Why should I install solar right now?
Generating clean and green energy while saving money is always a better option than burning fossil fuels and paying high electricity bills. The Australian federal rebate accounts for a subsidy of thousands of dollars on the purchase of solar rebate. The rebate can save up to thousands of dollars on a residential solar panel system and much more on a commercial solar panel system. The solar products installed on the property must be CEC approved modules and inverters and the installation must be carried out by a CEC accredited installer for the rebates to qualify. However, there are various criterias for the same. Check if you are eligible for rebates worth thousands of dollars for installing solar panels on your roof.
The prices may rise by $300 – $1000 in the upcoming year depending on the circumstances and other factors it may vary as well. These are the reasons why the prices of solar could surge:
- High manufacturing prices due to energy crisis
- Hike in shipping prices.
- Reducing rebates every year
Solar prices in 2022 are going to be affected by several factors, including high manufacturing prices, high shipping prices, reducing rebates and the list goes on. The prices are going to rise meaning the cost of the solar is set to increase. This means your payback period shall increase too. The energy costs are increasing at a constant rate and when the prices of solar hike as well, the payback time shall increase, meaning it will take longer for you to reap the benefits of your investment. For example, if a 6.6kW solar system takes 3-5 years to pay for itself at present, when the prices increase it may take 7-8 years to pay for itself.
The world’s solar projects are at risk!
Half of world’s planned solar project in 2022 at risk due to rising costs. This means 56% of the world’s solar generation projects may face delays and rising costs. Simultaneously, Australia’s solar rebates are set to reduce from January 2022. As of 30 September 2021, there are over 2.96 million PV installations in Australia, with a combined capacity of over 23.5 gigawatts. The federal and state solar rebates in Australia has been the major driving force for the rising solar installations. Arise solar is offering a wide range of solar panel systems to work with your budget and ensure you’re receiving the highest quality panels, designed for maximum performance and efficiency over time. We work with Australia’s most trusted solar panel brands, with systems engineered for our unique and changing climate.