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Solar is for everyone

 

There are a lot of misconceptions about solar power.

Misconceptions like: solar is only for the rich, solar is not worth the investment because of the “low” Feed-in Tariffs [FiT], solar is not for renters or you won’t live your home long enough to make your investment in solar back.

These misconceptions could be costing you thousands of dollars in future savings.

Solar is certainly not only for the rich.  In fact, solar is at its most affordable right now due to solar panels now pricing at 25-30% than they were four years ago. Additionally, the government rebate is the highest it going to be until it reduces again on January 1, 2018.

And for those of you who want the benefits of sourcing power from the sun without laying out the cash for a solar system, a Power Purchase Agreement, or PPA, is perfect for you.  This set up allows you to basically rent your roof space to your selected company, they will fit out your house with a new solar system and allow you to purchase your electricity from them at a very discounted price. And, at the end of the agreed term, you get to keep the solar system.  The very definition of a win-win situation.

Feed-in tariffs are misconceived because so many people think that the FiTs are a license to print money, powered by the sun.  The truth is that FiTs are only relative if your system produces more energy than your household can use and the rates offered, the payback is going to be nominal.  The incentive behind investing is solar is not about cashing in by selling your electricity back to the grid, it’s about creating energy from the sun which will directly reduce your regular electricity bills, reduce your reliance on the grid and help save the environment.

If you are renting a house and wanting to reduce your regular electricity bills there are options for you.  The simplest solution is engaging in a Power Purchase Agreement, commonly referred to as PPA.  Your landlord would partner with a PPA company, which would provide a solar system for the property, at no cost, taking control and ownership of the power produced and then selling it back to you, the renter at a reduced cost.

Along with the savings you’re now earning on the reduced cost, that cost is locked in for the term of the contract so that your electricity rate will not increase during the term of the contract, which is typically 20 years.

Lastly, if you’re concerned about investing in a solar system for Solar as an investment which will increase your home’s value, you shouldn’t be.  It’s referred to as “investing in a solar system” for a reason.

If you were to sell your residence prior to the average pay back period [of 3-4 years], homes with existing solar systems add value to any property and result in a unique selling point, earning you a higher price point than a house without solar. In the long run, your solar investment will make you money, whether you’re still living in that house or not.

Now that we’ve cleared that up, let us help you take the next step towards solar by organising 3 Free Solar Quotes from local suppliers for you.

 

Take our Solar Quiz Compare Energy Providers and Save

Download Your FREE Ultimate Guide to Solar Power in Australia - 2021 Edition

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 "Ultimate Guide to Solar Power in Australia - 2021 Edition".

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!

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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.
 

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