Installing solar panels is a thoughtful approach to protect the environment – and to help you save money. A 1.5 kilowatt solar photovoltaic (PV) system may prevent roughly 2.2 tonnes of CO2 greenhouse emissions each year. Apart from helping to green the world, there are a number of additional compelling reasons to invest in solar panels now rather than later. Landlord solar installations gives your property an added value and also encourages the other solar for tenant to follow the use of renewable energy sources.
Here’s why this is the right time to opt for solar energy –
It is not as costly as it seems
The cost of putting solar panels in your home has decreased dramatically over the last decade due to advancements in solar technology and systems. In Australia, the market is booming, and solar companies have been compelled to stay competitive in order to stay in business. Furthermore, if you install a solar system in your home by 2031, you will still be eligible for government subsidies such as STCs and Feed-In-Tariffs in Australia. These can save you thousands of dollars throughout the life of your solar system.
Lower Your Electricity Bill
Now that we’ve established that adding a solar system would not deplete all of your funds, another advantage of residential solar PV systems is the opportunity to reduce your quarterly electricity bills. Solar panels are a terrific method to lessen the pressure on your household and reduce the shock horror of receiving your electricity bill each month as the cost of power in Australia continues to grow.
Generate your own electricity
Home solar systems allow you the chance to separate from your commercial energy source and acquire a sense of freedom in addition to financial freedom. Your solar system panels can gather energy from the sun and convert it to electricity to power your home and appliances even on overcast days. You’ll be able to feed excess power back into the grid if your home generates more energy than it consumes.
Boost the Value of Your House
Installing a high-quality solar system on your home instantly adds desirability and significant economic worth to your property, which is especially crucial if you decide to sell. With the current incentives, installing solar may typically add more value to your home than it costs to build the system, so it’s worth looking into if you’re thinking about selling.
Reduce Your CO2 Emissions
As the effects of climate change grow, Australians are seeking for a variety of ways to have a long-term positive impact on the environment while also reducing their impact. Residential solar system in your house is a simple way to minimise your carbon footprint and assist in a clean, renewable tomorrow without sacrificing other aspects of your life.
It is a long term investment
It’s critical to comprehend the long-term advantages that a solar system will provide. Solar systems, for the most part, pay for themselves in around 3-5 years. As a result, they are essentially positively geared beyond the 3-5 year point, in addition to adding a large amount of value to your home. Another factor to consider when deciding which solar system is suitable for you is that current systems with micro inverters can come with warranties of up to 25 years, which means you won’t have to pay for manufacturer defects out of pocket for that long.
In 2020, Australia will have over two million solar-powered households, making it the world leader in home solar systems. This number is only anticipated to rise dramatically over the next decade, as the government rebate programme comes to an end. Solar energy is no longer considered a “niche” or “exclusive” technology. It has become the new normal for Australians all around the country.