Why Now Is The Time To Install Solar In Australia

If you’ve considered installing a solar PV system for some time now or are just sick of receiving extortionate electricity bills, then now is the perfect time for you to invest in your future savings with solar! And here’s why!

Affordable Solar PV System Australia

Spring Weather Conditions Are Ideal For Panels

In Australia we’re lucky enough to have a high quantity of sunshine hours all year long, meaning solar can reduce your bills in every season! A common misconception is that a solar system is only beneficial to a household in summer, however solar panels generate energy through sunlight and not heat. In fact, solar panels actually operate at their best on a clear sky, sunny 25-degree day which we are frequently blessed with in Spring, Autumn and Summer.

Protection From Increasing Electricity Prices

In the last 10 years alone, electricity prices have spiked immensely seeing an increase of approximately 117%, resulting in many Australians burdened with electricity bills over $1,500 pa! By installing a solar system you will be able to generate your own electricity, therefore reducing the amount of electricity you purchase from the grid, resulting in lowered electricity bills.

Solar System Rebates in Australia

Federal Government rebate is available across Australia

Government Rebates Are Available!

The Federal Government rebate is available across Australia and can provide rebates up to $4,176 for a residential sized solar system (additional rebates and financial assistance is available in some states).

Solar System Prices Have Never Been Lower!

Since 2010 the price of purchasing and installing a residential solar system has decreased by 80%, making the switch to solar an affordable and cost-effective investment for the typical Australian. Not only can households see up to 80% or $1,500 in savings per year by reduced electricity bills, but dependent on the size system installed and your energy habits, your savings could see you having a return on investment in as little as 3-5 years. This means all further savings go straight into your pocket…or holiday fund!

View average System Prices.

Actual Cost Of Solar Panels

Fast Return On Investment

Installing a solar system is a financial investment first and foremost. You pay for the system up front (with the assistance of Government Rebates) and then receive financial returns in the form of reductions on your electricity bills. Most households see a return on investment in as little as 3-5 years. 

Get Paid For What You Don’t Use During The Day

A Feed-in Tariff (FIT) is the amount you’re paid from your energy retailer per unit (kilowatt hour – kWh) of your unused electricity, which your solar PV system has generated. This unused energy goes back to the grid (if you are grid connected and don’t have battery storage) and the payment from the energy retailer will appear as a credit on your electricity bill. Different retailers offer different rates so once your system is installed, it’s worth shopping around for the best rate.

Green Loan Finance Is Available

Green Loans with low interest rates are available to assist in the upfront costs of purchasing solar PV systems. A reputable Green Loan lender in the market is RateSetter who provide low-interest loans, specifically for green projects or energy efficient products that are supported by the Clean Energy Finance Corporation. RateSetter’s Green Loan has low-interest rates from 6.9% p.a.

A Green Loan low-interest rate means the savings you have accumulated from using your solar system, could potentially cover your loan repayments!

Solar Power Investment Australia

  • Rates as low as 6.9% p.a.
  • Borrow from $2001-$45000 for green projects; including solar systems and battery!
  • From 3-7 years with no exit fees or early repayments penalties!
  • Fast online application in as little as 5 minutes!
  • Be rewarded for having great credit

 

Ready to start saving with solar?

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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!

Download Your Free Copy Now!

 

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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.