When a 1.5 kilowatt solar photovoltaic (PV) system can avoid about 2.2 tonnes of CO2 greenhouse emissions from being emitted each year, it’s clear that installing solar panels as soon as possible is an excellent way to help the environment – and to help you save money. But aside from helping to green the planet, there are other great reasons for getting solar panels now rather than waiting for later.
The cost of solar systems are at an all-time low
The benefits of solar power to the average Australian household are myriad. Particularly when it comes to saving you money. Today, the average residential solar system is cheaper than ever. Thanks to technological strides and a current glut in the global manufacturing market, the price of solar modules has dropped by more than 75% in the past five years.
This impressive price drop also means that the average size of a home solar system has more than doubled, increasing from 1 to 2 kilowatts (kW) to between 4 and 5 kW – this can have a far bigger impact on your electricity bills. Which is great news for your budgeting and saving.
The sooner you buy, the sooner you save
While you might be tempted to hold on and see if the price of solar power systems falls even further, putting off your purchase may not necessarily make financial sense.
Energy prices are already high and forecast to go higher, but solar power costs are at an all-time low. In fact, the overall cost of solar power in all Australian capital cities (with the exception of Canberra) now actually sits below retail grid power prices.
Maintenance is minimal
Solar panels require very little maintenance. And while in the past some manufacturers advised buyers to have them cleaned every few years to ensure they continued to produce energy, today’s solar panels don’t even require this level of upkeep. Most experts now agree that it’s not worth the bother or expense cleaning high-performance solar panels since they should still operate efficiently even when dirty.
Solar panels increase the value of your home
In Australia’s increasingly green climate, installing a solar power system could be a great asset when it comes to selling your home. Upgrading your home with solar panels can be a fast and easy way to help make your home more attractive to potential buyers, and they look good, too. Gone are the days of clunky rectangular eyesores: today’s panels are sleek and designed to match the pitch of your roof with minimal hidden wiring, and hardly affect the look of your house at all.
Solar panels have long life spans and even if selling your house isn’t on the immediate horizon, you’ll still be able to enjoy all the benefits of generating clean solar energy while making your place more attractive if you decide to put your house on the market in the future. And while you’re waiting, it’s worth remembering that the Climate Council estimates most Australian solar systems now pay for themselves in less than a decade.
Be part of the solar power revolution
Nearly 15% of the country’s households have already installed solar panels with an average system size of 4.5 kW, and the percentage is rising. Talk to an expert EnergyAustralia solar specialist today about how you can join the 1.6 million households who are already enjoying the benefits of producing their own, clean solar energy.