These are questions that come to mind for many people when considering installing solar panels. In this article, we will explain how solar panels work, what the net-metering scheme entails and whether it is financially feasible to invest in solar panels.
Solar panels: what are they and how do they work?
Solar panels are panels that capture solar energy and convert it into electricity. The panels consist of solar cells, which capture the sun's rays and convert them into direct current. This direct current is then converted to alternating current so that it can be used in the home. The energy generated can be stored in batteries or fed back into the power grid.
The net-metering scheme: what does it involve?
The net-metering scheme is a scheme that ensures that the energy that is delivered back to the grid is offset against the energy that is consumed. If you generate more energy than you consume, the excess energy is delivered back to the grid and you receive compensation for it. This compensation is equal to the rate you pay for the energy you purchase.
Is it financially feasible to invest in solar panels?
Investing in solar panels is a big investment, but it can pay off in the long run. The cost of solar panels has fallen sharply in recent years, while energy prices have risen. This has made it increasingly attractive to invest in solar panels. In addition, there are several subsidies available, making the purchase of solar panels more financially attractive.
Is it worth the investment?
Investing in solar panels can be a good choice if you want to save on your energy bills in the long run and contribute to a more sustainable world. The payback period for solar panels averages 7 to 10 years, but can be shorter if you use a lot of energy and thus save more. You can also earn money by feeding energy back to the grid.
If you are considering investing in solar panels, it is important to look carefully at the costs and returns. A specialist can advise you on this and make a calculation of the payback period and the return of solar panels in your situation.
