How to save money on your energy bill with solar
The primary reason that you and many other homeowners might consider purchasing solar panels is to generate energy directly, which will result in a reduction in your monthly energy bills.
Depending on the times you use your appliances the most, you can reduce your electricity costs even further. This is so that you can save more money whenever you consume less electricity than you would otherwise if it were fed into the national grid.
By using more electrical appliances throughout the day, when your solar panels will be producing electricity, you can reduce your energy consumption.
Additionally having a solar battery storage system, it is possible to cover your energy bills during the day or night and remove the need to consider your daily consumption habits.
Homeowners can install solar batteries to their solar PV installations as energy storage devices. They can store the electricity produced by your solar panels during the day and are often constructed of lithium-ion.
With their quick charge and high capacity, lithium-ion batteries are the most effective batteries on the market.
Solar energy can only be used during the day when it is available, so solar panels working without a battery connected are not operating to their full capacity. As the Sun is at its highest during the middle of the day, it should come as no surprise that this is the greatest time for solar panels to produce electricity.
The solar battery is useful in this situation. You will notice a considerable increase in the benefit from your solar panels by using this in the mix.
This is so that all of the electricity produced throughout the day that is not used can be stored in the solar battery and used later when it is needed.
A Feed-In Tariff (FIT) compensates you for any excess energy your solar panels produce and feeds back into the UK national grid, reducing the load on the grid.
On March 31, 2019, the FIT scheme stopped accepting new applications. If you already had a qualifying solar PV installation, though, you may still receive FIT payments.
Smart meters and solar savings
Installing a smart metre allows you to calculate your self-consumption rate by tracking how much electricity you feed back into the UK National Grid, which is a smart move.
The newest generation of gas and electricity metres, known as smart metres, are available at no cost upon request from your energy provider.
You should only be charged for what you use because your metres send information about your usage directly to your supplier.
Read our guide – How Solar Panels and Smart Meters work together