Future is bright for PV solar panels
Last updated on December 28th, 2017 at 07:14 pm
“With the reduction of the feed-in tariffs rate this week and with all the negative media attention that this has brought. “
You may forgive for thinking that PV solar panels are a technology of the past, like teaâ€“making machines or the unforgettable Sinclair C5â€™s.
The reality, however, will be more and more PV solar panels will continue to adorn homes up and down the country and especially worldwide. How can we be so confident of this?
Put just, energy costs both nationally and internationally will continue to rise at quicker and quicker rates with all of us worldwide having to find ways to alleviate this pain on a more long-term basis.
Stuart Lovatt, the founder of Heat my Home, says â€śThe re-alignment of the feed-in tariff scheme to a more sustainable level was always on the cards because the original scheme was always designed to degrade over time to newer adapters. This situation will continue over the coming years, but the real reason that will keep the solar panel industry growing is escalating energy costs.â€ť
Reducing a dependency on expensive fossil fuels is and has been for the last couple of years, the primary incentive for most early solar technology adopters. Yes, many have been swayed by the over-generous feed-in tariff, but most are protecting them long-term from the inevitable.
The world is changing, and even the new powerhouses of China and India invest heavily in these technologies and feed-in tariff schemes similar to ours are being adopted by most other nations, including Spain, USA, Australia, Germany and France, to name only a few. Ask yourself why the most powerful countries on the planet are doing this.
Do they know something that we already know? Of course, they do! The fact that there is just not enough black gold for 7 billion people on a long-term basis and that black gold will continue to rise in price.
Richard Branson and other corporate bosses have also warned us. The writing is truly on the wall, which we ignore at our peril.
Some people and companies too, have been accused of installing PV solar panels for greed rather than need, and that may be true in some cases, but it wonâ€™t change the fact that we as a nation need to protect ourselves for the long-term. The same is true for individuals.
Why PV solar panels are great
With 30 year lifespans for solar heating panels, including evacuated tubes, and a 30-40 year lifespan with PV (Photovoltaic) solar panels. The long-term cushion that we all need over the coming years can only be solar technology, the most effective of all microgeneration systems around today.
Seriously, we have all seen the difference that a few energy price rises make, with millions of people already in fuel poverty. Can you imagine what it will be like in 5, 10 or even 20 years time, as the predicted outlook for energy prices is ÂŁ2-3,000 (thousand) annually before 2020?
Yes, you read that correctly.
With that level of energy pricing, no one will ever put payback and PV solar panels in the same sentence again. That is why the future is bright for the solar panel industry worldwide, not just in the UK.