With the rising power bills, solar panels in Australia have become a must-have for both residential and commercial purposes. Solar PV modules start saving your power bills from day one and continue to do so for many years to come.
Solar panels Australia pays for itself in a few years thereby not only benefitting your wallet but also our environment by lowering your carbon footprint. With these following seven points, you will understand why you will switch to residential solar installation or even commercial as soon as possible!
7 reasons to switch to solar panel Australia today
There are various reasons why we think switching to solar PV modules is the best decision you will make today!
Change in the working pattern
The pandemic has caused changes in our way of life. Many office workers now choose to work from home one to two days per week. These options are being provided by employers as in a competitive job market, it helps keep their workers content.
One effect of these situations is that families will start using more electricity during the day. It was seen that power rates increased by up to 17% in July 2022, and further increases are anticipated.
Solar panels start saving as soon as it is installed
Do you know the best part about solar PV installation? It starts saving on your electricity bills from day one. After installing solar panels, you can reduce your bills going ahead. It generates excellent profits and practically pays for itself. All you have to do is keep up with periodic maintenance to maximize the efficiency of your solar panels.
Availability of finance
If you are scared of the initial investment required to install solar panels, no need to worry as we have some good news for you. The Australian Government offers various financing options such as rebates in various states so as to bring down the installation cost of solar PV modules.
Uncertainty of the Australian dollar
The value of the Australian dollar is falling, and this is no longer a mystery. Solar panels won’t be an exception to the general price rise that is to be anticipated.
Most commercial solar companies and even those selling residential ones import them from different places. In fact, a lot of companies have already made hints about potential price increases for these systems. Thus, every expense increase is passed along to the customer as is expected. So invest in solar energy today to avoid being cut off from your system by rising prices and volatile currency markets.
Reduction in government incentives
If you are closely following the solar market, you will notice that the rebates offered by the government on solar panels Australia is reducing. As of 2020, you could get a rebate of about $3600 on a 6.6kW solar system size. So you understand the more you delay, the more this number is going to reduce.
Solar is perfect for people on a fixed income
If you rely on a fixed income from investments, it’s possible that it will decline due to the turbulence of the financial markets. However, what you can do is keep your fixed and variable expenses to a minimum. With lower energy costs that will give you more money to save from the first day and for years to come, solar energy is your ticket to financial freedom.
Delaying solar requires you to continue paying your electricity bills out of your own wallet. Even $250 a quarter represents a staggering $100,000 in lost revenue over ten years.
Renewable energy is good for the environment
In contrast to fossil fuels, solar panels produce free, clean energy that doesn’t hurt the environment. The installation of a 6.6kWh system in NSW can offset up to 8,000 kg of carbon dioxide per year and 160 tonnes over a 20-year period.
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