Quotatis | Renewable Energy Advice

Should You Install a 1kW Solar Panel System on Your Property?

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Producing your own renewable energy is getting more and more popular. Many homeowners want to produce their own electricity using renewable sources to help reduce the amount of carbon they produce. There are also some great financial incentives to generating your own renewable power.

Using solar panels is a relatively easy way to generate renewable energy for your home. They fit on the roof of your home and use energy from the sun to produce energy to power your home.

The 1kW system is one of several types of domestic solar panel installation available. But is it the most suitable installation for you and your home? To help you decide, we’ve come up with a list of their advantages and disadvantages.

Advantages

Produces free electricity

A big benefit of solar panels is that they generate free electricity. Sunlight doesn’t cost anything so neither does the power it produces. The 1kW system offers homeowners a brilliant opportunity to make free power, especially considering the high prices that energy suppliers charge.

Cuts your electricity bill

Fitting a solar panel system can also lower your electricity bill. This is because the free solar power you produce replaces some of the electricity that you would buy from an energy supplier. So installing solar panels will reduce the amount of electricity you need to buy and cut your bill.

Earns money

Another great advantage to solar panels is that they give you the chance to earn money. The government’s Feed-in Tariff scheme gives you a certain amount of money per unit of electricity that you generate, even if you use it to power your home. The rate you receive depends on when you register for the scheme – this should stay the same for you for the next 20 years.

For more information about current Feed-in Tariff rates, see the Ofgem website.

Reduces your carbon footprint

Fitting solar panels can also be advantageous because it will reduce your carbon footprint. Most energy suppliers burn fossil fuels to generate electricity, which releases carbon dioxide into the atmosphere. If you use solar power instead of electricity from an energy supplier then you’re reducing the amount of carbon emitted into the atmosphere.

Cheapest installation

Lots of people fit a 1kW solar panel system because it’s the cheapest domestic solar installation available. So they can be a great choice if you have limited cash upfront but want to start generating solar power as soon as you can.

Disadvantages

System that earns the least

You can make money with any solar panel installation, but the 1kW system is the one that will earn you the least. So if you’re installing solar panels with a view to earning as much as possible, a 2kW, 3kW or 4kW system might be a better choice.

Low total profit

The 1kW system is the installation that will earn you the lowest total profit. Bigger systems are more expensive but are usually worth it in the long run. If you have the money available to install them, you can earn a higher overall profit.

So the 1kW system has both advantages and disadvantages. Fitting one is a fantastic way to begin producing solar power and earning money, especially if you don’t have much space. But if your main aim is to earn as much money as you can, then it might be better to invest in a bigger system.

If you want a solar panel system for your property and need someone to install it, we can help. Fill in our online form and we’ll find you up to 4 local professionals.

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Evy Coe

Evy works for Quotatis as a Content Marketing Executive. She loves to write about interior design and help homeowners with their DIY projects.