Thanks to the internet, people around the world have access to information that used to be much harder to come by. This has led to an increase in awareness of sustainable energy and how it affects our world.
Solar power is one of the biggest alternative sources out there. It’s clean, reliable, and renewable. It’s also highly adaptable, making it possible to power everything from industrial and commercial equipment to household appliances.
That sounds great. However, many families still struggle with the decision when it comes to the upfront cost of installing a solar array. The price seems high, and most households can’t throw thousands of dollars into something that won’t pay out later.
The experts at Connect Electric want to help people make an informed decision that will allow their families to live better. That’s why we have compiled the following list of things to expect from the moment you turn on your new solar system.
You Will Immediately Lessen Your Impact on the Natural Environment
There are many ways that we impact the environment, and powering our homes is a big one. The average residential solar system comes to a little over 2kW. An array of this size yields about 3,200 kWh per year and prevents about 1.75 to 2.05 tonnes of carbon dioxide from entering the atmosphere.
The amount your system offsets will vary based on the size of the array and amount of sunlight collected and consumed.
The Property Value of Your Home Will See a Sudden Increase
The Australia Bureau of Statistics released a statement revealing that one in five households use solar energy. A 2017 survey found that 77% of respondents felt that solar panels added value to a property, while 57% said that they would pay up to $10,000 more for a home already equipped with a solar system.
Your Solar Panels Will Begin Paying You Back for Installing Them
Solar panels begin paying for themselves as soon as you start using them. The amount you save depends on the size of the system and how much of your household it powers.
For example, a 3kW system with 12 kWh daily output could reduce your utility expenses by as much as $1,314 annually. A 10kW system with 40kWh daily output increases those savings to around $4,380. On average, solar systems pay for themselves within 5 to 10 years.
You Become Eligible for Tax Incentives and Rebates
You can save money on your taxes when you install solar panels. The federal government issues small-scale technology certificates (STCs) to citizens and small businesses that invest in solar technology. That includes panels and hot water systems.
The number of STCs received will depend on the amount your system offsets. Eligible systems must be under 100 kW and used approved panels that are installed by a professional.
If you have questions about solar installation in Australia, contact Connect Electric. We can help you estimate costs and potential savings so you can decide if solar is the best choice for your home.