you really should do your homework and find out about things like how the Feed-in-Tariff scheme works and how best to go about finding a suitable installer. There is a lot of information available on the Internet but we thought that you might find our list of some of the things that you may wish to consider prior to purchasing a solar panel system useful.

There are a number of factors to look into when considering buying solar panels

Quotes

You should consider getting three quotes for the installation of solar panels. You should contact installation companies that are registered with the Microgeneration Certification Scheme (MCS). This is a quality assurance scheme that has the full support of the Department of Energy and Climate Change (DECC).

It should be borne in mind that in order to qualify for the Feed-in-Tariff financial incentive scheme you must use a company and products certified under the MCS.

Obtain references by speaking to some homeowners that have had solar panels fitted by a company you are considering using.

Analyse the potential financial benefits

Don’t rush in to purchase a solar panel system without first establishing that it is potentially going to be financially viable. A reputable installer should be able to provide an estimate of the possible monetary benefit making certain assumptions.

This is a significant financial outlay and you need to be as sure as you can be that it is financially viable. In doing so, one of the things that you need to consider is the implication of the Feed-in-Tariff scheme and the factors that can affect it such as electricity price increases and inflation. Also the purchase price of the solar panels will need to be taken into account and whether you have had to borrow funds towards the purchase or whether you have had to use some of your savings and how much interest you would have earned on those monies if they had been left in the savings account.

Impact on your house price

It is difficult to judge if the amount that you have spent on a new solar panel system will increase the value of your home by a comparable figure. Investing in a solar panel system should not be made on that basis alone.

Location of solar panels

The two most popular options are either to install solar panels on the roof of your property or they could be ground-mounted in your garden. There are a number of factors that affect that decision such as the efficiency of the solar panels in a particular location and the available space. A roof is not used for anything other than to keep your home protected from inclement weather whereas your garden may well be being fully used.

Take your time

Do not rush in and make a quick decision because you have been told by an installation company that: ”Our offer finishes on Friday” – take your time.

We hope that the above is useful.

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