Solar energy is becoming more and more popular all over the world. In Australia, one of the sunniest countries on earth, solar energy is a no-brainer. But when should you consider making the switch to solar?
Here are a few things to keep in mind:
RETURN ON INVESTMENT
Solar panels typically have a payback period of between three and five years. So after you've installed your solar panel system, it will take time for you to start seeing savings on your energy bills.
FEDERAL AND STATE GOVERNMENT INCENTIVES
The Australian government offers a range of incentives to encourage people to switch to solar energy. These include the Solar Credits scheme and the Renewable Energy Target. There are also several state-based initiatives, such as the Solar Feed-in Tariff in Victoria.
INCREASING ELECTRICITY PRICES
Electricity prices are rising, which means that going solar is a great way to insulate yourself from rising energy costs.
Solar energy is a clean and renewable resource, which means that it has a minimal impact on the environment. In addition, solar energy is environmentally friendly and renewable, so you can feel good about doing your part to help the planet.
LIFESPAN OF SOLAR PANELS
Solar panels have a lifespan of 25 years or more, so you will be making a long-term investment.
INCREASED HOME VALUE
Solar panels can increase the value of your home, making them a wise investment.
You're probably wondering when to bite the bullet and consider going solar with all of that in mind. There's no way around it; solar installations require an upfront payment. And there are a few things to ask yourself before you make your decision:
WHY ARE YOU INTERESTED IN GOING SOLAR?
Are you interested in saving money on your energy bills? Do you want to do your part to help the environment? Are you interested in increasing the value of your home? Once you know why you're interested in going solar, you can start to look at the numbers and decide whether or not it's right for you.
HOW MUCH ELECTRICITY DO YOU USE?
The amount of electricity you use will impact the size and cost of the solar panel system you need. The more electricity you use, the more panels you'll need, and the higher the upfront cost.
WHAT IS YOUR ELECTRICITY RATE?
Your electricity rate will impact your return on investment. The higher your electricity rate, the faster you'll see a return on your solar panel investment.
WHAT IS YOUR ROOF LIKE?
The type of roof you have will impact the cost and complexity of installing solar panels. A pitched roof is typically the easiest and most cost-effective roof for solar panels.
HOW MUCH SUN DOES YOUR ROOF GET?
The amount of sun your roof gets will impact the performance of your solar panel system. The more sun your roof gets, the more electricity your solar panels produce.
HAVE YOU CONSIDERED THE COST OF A SOLAR PANEL SYSTEM?
Solar panel systems can cost anywhere from $5000 to $25000. Most companies have financing options available, but you need to consider these costs when considering solar.
ARE YOU ELIGIBLE FOR GOVERNMENT INCENTIVES?
As we mentioned before, the Australian government offers several incentives to encourage people to switch to solar energy.
As mentioned above, there are also plenty of financing options available to make going solar more affordable. Solar is an excellent investment for your home, and the sooner you make the switch, the sooner you'll start seeing savings.
If you're considering switching to solar, now is a great time. Solar energy is a clean, renewable resource that will help you save money on your energy bills. In addition, with government incentives and increased home value, solar is a wise investment for your future. So what are you waiting for? Go solar today!