Are Solar Panels due to become more Expensive
We are increasingly aware of the need to switch to more sustainable and renewable energy sources. With this and the Government’s plans to reach net-zero by 2050, many homeowners are looking to make the switch to solar energy and other environmentally-friendly energy resources.
Solar panels consist of large flat surfaces that are secured to the roof of a building, or occasionally ground-mounted. Their solar cells capture energy from the sunlight as it hits the earth’s surface. This enables the generation of electricity and heat for water, without reliance from the national grid.
Solar Panel Price Increase
The price of solar panels is set to increase.
With the majority of panels being manufactured in China, it seems that shipping costs are set to rise, making them inevitably more expensive to obtain.
Another factor in causing the price rise is that some types of solar panels are now being retired, whilst engineering firms ramp up their efforts to look for new and innovative technology and solar panel solutions. With the manufacture of new products comes the associated increased costs of production.
Many sources also state that the cost of solar panels has been too low for too long, in a bid to encourage uptake. This is thought to be unsustainable in the long term, due to the costs of manufacturing.
Solar Panel Installation
Choosing solar power is an investment that could see you benefit financially in the long run. The installation of solar panels may result in a significant increase in your property’s value, but they also offer households substantial savings on their energy bills, which are set to continue rising, even with the current energy price cap.
For supply and installation of Dorset solar panels, companies such as https://solarpanelsdorset.co.uk/solar-panels offer their products and services at competitive rates.
The government is also helping households with financial assistance in the form of grants and support schemes that can make switching to renewable energy more affordable. Many households may be eligible for significant help towards the cost of solar panel installation.
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