Is waiting to install solar costing you money?

increasing electricity prices

As energy prices continue to rise, Australians are paying more for their everyday electricity usage and draining their financial funds.

In fact, for a household of 3-5 occupants, the annual energy bill is costing an average of $2,090- $2,604 in 2019. Source: Canstar Blue electricity customer satisfaction survey, January 2019.

And while we can lay blame on energy retailers, the Government or even our high energy-consuming appliances, we too could be to blame for inaction towards combating energy costs.

Combating Energy Costs With Solar

By now, unless you’ve been living under a rock, you would have heard of solar and even seen solar panels installed on roofs around your neighbourhood.  These days residential solar has become a household’s most effective way to reduce energy expenses and safeguard from rising energy rates.

First and foremost a solar system is a financial investment and much like other investments, delaying your venture can cost you now and hinder your future savings.

By installing a solar system, any energy generated by your solar system is free for you to use. This means you could run your household primarily off your own energy and only rely on energy providers for any excess energy needed.

The savings made through reducing your bills with solar can cover the cost of a solar system in as little as 2-5 years, meaning your future savings will stay put in your pocket or go straight to the holiday you’ve been dreaming of.

Australian’s these days are seeing reductions as high as 80% towards their energy bills, saving as much as $1,500+ per year.

Does Solar Benefit Everyone?

There are many factors determining whether your household will benefit from installing solar. Primarily these factors are based around your energy usage, however, if you answer yes, to the below questions then solar will be beneficial for you.

Did you answer yes? Then it’s time to consider solar.

Government Solar Assistance Is Available

In Australia, the Federal Government provides households and small businesses to large rebates when purchasing and installing solar. This is to assist in reducing the upfront cost of a solar system and make the benefits of installing solar available to all Australians. There are also many additional State solar incentives and rebates available on top of the Federal Solar Rebate which can further reduce costs and increase your savings.

Join Millions of Australians

Today there are more than 2.21 million solar systems installed on rooftops across Australia. Join the millions who are saving and request obligation-free quotes from local solar providers to get started.

Receive FREE Solar Quotes

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!

 

Most Popular Reads

Post Thumbnail

Common Solar Mistakes- Pre & Post Installation

Post Thumbnail

Your Electricity Bill Breakdown & Highest Energy Consuming Appliances

Post Thumbnail

Low Income Households Finding Relief with Solar

Post Thumbnail

Maximise Your Energy Savings With These Top Tips!

Post Thumbnail

6 Reasons Why Solar Power Isn’t Saving You Much Money

Latest blog & information

X

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

Yes please, I would like to receive updates from Solar Market. Click to view our 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.