Global Solar Market Costs Vary 

You may have noticed in the news, or perhaps in your ever wise and ever excellent social group that there has been a lot of movement in the solar energy market lately.  Most notably the price for solar energy systems has been steadily on a downward trend.  From it's inception to today, one thing can be noticed with even the least decerning eye; the cost of buying and installing solar panels continues to fall. When considering this downward pricing trend and your commitment to purchasing today, realize that it could take as little as 14 years for a solar panel system to pay for itself, if you make maximum use of your renewable electricity. But the future of the feed-in tariff, which pays solar panel owners for the electricity they generate, is uncertain.  These market disruptions can pass changes onto individual consumers directly.  In the case of your personal solar energy options and costs, one must take a macro and micro-economic view of the market to make an informed purchase.  

Solar Subsidies Can Influence Demand

Based on the savings you might experience on your energy bills, and without subsidies sometimes available, it could take between 29 and 70 years for a solar PV system to pay for itself. You’ll pay for the system faster if you’re at home to use electricity as it’s produced. Another way to manipulate your cost to profit potential is to couple your solar panels with a home battery. The following sections will help you find out how much you should foresee to pay for solar panels, how the feed-in tariff currently works, and of course, the potential of energy storage. 

Are Others In The World Also Ready For The Solar Revolution?

Are you wanting to jump into the solar revolution, and prepping to make a solar energy system purchase? Based on a well-known energy news outlet's audit and survey of solar panel owners, it has been revealed that the best solar panel brands are within reach for most consumers price expectations. Yet, you might be asking yourself, how much should I pay for solar panels? The average price paid for solar panels was $12,753, according to our survey of those who had them installers surveyed. Some solar panel owners spent more than $17030, while others say theirs cost less than $3,930. So now you know the costs, let's ponder how much you should pay and how it is dependent on the size of system you’re installing. The large majority (95%) of those we examined with solar panels get the feed-in tariff. 

Is the Feed-In Tariff Ending Soon?

The feed-in tariff (FIT) is a cash payment to UK households that contribute their renewable electricity. Solar PV panels and wind turbines are both eligible. The UK administration plans to close the FIT scheme to new applicants from April 2019, according to its consultation published yesterday. The only exception is for links which are commissioned and have a full MCS certificate issued before 31 March 2019, for example, new-build homes. These would have until 31 January 2020 to apply to take the feed-in tariff. The final specifications will be published after September 2019. When the FIT plan originated in April 2010, its rates were generous. However,  the government has since cut rates various times to reduce costs. From January 2016, FIT rates for new installations have been cut every three months. There are also caps on the number of installations which can receive the payments. Therefore, the gross amount of solar panels installed has diminished. 

Abroad Or At Home, Market Shifts For Solar Costs

We have witnessed market shifts here at home in the United States as well, and it has undoubtedly demonstrated how government subsidy and tariff can influence the price of solar panels.   This concept shows us how ready the U.S. solar market is to accommodate your solar dreams.  There is no better time to jump into the solar revolution.     

If you want to move into the future and join the solar revolution, or if you want to find out what solar panels are right for you, go to HahaSmart.com and try our price checker tool. You can see how much a system will cost, and how much you can save over the next 20 years. 

For more information relating to going solar, don't forget to visit our solar blog section for more handy guides and articles.