Need to Install Solar Panels Now? The Solar Panel Calculator will Tell you Why
If you are going to ask when’s the best time to purchase solar panels for your home? The answer is now. According to the http://www.getsolarprices.co.uk/solar-panelcalculator/ of experts if you will keep on delaying your plans in buying solar panels for your home, you would likely to lose a thousand of pounds which you are probably spending in your utility bills.
Although autumn may not be the best time to buy, considering this season as the best time to buy solar panels can be said worthy due to the following reasons: the solar panel prices is at its all-time low, there will be an impending 15% rise in VAT that could increase the price of the solar panels, and there will be a major drop in the feed-in-tariff by January 1 where those homeowners who were able to produce their electricity in the past months will receive a cash in return.
Based on the latest news, the price of the solar photovoltaic panels continuously plummets. Even though it is not cheap in the first place, what makes it look affordable is when you take advantage of the current feed-in-tariff rates where you are guaranteed that it will pay for itself for 20 years.
In fact, those people who have seen this coming had taken advantages the FiT rate in 2012 that is in its highest (43.3p/kWh). But since the FiT has dropped tremendously, so as the price of the solar panels.
But as of now, the great profit you might get from solar panels has its days numbered as the government is now consulting for a dramatically FiT drop from January 1 of the next year. If this proposal had pushed through, it would place a great impact on your potential returns. The generation tariff would plummet from its current form of 12.47p/kWh to 1.63p/kWh, which is believed to be an 87% decrease. And if this happen, people who still haven’t installed solar panels at home would lose interest to make an investment on them.
Why is that? Well, that is for the reason that it would take years to have the upfront cost be paid by the feed-in-tariff as well as your saving from electric bills. And since the current VAT for solar panels that is 5% has been found to be violating the EU’s VAT Directive, the government will be pushed to increase the VAT to 20% which will result to solar panel price hike but small FiT.
Resources: http://www.getsolarprices.co.uk/solar-panel-calculator/ http://peasstingy.sosblogs.com/Solar-Panels-b1/Need-to-Install-SolarPanels-Now-The-Solar-Panel-Calculator-will-Tell-you-Why-b1-p7.htm