Solar panels have become increasingly popular over the years, growing worldwide at almost 50% annually. We look at whether they are worth investing in your property for the future.
There are two types of solar panels, thermal and photo voltaic. The latter directly converts sunlight into electricity, whilst thermal powered solar panels react through heat. The solar panel has gone from strength to strength over the years, quickly becoming mainstream growing worldwide at 40-50% annually. This is due to their ability to provide an unlimited supply of safe a renewable assets for both heat and power. In addition to this, maintenance costs and energy bills can be lowered, along with a shorter payback period.
Many choose to have panels installed because of the reasons aforementioned, often increasing their property value and having a positive effect in terms of environmental factors. There is however, dispute about whether having solar panels on the roof of your property is worth the investment. Many argue that the cost outweighs any potential energy bill savings, whilst others say it has saved them hundreds of pounds each year.
Do you think solar panels are worth investing in? Have you got them in your property, and if not is this something you would consider?