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Solar power

Solar Power – What is the return on the investment?

By Green architecture, Green Factsheet, Solar power
Solar energy (energy from the sun) can be used in a passive (see our Fact Sheet on thermal mass) or in an active way. Solar electricity (active) is often referred to as Photo Voltaic (PV) power as it is produced by PV cell collectors. The most common active uses of solar energy are for solar hot water heating and for solar electric power. Solar hot water heaters are usually roof mounted and can be flat-plate collectors with either an integrated hot water storage tank or a separate tank, or evacuated tube collectors with a separate tank. We asked local industry expert David Payne from SOLARGAIN to write an information sheet on solar hot water heating and solar electric power for us as we have dealt with him over many years, and value his industry knowledge immensely. David Payne: Investing in Solar (the facts behind the myths) Today more than ever investing in solar electric power & solar hot water is one of the best investments one can make. Dramatic reductions in the capital cost of solar systems have been seen over the past 5 years and coupled with the ever increasing cost of energy means anyone with access to capital should really consider solar has a part of their investment portfolio. ‘But with the removal of government high feed-in Tariffs, I’ll never see my money back’ This is a common opinion within the public when it comes to solar and…
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