The rising cost of energy over the last few years is convincing more and more Australians to switch to solar power. But many homeowners are still unsure of the advantages of solar panel installation.
Here we take a look at the numbers, detailing how much a solar power installation could mean for your pocket and the planet.
How much money can you save on your energy bills?
Installing solar panels can potentially save you a considerable amount of money each year if you invest in a system powerful enough to cover your energy usage. Savings will vary depending on your circumstances, as no two households have the same energy needs.
However, it is possible to look at examples to gain an idea of average savings. For example, a couple with one child living in a two-bedroom home in Sydney instal a solar system which covers all their energy needs. They could reduce their energy bills by between 53 per cent and over 100 per cent each year.
You can also check the government website to see if you are entitled to any incentives or rebates, which may reduce the cost of installing solar panels.
If you are interested in a solar panel installation and would like to know how much you could potentially save, we will be happy to work this out for you based on your individual needs.
How long will it take to break even?
This is a question many homeowners ask when considering a solar panel installation. The answer depends on several factors, including:
- The amount of sunshine where you live
- The price of energy where you live
- The power of the solar system you choose
- The amount of energy you use on average
It is possible to calculate averages for different capital cities, which are usually similar for the entire state. For example, if you install solar panels in Sydney, you will break even in four years on average.
However, please bear in mind the exact time it takes to break even will be individual to your home.
How much energy can you save?
A typical Australian home uses 20kWh of energy per day. A 6.6kW solar system would usually be powerful enough to cover this usage completely, depending on the climate where you live. However, no matter where in Australia you are based, you can drastically reduce your energy usage by installing solar panels. This is great news for the planet!
Find out more about solar panel installation
If you are based in NSW, Queensland, or South Australia, and you are interested in having solar panels installed at your home, please contact us. Our highly experienced team will be happy to discuss your needs and arrange a consultation.