Category: Return on Investment
Most solar panel systems pay for themselves in under four years, but what is the long-term ROI on solar?
With households straining under the increased cost of electricity in 2022, a 6kW solar system can be an excellent way to save on electricity costs. The average 3 – 4 bedroom household uses 24kW daily (6kW system produces 24kW daily) and spends $2,367 annually on electricity (rate: $0.27 per KW). A 6kW solar system will …
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The 5kW solar system is one of Australia’s most popular systems for medium to large households. If you wish to install the system, it is essential to know how much it will save you. A high-quality 5kW solar system will save you an average of $350 per quarterly bill. Your actual savings will range between …
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Oversizing a solar system is essentially adding a few more panels than you actually need to produce more power than you can use. But why? When you install the “correct size” solar system (without a battery) you can essentially save about 90% off your power bill. Oversizing the system by adding more panels can mean …
For the better part of this decade, the Australian government has been actively encouraging homeowners to invest in solar panels. They’ve done this by providing more incentives, including the solar rebate program and feed-in tariffs. The fact is solar panels are still worth it in 2024. Although the Aussie government rebate amounts are reducing, the …
One of the biggest emerging trends in the Australian market is the rise of commercial solar panels. Today, more and more businesses are embracing solar energy with the aim of reducing their power bills to save money. And the truth is, commercial solar is really beneficial for the right commercial business. Unlike most homes which …
Solar panel systems are a great way to beat the rising electricity prices and cash in on generous government rebates. In most cases, you will still receive an electric bill after installing a solar panel system. You will normally reduce your regular electric bill by 85 – 90%. There are, however, two ways to completely …
Continue reading “Do You Still Get an Electric Bill With Solar Panels?”
For most Australian residents, going solar is fast becoming the new norm. With the cost of electricity rising by the day, you might as well take advantage of the generous rebates and get a system installed yourself. The truth is solar is a great investment and will save you tens of thousands of dollars over …
If you are living in Australia, you are probably thinking or planning to join the huge number of households taking solar panels as a source of electricity. One of the most important things to know and that we will cover today is on solar payback time. The average payback period for solar in Australia is …
Across the globe, homeowners are discovering the incredible potential of solar panels to not only reduce energy costs but also increase the value of their property. Generally, solar panels can increase your home’s value by about 4%. This means that each kilowatt of solar energy installed can boost the value of your property by up …