Five ways to save your electric bill making use of SOLAR PANELS

Saving more energy costs with the use of SOLAR PANELS

Evidence shows that using solar panel systems could lower your energy costs. From storing less costly energy to refueling your car with the sun’s rays, these are five methods to reduce the cost of energy with solar panels.

Making use of the created SOLAR Energy

In the simplest of forms, solar panels permit you to cut down on the price of your energy bills by supplying your home with green energy instead of buying electricity direct from National Grid. Although solar energy won’t be able to pay for your energy bill’s entire cost, solar panels with battery storage can take care of more than 90 percent of your energy needs.

Considering that the average UK household uses 3100 kWh of energy per year and the current cost limit is set at Ofgem, which is 34.0p/kWh in electricity prices, your electricity bill is currently with an annual average cost of just PS88 (PS1054 for the year). Suppose you have a 4-kW solar panel and an energy storage system that is a solar power storage device installed in your home. In that case, you can produce 3,600 kWh of electricity, which could offset 76 percent of your usage. This could mean you save the equivalent of PS1,524 per year (PS127.8 each month) on your energy bills over the future 25 years without even considering the money you’ll earn from the SEG tariff.

STORING CHEAP ELECTRICITY

One of the significant benefits of battery storage in your home system is that it will charge the battery using lower electricity costs in non-peak times because of the Economy 7 rates for energy, such as Octopus Go. Suppose you set your battery for high demand. In that case, you can utilize the saved energy during the day when the cost of energy per unit is highest due to necessity. It is also an excellent way to increase solar batteries’ power even when energy production is less powerful, particularly in winter. What is the maximum amount you can make using this method?

Imagine you create a 9.5kWh GivEnergy battery to fully charge it to its current Octopus stop-peak cost (November 2022) at 12p per kWh. It will cost you PS1.14. Suppose you were to consume 9.5kWh of energy, using their standard cost. In that case, 35.06pper kWh, the same quantity of electricity, would be sold at PS3.33. It’s almost three times more costly.

Solar batteries can be recharged. This is one of many ways the sun’s energy could provide additional savings in energy costs.

HOT WATER HEATS UP

When you’ve got hot-water tanks within your home and solar panels installed, you could reduce your energy costs by using solar energy for heating hot water free of charge. Installing an immersion diverter such as the Energy Eddi will reduce the amount of energy you use. The typical solar PV installation can emit between 10 and 20 percent. For a four-watt solar array, this would be as high as 360kW. Using this excess energy to heat your heated water tank will save PS122.40 annually in fuel.

AVOIDING CHARGES FOR ELECTRIC CREDIT CAR

Many homeowners are moving to EV ownership, and electric home car charging has become an everyday practice. The primary reason to purchase an on-site EV charger is its cost efficiency; charging your car using a solar panel is much more efficient.

Considering the average annual distance of 8100 miles and the energy cost per kWh of 34p will cost you somewhere between 9.1p and 14.2p per mile (depending on the kind of electric car) to charge your house. You can include PS750 and PS1,150 electricity. If you install solar panels, you can reduce the number of your energy bills solar. electricity bill through charging the electric car with sunlight instead.

SELLING YOUR ENERGY RIGHT ACK to the Grid

By paying for excess energy, solar energy could help you lower your energy bills. Suppose your solar panels and batteries are in the right places. In that case, your home doesn’t utilize the full power that your PV panels produce, and the batteries are fully charged. In this situation, you’ll create a “surplus,” the extra energy which is later transferred back to the National Grid.

The energy provider you choose will reimburse you for the energy they use through an intelligent Export Tariff. This is an excellent way to earn money to cover the rest of your electricity bill.

A 4-kW system could generate about 3,600kWh of power per year. As you could export up to 10% of the energy you produce (approximately 360kW), A typical solar system owner can earn around PS54 annually in SEG-related payments. Today, Octopus Energy offers the most competitive SEG rate, which is 15p/kWh for Renewable energy that is returned to the Grid.

Installing SOLAR PANELS to reduce your energy bills

If you’re a UK business or homeowner looking to discover how energía solar can help you save money on your energy bill, contact our green team today at WhatsApp: +86 15601782817 or Email:sales@myliontech.com. As the UK leading Solar panels installers. We can provide you with free quotes for systems, designs, and a savings forecast to aid you in understanding the benefits of installing solar panels to lower your energy bills and when the payback period will start.

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