Yes, you did blink, and 2022 is almost gone. Regardless of where you come from, New Year’s customs add an abundance of delicious food, parties, and, most importantly, joy to our holiday celebrations. Typical New Year’s customs across many nations include kissing your significant other at midnight, drinking champagne, singing and eating. However, this New Year’s Eve is slightly better. Past 2 years didn’t actually feel like it for the whole world, due to the pandemic, the natural calamities and several other ongoing issues. But thankfully, this year has been and will be different though.
Each year we set a bar or look forward to making a resolution and follow it thoroughly. Be it getting healthier, accumulating more knowledge and mastery, implementing several ways for self and social improvement, saving more etc. so on and so forth. We are to discuss one of the most lucrative means of saving that would yield for life and would make you avoid buying one of the most costly parts of our routine budget. You might have guessed it, but to make sure we are on the same page we are discussing getting self-reliant in terms of producing our own power and avoiding buying costly power from the grid. What better than a solar power system to do that and why not use the free solar power as a natural resource rather than pay high bills and that too in a not so environmentally friendly manner. As the wise people say and follow – A $ saved is a $ earned. This New Year can be the starting point of years to come with the joy of savings. The key to managing your finances and saving money is to keep an overall perspective and to be consistent. With the inflation rate set to rise further towards the end of the 2022, you might be in the negative as inflation is higher than the interest rate on a savings or checking account. Oops! We should simplify that for us to discuss this with clarity. Here we go:
Consider that you have $1000 in a savings account earning 1% interest. You’ll have $1010 in your account after a year. However, if the rate of inflation is 2%, you would require $1020 to maintain your initial level of purchasing power.
You have more money, but your purchasing power is lower. You will actually lose money if your savings don’t increase at a rate that keeps up with inflation.
Invest in a solar PV system and begin 2023 with solar savings
Solar PV system is certainly the best investment you can make right now. No! We aren’t just saying that. With the inflation rate only moving further north and soaring electricity prices due to several reasons including but not limited to Russia Ukraine war, lower maintenance of coal mines, it is expected that the electricity bills can be a big bite in the monthly budget of an average Australian home.
Generating your own power is more important than ever now with the focus to move towards the sustainable and greener side and save money.
A typical household in Brisbane with a 6.6kW solar system on roof saves up to $900-$1500 annually on their power bills.
Solar prices to rise further as rebates set to reduce in 2023
Every year in January the solar rebates reduce and they have been reducing since 2017 and the rebates are set to end in 2031. Rebates are nothing but the subsidy offered by the government or the discount on the upfront cost of the solar. Rebates differ based on the location and specifications of the property. A Brisbane homeowner can currently save up to $2500-$5000 upfront on the cost of installing a solar PV system. However, the rebates are set to reduce by up to $200-$700 in the year 2023. As the rebates go down, solar prices are all set to go up. NOW is the best time to lock in the maximum rebates and secure the best solar deal with Black Friday and Christmas offers.
Arise Solar Black Friday Sale – Don’t Miss it!
Arise Solar’s black Friday sale offers a great solar deal to keep your summers cool and calmer. It’s a deal not to be missed. Get the All New 415W Tier 1 Solar Panel with easy payment plans and solar battery packages. Get in touch with our team today to get the best solar deal for your property and secure the best price.