Six compelling reasons to seriously consider investing in a solar PV system

 

Australian Power prices are out of control.

Solar is the best way to protect your lifestyle going forward.

Power prices in Australia have doubled over the last 2 years and there doesn’t seem to be much relief in sight.

There are things that you can do such as using less electricity and installing more efficient appliances but above all, the best thing you can do to protect yourself against further price
rises in install a solar power system on your roof.

Here’s are 6 compelling reasons why you need to seriously consider investing in a solar PV system for your home:

1. Protect yourself against escalating power prices
Because you’ll be buying much less from the grid and then the power you do consume from your roof is free, you won’t feel as much of the impact of future power prices rises.

2. Generous rebates are still available
Under the Federal Government’s Renewable Energy Target (RET), when you install a system you produce Small Technology Certificates (STCs) which are a form of rebate. This amount is taken off the price of the system by the installer and depends on the system size you install.

3. Get paid for what you don’t use during the day
A Feed in tariff is the payment you’ll receive from your retailer for the power your system produces that isn’t consumed in the house, and therefore sell back to the grid. Different retailers offer different rates so once your system is installed, it’s worth shopping around for
the best rate.

4. One of the best investments you can make
A solar system is a financial investment first and foremost. You pay for the system up front and then receive financial returns in the form of reductions in your electricity expenses. As an example, you might pay $5,000 for a 5kw Solar system and save $1,250 per year on your
bills meaning that the system will pay for itself in 4 years which is equal to a 25% return on investment. Try getting that from a bank!

5. System prices have never been lower
Due to the rapidly falling cost of solar technology, installing a solar system now costs approximately 75% less that it cost 5 years ago. Systems prices now range from $3,000 for a 2kW system up to $6,000 for a 6kW system.

6. Financing options available
There are multiple ways that you can finance your system, you can draw down on your home loan which is the one of the cheaper ways to finance your system, you can source a loan through your own financial institution or you many solar companies now provide
finance options.

As you can see, the reasons for installing solar are quite compelling and those who don’t install solar are missing out on the benefits and will continue to pay more for their power
than they should.

The best way to find how solar can benefit you in your situation is to get 3 quotes from installers who service your local area. Solar Market has a wide network of Clean Energy Council accredited installers nationwide who can assess your situation and provide you with
quotes.

 

Take our Solar Quiz Compare Energy Providers and Save

Download Your FREE Beginner’s Guide To Solar Power!

Beginners Guide to Solar Power

If you’re considering solar for your property or just looking to maximise the savings for your solar system, download a FREE copy of our "Beginner’s Guide To Solar Power".

Become an expert and better understand the ins and outs of solar power and solar PV systems for your property.

Includes detailed explanations and diagrams of the various types of solar systems and their parts, solar battery storage systems, Government incentives, expected ROI periods, finance, energy saving tips and more!

Download Your Free Copy Now!

Latest blog & information

X

Please provide your email address so that we can send your free copy of "Beginner’s Guide To Solar Power".

* By clicking "Send me a copy" I agree to the terms in TQC’s privacy policy.

Thank you

We have emailed your copy of "Beginner’s Guide To Solar Power".

If your guide does not appear in your inbox ensure that you have provided the correct email address or check your junk/spam folder.

This message will close in 10 seconds or

Close and back to page
X

Understanding Batteries

Off-Grid Systems

For some households a battery system can be of great benefit and minimise a home’s reliance on the grid. However, it’s important to understand for a battery to be useful your solar system needs to be generating excess energy for the battery to store, which you can then use at night or when the sun is not out.

When selecting a battery, you’ll want to invest in a system that is most suited to your home and can drive the best return on investment (ROI). Despite a larger upfront cost, a higher quality battery may significantly increase your ROI.

    Battery systems start from $6,000 and costs can vary greatly based on the following factors:

  1. Cycle Life-Time

    The number of times a battery can fully charge and discharge.

  2. Battery Power (kW)

    How fast it can be charged or discharged.

  3. Storage Capacity (kWh)

    The maximum amount of energy a battery system can store.

  4. Battery Management System (BMS)

    An electronic ‘smart’ system that gathers data and manages the battery ensuring it does not overload or operate outside of its safe functioning zone..

  5. Inverter

    Battery systems require their own inverter if your solar system does not have a hybrid inverter.

  6. 'All-In-One Unit’

    A system which includes the battery, BMS and an inverter all in one unit.

  7. Warranty

    Length of time or cycles the battery system is under guarantee.

  8. Blackout Protection/Backup

    It’s important to note this is not a common feature of a battery system and could cost thousands of dollars to include. Blackout protection not only requires additional components but also a specialised installation and rewiring. For grid-connected homes, the cost for blackout protection can outweigh the benefit.

Additionally, if your purpose for adding battery is to go Off-Grid and become completely independent from the grid you will need to ensure your solar system can generate enough energy to power your home and your battery system is large enough to store this energy. For homes in metro areas going Off-grid is not cost effective and is only recommended for those in remote areas with limited access to the grid. Off-grid solar systems with battery start at approximately $30,000.
 

Find the solar system that suits you & its price in 2 mins

Take Our Solar Quiz Take Our Solar Quiz!