It’s easy to be sceptical of new products when so many investment opportunities claim that it will save you tons of money. While solar panels are still a relatively new concept, the short answer is yes, you will save money by reducing your electricity costs. That said, there are some factors to consider such as daily sunlight hours, angle and size of the roof as well as the electricity rates in your area.
The first step to take is to calculate your current electricity costs on an annual basis. In recent years we’ve seen a rapid increase in electricity prices in South Africa, and if that’s any indication of what’s still to come in the next few years, we can expect more volatile increases. Utility rate increases are an added incentive for solar users since solar energy prices won’t ever go up.
You are taking control of your energy source when you generate your own electricity with a rooftop PV system. The only costs involved in installing solar panels is the upfront investment expenses and any other electricity charges should your panels not completely subsidise your electricity use. This will primarily depend on the size of your PV system in relation to your roof. That’s why it’s important to employ the help of professionals like NuPower for the installation of your solar panels.
While the financial aspect is one of the biggest incentives for investing in solar panels, money isn’t the only motivator. You will also be protecting the environment due to the reduction of greenhouse gas emissions.
Regardless of whether you’re looking at saving money or becoming more eco-friendly, a solar panel system will generate significant savings for homeowners as well as business owners. Speak to a representative at NuPower about how you too can become more self-sufficient. Give us a call today.