What are the Financial Benefits of Solar Energy for People in Australia?

Benefits of Solar Energy
September 14, 2023

Find how much money you can save with a typical solar panel and battery system in South Australia.

Average Grid Energy UseFirst year savings from 5kW solarFirst year savings from 10kW solar
10kWh per day$1400 to $1700$2200 to $2700
15 kWh per day$1500 to $2000$2300 to $2800
20 kWh per day$1600 to $2300$2400 to $2900

In the past few years, Australia has emerged as a solar energy superpower. The continent has made a successful transition to a net-zero emission global economy. In Australia, solar energy contributes up to 60% of the country’s energy needs. 

An increasing number of Australian households are installing rooftop solar panels to reduce their energy costs. Thanks to the advances in technology, we can now harness abundant solar energy from the sunlight. Through these technologies, we can convert sunlight into electrical energy either through PV panels or through mirrors that concentrate solar radiation.

Moreover, there is massive potential for solar energy to contribute to electricity generation in Australia in the coming decades. The increasing demand of solar energy can help all the households in Australia to reap the financial rewards of self-sufficiency.

Doing Your Homework Before Purchasing Solar Panel Systems

If you are looking to install a solar panel system for your house, the first thing you should do is monitor your home energy usage. You can measure your home energy requirements with the help of a solar calculator. It will help you in determining the size of your system and the savings you will get from that particular system. 

Australia is considered one of the sunniest continents in the world. This continent has the highest solar radiation per square meter and has some of the best energy resources in the world. Therefore, installing a solar panel can be a feasible choice for your home or business. 

In addition, solar power can bring various financial benefits to your residential, commercial, and industrial properties. These financial incentives are encouraging millions of Australian households to switch to solar energy. Here, we have listed some of the financial benefits of solar energy for people living in Australia.

Various Financial Benefits of Solar Panel for People in Australia are: 

Help in Lowering Your Electricity Bills

Sun’s energy can be used directly for heating, cooling, and lighting. In addition, it can easily be converted into electricity to power your homes or commercial premises. As electricity prices are sky-rocketing, an ideal solar power system can help reduce your electricity bills. 

Your solar panels will produce electricity during daylight hours and the excess electricity is fed back into the grid. Solar panels are designed to effectively tap the sun’s energy and convert it into electricity. 

Moreover, the net metering system gives convenience to only pay for the deficit power consumed. It is the difference between the power consumed from the grid and the solar power generated from the panels

This can reduce your electricity bill to a great extent. 

Helps to Get Solar Energy Rebates

The potential to save money can encourage you to add solar power to your home. Powering your property with solar can not only save your electricity bills, but you could also be eligible for various government rebates. These financial rebates act as a significant incentive for going solar. The solar energy rebates you will get are:

  • Small-scale Technology Certificates [ STCs]: The federal government offers small-scale technology certificates to homeowners who invest in solar panels. To be eligible for this certificate, you should install approved solar PV panels installed by certified professionals.
  • Feed-in Tariffs: In feed-in tariff, you can get paid back for the excess energy you send back to the grid. The amount you are paid is measured in cents per kilowatts per hour of electricity you generate. This means that you will get a refund on the solar energy saved.  

Helps to Increase Your Property’s Value

In addition to huge savings with benefits of solar panel installation can increase in property value. Solar power systems are an ideal source of clean energy. When you install these panels at home, your electricity bills can be reduced. 

Moreover, people will certainly view your home favourably when it is offered for sale. A good quality solar system can provide a reliable source of free electricity for the new owners. 

Statistics indicate that solar panels can increase the value of your property by $15000. 

Although, the factors like electricity rates and system size may impact the value of your property. But it is seen that solar homes sell more quickly than homes without solar power systems. You can get the best solar panels Sydney for installing a solar panel system. This decision will ultimately enhance the value of your property in the long run.

Helps in the Reduction of Carbon Footprint 

Being a zero-emission electricity source, solar energy systems are highly benefits of a solar panel for people in Australia. Switching to solar energy can cut down the carbon footprint of your house.

It is estimated that every kilowatt of green energy can reduce your carbon footprint to a great extent. 

Solar panels have the capability to generate power with zero emissions. The excess generated power can be used to feed your energy demand. 

Moreover, when you switch to solar, it reduces your dependency on fossil fuels which are considered as a relatively more expensive source. Solar panels not only give environmental benefits but are also an economical source for all homeowners.

Can Generate Additional Income

Solar power systems can also generate income for you. A grid-connected system helps in exporting the unused energy back into the grid. After that, your energy retailer will pay a solar feed-in tariff to you. In this way, solar panel owners can earn cash money or a credit on their energy bill. 

Why Choose Aus-Brite Solar?

At Aus-Brite Solar, we provide energy efficiency solutions to all Australian households. We design solar panel systems with a view to match your home energy needs. So you can get quality services at affordable prices.

Contact us and start living smart with the best solar panel solutions.

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