Solar power systems are growing in popularity, thanks in part to their cost-saving abilities. But just exactly how can going solar save you money? We’re here to tell you.
Considerations such as the area you live in, your current electricity prices, the size and cost of your system and your household’s electricity usage can all impact the amount you save. That being said, here are common four ways that solar panels can help save you money.
Use less power from the grid
The most significant savings will come from replacing grid power with solar power. Once your system is installed, your solar power is essentially free, while you must always pay for power from the grid. This means that for every kWh your panels generate, that’s one kWh less you’re using from the grid – and therefore one kWh you don’t have to pay for!
The electricity use of an average Australian household is anywhere from 15 kWh to 24kWh per day. Even our smallest residential 6.6kW solar system can generate 20-27kWh of power a day – that’s all or most of your power covered by solar.
Avoid high electricity prices
Electricity costs are on the rise, with prices ranging from 21c/kWh to nearly 35c/kWh. The price of solar? Almost free.
Electric-hungry households can see some big savings on their electricity bills by switching to solar. In fact, thanks to the affordability of solar systems and the rising costs of electricity, most households can expect to start seeing returns on their investments in as little as three years.
Store or sell your power
If you’ve invested in an over-sized solar system or find yourself using less electricity than you’ve anticipated, that extra power doesn’t go to waste. You can utilise stored power whenever you need it or feed it back into the grid. Feed-in tariffs generally pay around 8c/kWh, but this can vary according to your retailer.
Need help upgrading your panels or setting up a storage system? Get in touch with us today for assistance.
Big returns when moving house
Moving house? Your solar system may make it easier. Solar panel systems are an extremely popular addition to homes. They can drastically increase your property’s value and appeal, making it that much easier to sell even at a higher price.
Arise Solar – efficient and effective solar systems in Brisbane
If you’re ready to invest in a solar system in Brisbane, Queensland, NSW and Southern Australia, our team at Arise Solar is here to help. We’re proud to offer affordable and high-quality solar systems for residential and commercial customers.