Going Green and Saving Money: The Economic Benefits of a Grid Connected Solar System

  • The financial benefits of installing a solar system
  • The cost of installing a grid-connected solar system
  • The environmental benefits of a solar system
  • Net metering and how it affects your electric bill
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June 08, 2023

Going Green and Saving Money: The Economic Benefits of a Grid Connected Solar System

In recent years, there has been a growing trend towards going green and adopting sustainable practices in our daily lives. One of the most effective ways to reduce our carbon footprint and save money in the long run is by installing a grid-connected solar system. This innovative technology not only harnesses the power of the sun to generate clean energy but also allows homeowners and commercials to offset their electricity bills through net metering. In this article, we will explore the economic benefits of a grid-connected solar system, including the potential savings on energy costs, tax incentives, and increased property value. We will also discuss the environmental advantages of solar power and how it can contribute to a greener and more sustainable future. So keep reading to learn more about how to save money while reducing your impact on the planet.

The financial benefits of installing a solar system

Installing a solar system can be a smart financial decision for homeowners and commercials. While the upfront cost of installation can be significant, the long-term savings on energy costs can be substantial. In addition to monthly savings on electricity bills, solar panel owners can also take advantage of tax incentives and rebates. Some states also offer additional incentives, such as rebates or property tax exemptions, for installing solar systems.

Another financial benefit of installing a solar system is the potential increase in property value. According to a study by the Lawrence Berkeley National Laboratory, homes with solar panels installed sold for an average of $15,000 more than homes without solar panels. This can be a significant advantage for homeowners looking to sell their property in the future.

The cost of installing a grid-connected solar system

The cost of installing a grid-connected solar system can vary depending on a number of factors, including the size of the system and the type of solar panels used. A typical 6.6kW solar system can cost $3500-$7500, depending on the location and type of property. While the upfront cost of installation can be steep, homeowners and commercials can recoup their investment over time through energy savings and incentives. It’s important to note that the cost of solar panels has decreased significantly in recent years, making solar energy a more affordable option for many households.

The environmental benefits of a solar system

The environmental benefits of installing a solar system are vast. Solar energy is a clean, renewable source of energy that produces no emissions or pollution. By using solar energy instead of fossil fuels, we can significantly reduce our carbon footprint and help mitigate the effects of climate change.

In addition to reducing greenhouse gas emissions, solar energy also helps conserve natural resources. Fossil fuels are a finite resource, and their extraction and use can have devastating environmental impacts, such as oil spills and air pollution. By transitioning to renewable energy sources like solar power, we can reduce our dependence on fossil fuels and protect the environment for future generations.

Net metering and how it affects your electric bill

Net metering is a billing system that allows homeowners and businesses with solar systems to offset their electricity bills by sending excess energy back to the grid. When a solar system generates more electricity than the home or business is using, the excess energy is sent back to the grid and the homeowner or business owner receives a credit on their electricity bill.

Net metering policies vary by state, and it’s important to research the policies in your area before installing a solar system. Some states have more favourable net metering policies than others, which can affect the financial benefits of installing a solar system.

Choosing the right solar panel system for your home

Choosing the right solar panel system for your home can be a daunting task. There are many factors to consider, including the size of the system, the type of solar panels used, and the cost of installation.

It’s important to work with a reputable solar installer who can help you choose the right system for your needs. Arise Solar is one of the largest solar companies in Australia offering Premium Tier 1 solar modules with flexible finance options, Get in touch with one of our experienced solar consultants to learn more about the solar system size for your property. 

Maintenance and upkeep of your solar system

Like any home appliance or system, solar panels require regular maintenance to ensure they are operating at peak efficiency. It’s important to keep your solar panels clean and free of debris, as dirt and debris can reduce their efficiency. It is advised to get your solar PV system checked with experienced solar technician once in 5 years to ensure everything is up and running. 

Most solar panels come with a warranty of 25 years or more, which covers any defects or issues with the panels. It’s important to read the warranty carefully and understand what is covered before installing a solar system.

Conclusion: The future of solar energy and its economic impact

Solar energy is a promising technology that has the potential to revolutionize the way we generate and use energy. As the cost of solar panels continues to decrease and incentives for installing solar systems become more widespread, more and more homeowners and businesses are turning to solar power as a cost-effective and environmentally friendly energy source.

The economic benefits of installing a solar system are clear, with potential savings on energy bills, tax incentives, and increased property value. In addition, solar energy can help reduce our carbon footprint and protect the environment for future generations.

As we look towards a greener and more sustainable future, solar energy will undoubtedly play a critical role in reducing our dependence on fossil fuels and mitigating the effects of climate change. Join the green revolution with Arise Solar , request an obligation free quote today! 

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          Extra charges apply for different panels/models. This Solar System Promotion is available for standard metropolitan based installations only. Price is after Small Scale Technology Certificates (STCs) have been assigned to Arise Solar Pty Ltd T/A Arise Solar or its agents. Any additional extras including but not limited to double storey, roof type, meter box upgrades or three phase power, may attract additional charges. *Price beat offer applies to local competitor advertised quotes only and must be for identical goods. T&C’s apply. Excludes Victoria