Saving Money Through Renewable Energy
Everyone is looking for ways to cut down on their energy bills as the price of electricity and costs of living grow. One approach people are increasingly looking at are
In this article, we’ll look at how you can save money through renewable energy options, as well as other ways you can cut down on your heating bills.
Solar Panels
Solar panels are probably the most common and obvious option if you’re looking into renewable power. Solar panels have become an incredibly popular choice when it comes to home renewable energy.
Solar panels will reduce your dependency on the grid, as you are generating your own power. This is most effective during the day, and how much you’ll generate.
Solar panels are not just able to reduce your existing energy bills – they can also make you money as well. Through the smart export guarantee (SEG) scheme a household can get payments for electricity they generate but don’t use themselves. This is an excellent way to make money and can provide an invaluable source of additional income.
Solar panels tend to break even within 11 years. A typical solar panel system costs around £6,500. It is estimated that it would take the average person between 11 and 15 years to recoup the costs. Solar panels however are getting cheaper all the time, and there’s an increasing number of grants and government financial assistance available to make purchasing solar panels easier.
Getting the most out of solar panels
There’s several things you can do to maximise the benefits of your solar panels.
- Focus electricity use during the day, as this will be when you are reliant on the solar panels. Using washing machines, dryers, and other demanding appliances during this time is best.
- Make sure to turn off lights when not in use
- Unplug any appliances not in use during the day
Solar panels are a great option when it comes to renewable energy and a fantastic way for reducing your energy bills.
Solar Battery
Also called an energy storage system, solar batteries allow you to capture electricity so it can be used another time.
Solar panels are most effective at saving money during the middle of the day. This means if you are out of the house (i.e., at a 9 till 5 job), you may not be getting the most out of the solar panel system. This is obviously something of a problem and can undercut the value of the investment. By using a solar battery, you can make use of the electricity you’ve captured throughout the day.
This means that you can use electricity captured during the day at night – further reducing your reliance on the grid. This will further reduce your energy bills, while ensuring you get the most out of your solar panels.
Other renewable options
Solar panels are only one of many renewable options available to homes. Another option for rural based properties are wind turbines.
Wind Turbines.
Wind turbines are available in smaller forms which mean they can be installed on your property. Wind turbines size and the noise they generate can make them unpopular, but if these factors don’t bother you, they can be an incredible asset. They generate a huge amount of electricity and easily meet all your electricity needs.
How else can I save money?
Insulation
A well-insulated home will save on heating and cooling costs.
This is widely considered the most cost-effective way to make a change and save money, and furthermore there’s several government programs that can help with insulating your home.
You can either simply get more insulation, or you can invest in a higher quality of insulation.
Replacing old windows
Older single- and double-glazed windows are responsible for a huge amount of heat loss from homes. They are incredibly poor at insulating heat, either due to the quality of the frames or the limited insulating ability of the glass. This can result in significantly increased energy bills.
Energy efficient light bulbs
These can really cut down on your electric bills and often last far longer than standard lightbulbs – five times as long in many cases. Energy efficient light bulbs.
Turning off Appliances
Appliances and other large, energy using items should be turned off when not in use to avoid energy loss. If you keep on top of this, you can save 25% more energy. Avoid leaving items plugged in. You can save a huge amount of power.
Summary
There’s a range of things we can do to cut down on energy bills and to save money. This can be accomplished through both the use of renewable energy methods like solar panels installed by Solar Panel Installer Scotland, which offer the ability to generate your own power and not rely on the grid, to home improvements such as insulation, new windows, light efficient bulbs, and everyday measures like turning off appliances.