Are Solar Panels Worth It? Exploring the Benefits of Switching to Solar Energy in Australia

Is solar worth it? If you’re looking at the financials – yes. One of the biggest advantages of switching to solar energy is that it can significantly reduce your electricity bill. By generating your own electricity through solar panels, you can avoid the rising costs of electricity from traditional power companies.

Additionally, many Australian states offer feed-in tariffs, which means that you can earn money by using solar storage and exporting any excess electricity generated by your solar panels back into the grid. These savings from solar panels can provide you with a passive income and further reduce your energy costs. How much does having solar panels save you? About $400 per year, per kilowatt.

Another benefit of installing solar panels is that it can increase the value of your property. Studies have shown that homes with solar panels sell for more than homes without solar panels. This is because buyers are willing to pay a premium for a property that already has a reliable source of renewable energy, namely solar electricity, which can save their energy consumption and their money on electricity bills in the long run.

Is it worth getting solar panels? If the safety of the environment means a lot to you, it sure is. Switching to solar energy is an effective way to reduce your carbon footprint and contribute to a more sustainable future. How do solar panels save energy? Well, solar energy is a clean, renewable source of energy that produces no greenhouse gas emissions, unlike traditional fossil fuels. By generating your own electricity through solar panels, you can reduce your energy bills and your reliance on coal-fired power stations, which are one of the largest sources of greenhouse gas emissions in Australia.

The Australian government offers several incentives and rebates for homeowners and businesses that switch to solar energy. The Small-scale Renewable Energy Scheme (SRES) provides a rebate for solar panel installations under 100kW. Additionally, the federal government offers the Solar Homes and Communities Plan, which provides funding for solar panel installations in remote and Indigenous communities.

Solar panels are a reliable source of energy, with most panels having a lifespan of 25 years or more. Once installed, solar panels require minimal maintenance, with only occasional cleaning required to ensure solar systems’ maximum efficiency. This means that solar panels can provide a long-term, low-maintenance solution for your energy needs.

Let’s take New South Wales for an example. In New South Wales, installing a solar system can provide significant savings on your power bills. The amount you can save depends on the size of the system you install. A solar system with a capacity of 1 kW can save you approximately $400 per year. Therefore, an 8 kW solar system can save up to around $3,400 per year from solar energy, which translates to $850 for every quarterly energy bill.

To maximise your solar savings further, we recommend that you consider installing a solar battery. This can enable you to use solar power for most, if not all, of your power consumption. If you choose to install a battery, we will size your solar system based on how much power your average daily power usage (24 hours) rather than just the power you use during the daytime.

In New South Wales, the smallest solar system we install is a 5 kW system, which can generate approximately 20 kWh of solar energy per day. This system can save you around $500 per quarterly power bill if you use all the solar power generated. To get the most out of your solar system and power costs, we suggest a solar panel system if you have a quarterly power bill of at least $400-$500.
If your power bill is more than $500 a quarter, installing a solar power system is likely to be very beneficial. Generally, the larger your power bill, the more money you can save, making a solar power system a worthwhile investment.

In conclusion, a solar install is worth it for many Australians looking to lower their electricity bill with solar panels, reduce their electricity consumption and carbon footprint, increase the value of their property, and contribute to a sustainable future. With government incentives and rebates, solar panels have become an increasingly affordable and attractive option for homeowners and businesses. By generating your own electricity through solar panels, you can take control of your energy needs and reduce your reliance on fossil fuels. So, if you are considering switching to solar energy, now is the time to take action and start reaping the benefits, buy solar panels.