Low Income Households Finding Relief with Solar

Low to middle-income homeowners are installing solar panels at a much greater rate than the wealthy in Australia, according to a new report released by the Victoria Energy Policy Climate and commissioned by Solar Citizens.

Electricity prices in Australia are amongst the highest in the world, with the average Australian household receiving energy bills of $2,128 per year. The report found that those households who had installed solar PV had electricity bills approximately 20% lower than households without.

The new findings were based on 10,051 households provided by the consumer group Choice, which included more than 2,000 from households with solar PV, in Queensland, South Australia, New South Wales and Victoria.

See Full Report Here

Solar Has Become An Practical Investment For All

In the past there has been a stigma that solar was a luxury, only affordable for the well-off and wealthy retirees of Australia, however with several new solar subsidies at both the State and Federal level announced as well as solar PV system prices drastically dropping, solar has now become a realistic and worthwhile investment for those looking for bill relief.

Other findings in the report also showed that households exporting power back to the grid are in effect subsidising the energy bills of those without panels by providing low-cost energy to the network, although it was up to the energy retailers to reflect this in their rates…. Highly unlikely.

With solar systems cheaper than ever and power prices continuing to rise, there has never been a better time than now to go Solar!

Low-interest Green Loans are also available for those who can’t afford the upfront costs but still want the benefits of saving with solar. Green Loans offer interest rates so low the savings made from the solar PV system could cover the repayments of the loan.

At Solar Market, we can put you in touch with 3 local CEC accredited installers who can provide tailored, obligation free quotes.

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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!

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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.