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7 Reasons Why Now is the Best Time to go Solar for Australian Homes

7 Reasons Why Now is the Best Time to go Solar for Australian Homes

Last updated on June 5, 2024

Step into the sunny world of Australia, where the sky stretches wide, and the sun’s warm embrace is a daily gift. Now, imagine this: turning that golden sunshine into a power source for your home.

All that’s possible with solar energy– converting sunlight into electricity that brightens your life and ensures financial  savings.

But what’s even more  exciting is that  the time it takes to make this solar switch is right now. 

Think of this article  as your guide to seven great reasons why Australian homes should embrace  the solar adventure. In order to achieve  a future full  of cleaner energy, smaller bills, and a healthier planet.

1. Solar Panels Have Never Been More Affordable

Going solar has never been more affordable for Aussie homeowners. Panel prices have dropped over 10% in the last decade, and installation costs are decreasing  too.

There are multiple payment options to choose from that  make solar adoption a budget-friendly endeavor; like low-interest loans, leasing, or power purchase agreements where you only pay for the energy your panels produce.

The solar panels themselves have a low maintenance cost. They have no moving parts, so once installed they just sit on your roof silently generating free, green energy for decades.

2. Electricity Prices Keep Rising, but Solar Locks in Low Rates

The cost of grid electricity has been going up every year. Alternatively,  once you install solar panels, the energy they produce is free.

You’ll lock in low electricity rates for the next 20-25 years. Your solar system will produce free power during the day reducing your dependence on the grid.

You’ll only pay for electricity at night or when your demand is higher than your system output.

Going solar helps shield you from increasing electricity prices. You know exactly how much you’ll pay for power over the life of your solar system.

As grid rates continue to rise, your solar panels can end up paying for themselves even faster. The savings add up significantly over time.

3. Grid Independence

Going solar means you’re no longer reliant on the main power grid for your home’s electricity. When you install solar panels on your roof, the energy from the sun is converted into electricity to power your house.

This means the electricity company can no longer control how much you pay for power or when you have access to it.

Energy freedom

With a solar power system, you’ll produce your own renewable energy. You’ll gain more control and stability over your electricity costs.

Energy prices continue to rise, but when you install a  solar solution, you can lock in lower power rates for years to come. You’ll also be less impacted by any future price hikes from the energy companies, or from unstable geopolitical siuations.

Resilient power

If there’s an outage on the main grid, your home will stay powered thanks to the energy stored in the batteries of your solar system.

You’ll have backup power ready for when you need it most. Your solar system also continues working even if power lines are damaged by storms or accidents.

Be prepared

Australia’s summers are getting hotter, and demand for electricity is increasing. Our power grids can often struggle to cope with rapid spikes in demand on the hottest days, often leading to grid failures.

With a solar system, you’ll have your own source of energy to keep you comfortable even during peak times. You’ll be ready for whatever the summer brings.

4. Solar Adds Value and Appeal to Your Home

Going solar is an investment that pays off. Adding solar panels to your home’s roof increases its value immediately. Buyers are willing to pay more for an energy-efficient house with lower power bills.

Homes with solar panels tend to sell for a higher price. Solar adds value because the new owners will benefit from lower electric bills and an environmentally friendly power source.

5. Help the Environment

Helping the environment is one of the main reasons to install a solar solution now  for any Aussie homes. Using the sun’s energy to power your home translates in lower pollution.

When you use solar panels, you lower your carbon footprint. The sun’s energy is renewable and unlimited. It doesn’t pollute the air or water. 

6. Aussie Dollar Uncertainty

The Aussie dollar is continuosly fluctuating. While the dollar is down, solar equipment and components will cost Australians less .

If the dollar goes back up again, solar equipment could increase in price by 10-30% or more. So buying now locks in today’s lower costs and protects you from future  price rises if the dollar recovers.

Many solar companies also import components and finished products from China and the US. When the Australian dollar is weak, it’s cheaper for them to buy these goods.

Often they pass on most of the savings to customers. So you’ll probably get a better deal on a solar system while the dollar is down.

7. Generous Subsidies Available

The Australian government currently offers generous rebates and incentives for homeowners who go for a solar solution. Now is the perfect time to take advantage of these offers before they decrease or are removed.

Rebates and Discounts

The Small-scale Renewable Energy Scheme (SRES) gives you money back for installing solar panels. You’ll get a rebate and the price of your system will be lower.

The rebate amount depends on the size of your system and its location. You can save between $2,000-$4,000 on average for a typical household system.

Feed-in Tariffs

Feed-in tariffs (FiTs) are payments from your energy retailer for the excess solar energy you export to the grid. FiTs vary according to  state but you can typically earn 6-16 cents per kilowatt hour.

These earnings can further reduce your power bill. Some retailers offer higher FiTs to win your business so make sure you run your calculations based on offers from multiple retailers.

Zero Interest Loans

The government’s interest-free Green Energy Loans allows you to borrow the full cost of your solar system and pay it back over time with no interest charges.

You just pay back the loan amount in installments added to your rates. This makes going solar easy and affordable.

Tax incentives

When you claim your solar installation costs on your taxes, you can get incentives like accelerated depreciation deductions. Your accountant can give you the details that match your situation.

Conclusion

The benefits of solar power in Australia today are clear.

With  rising energy prices,  deteriorating climate changes , and  rapidly improving solar technology, now is the perfect time to take control of your energy bills and help the planet. Going solar has never been more affordable or accessible for homeowners. 

Make the switch and start saving thousands each year, gain energy independence, and do your part for the environment. The future is bright for solar in Australia. Take advantage of the many incentives and programs available now to join the solar revolution.

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E-Green Electrical

E-Green Electrical is a top tier energy efficiency company based in Sydney. We focus on utilising government rebates to help reduce our clients energy consumption by installing energy efficient solutions. E-Green boasts a rich heritage within the realm of energy efficiency, consistently staying up to date with cutting-edge technologies to deliver optimal results for our valued customers.

We don't just sell products and services; we also provides tips and information on how to help reduce energy consumption. We believe in using energy wisely and teaching others how to do the same. For E-Green, it’s important to share knowledge with the community. That's why we regularly write articles about saving energy, new government rebates available and increasing sustainability.

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