Do solar panels make financial sense in the long term?

Yes, in the long term, according to an analysis by Midsummer Energy, a firm selling solar panels designed for anything from a garden shed to a yacht.  As energy prices continue to increase, the pay back time is getting shorter but can still run into decades.  Interestingly, my research into the subject has found that many people investing in renewables for the first time are retired or even elderly people who may not see their investment pay off themselves.  But many of them told us that the feel good factor was more important to them than any financial benefit.  I suppose it is just the equivalent of buying a new motorbike or going on a cruise for green minded retirees!

Comments

[Diana Seavill]

Solar energy in the uk can't provide as much energy as could be saved by a more comprehensive recycling plan