I’m thinking of getting a Electric Vehicle, should I consider solar panels too?
As the world shifts towards sustainable living, electric vehicles (EVs) are becoming increasingly popular. But if you're considering making the leap to an EV, you might wonder if it's worth investing in solar panels too. In our opinion, the short answer is yes, and here's why.
EVs and solar panels are a match made in heaven
By powering your EV with solar energy, you're not just cutting down on emissions; you're also reducing your reliance on the grid and saving money in the long run. Solar panels can generate electricity to power your home and charge your EV, making you a true eco-warrior.
Financial Incentives
If you are already considering a new vehicle, particularly if it’s a company car, you are likely to find a number of incentives. Firstly the ‘tax in kind’ rate for EV as company vehicles is significantly lower than that of a gas guzzler. Take the BMW i4 retailing from just over £50,000. As an employee, your benefit in kind payment of 2% on a salary of £40,000 means you’ll only give the tax man £200 per year for the privilege of driving this car. In comparison, the cheapest BMW 4 Series petrol car starts at £44,000 but will attract a 33% benefit in kind payment costing you’re an additional £2,904 of tax in 2024. Ouch!
Energy Independence
With solar panels, you could gain energy independence. You're not just saving on fuel costs; you're also protected against rising energy prices. Whilst many people aren’t quite ready for a complete off grid solution, in the event of a power outage, your solar panels can provide backup power to your home (especially when combined with battery storage).
Environmental Impact
EVs already have a lower carbon footprint than gas-powered cars, and when you pair them with solar panels, you're taking a significant step towards a cleaner environment. As the electricity mix becomes greener, your carbon impact will be even lower. The panels that Tewdric Energy supplies are 99% recyclable too as we believe that is important in your buying decision.
The Future is Bright
The technology for both EVs and solar panels is rapidly advancing. Innovations like vehicle-integrated photovoltaics are on the horizon, which means your EV could one day come with solar panels built right into its design.
So do you think Your Electric Vehicle Come with a Solar Companion?
If you're thinking about getting an EV, solar panels are a wise consideration – even if it’s just considering it as the next investment in your property. They're not just good for the planet; they're good for your wallet too. With the potential for financial savings, energy independence, and a reduced carbon footprint, solar panels can supercharge your EV experience.