Last updated on February 14th, 2019 at 11:05 pm
For as long as I can remember, I have been telling people that PV solar panels (photovoltaic) are a worthwhile investment for not only today but also so far into the future that you can’t yet imagine how.
There are very few technologies that last or benefit their owners for over thirty years (Think of the car you were driving three decades ago), but this is not the reason I sing these much-misunderstood technologies praise.
The current incentives for solar panels aren’t set in stone. They will be reduced for later adopters when the inevitable happens, and mainstream people en mass are forced to install, just to keep their energy bills from spiralling out of control.
Once the floodgates open, the current rates of feed-in tariff incentives will reduce to a bare minimum. The government is always assessing the uptake situation, so installing today will secure the present higher feed-in tariff rate for the next 20 years.
Another issue which has come to light recently is the current price of the actual panels themselves. China’s ongoing success in the manufacturing of solar technology has been brought about by their dominance within the rare Earth metals industry.
With allegations of flooding the market, China has been accused of manufacturing under cost to undermine American and European solar panel manufacturers deliberately. This situation has resulted in lower cost technologies we saw over the last couple of years.
These ultra-low costs and loss-making panels will soon become a thing of the past because European import duties will soon be added to level the solar manufacturing playing field for threatened European manufacturers. This situation has already occurred in the United States and will rapidly be adopted here too.
To install solar technology today will ensure you receive not only the higher rate of feed-in tariff incentives but secure your panels at the import duty cost.
What are you waiting?
In a world starved of cheap energy
Just in case you needed any more persuasion that solar panels are a good thing.
The writing is on the wall with our countries ‘energy security’ with costs quickly becoming the greatest thing to threaten people’s lifestyles, which is already under threat from the shock waves of the credit crunch. Even the big six energy companies are now warning consumers of an incoming ‘energy crunch’.
The higher cost of household and commercial energy is pushing up the price of our everyday essentials like food and transportation costs as an example, which will undoubtedly increase prices across everything we buy – including the cost of a solar panel installation.
As global commodity prices increase, the manufacturing costs of everything from a tin of beans to the cars we drive will rise year on year.
I stopped thinking about solar technology as a green technology or status symbol years ago when I heard that the North Sea oil and gas outputs were in terminal decline.
I see solar panels, no-longer an aspirational technology, but soon to be an essential technology. Reduce dependence on the volatile and the spiralling cost of heating and powering our homes will soon be everyone’s concern.
Riding on the wave of global ‘energy shocks’ may be a gamble some people may take, but the energy-savvy amongst us will use this alternative, and at the moment, lower cost solar technology.
This window of opportunity will not be open for too long, but for those who take advantage, it will prove to be a smarter way of facing life’s future.