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With Australian power bills set to go only one way, maybe it is time to adhere to the lead of Malcolm Turnbull and mount solar panels on the roof.
Just a couple of weeks ago, in February 2017, high temperatures sent out electrical power usage soaring triggering power blackouts in South Australia and coming really near to it in NSW.
Prime Minister Turnbull last year upgraded the solar panels on his roof to a 14.5 kilowatt hour system, and also included a 14 kilowatt hour battery at an overall cost of around $25,000. This could be out of the reach of the average Australian citizen, however then the ordinary Australian home doesn’t require the capacity that the Prime Minister’s home undoubtedly needs.
For instance, because solar panels just give you with electricity when the sunlight is beaming, you won’t be utilizing much electricity if you are at work all day, and you will use much more when you get home during the night when the sunlight has gone down. If you set up a battery, then that alters due to the fact that the battery will certainly charge while you are at work then offer electrical energy when you get home.
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Mounting a solar panel system can give you a warm glow as you recognize that you are assisting the environment, yet it has the added benefit of cutting down the price of your power bills as well as likely safeguarding you from any kind of power cuts. You also stand to get from the feed-in tariffs (FiTs), the majority of which today are net FiTs. This implies that the power that your system produces and feeds into the grid is spent for at the exact same price as that which the electrical energy firm offers it for. (Up until just recently, the ACT and NSW ran gross FiTs which saw household manufacturers better off than net FiTs, yet these gross FiTs have currently been ceased).
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One more significant factor when thinking about the expense of a domestic solar power system is whether you plan on including a battery. If you wish to add battery storage this can double or perhaps treble the total costs. An entry level battery will certainly cost you around $2,000, while the most up to date all-singing, all-dancing Tesla Powerwall 2.0, which has two times the capacity of the earlier version, sets you back an eye-watering $11,000. However, you might think it worth the cost since the 14 kwh Powerwall will last you for almost a complete day even if it is cloudy, if your consumption is the Australian national average of 16 kwh per day.
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What About The Cost Of Solar Panel Installation?
So what is the first solar energy installation cost? This will certainly vary according to the dimension of your house, the quantity of electricity that you use, as well as where you live. In February 2017 the price of an average 3kwh system ranged from $4,000 in Perth to over double that at $8,600 in Darwin. In general, throughout Australia, inning accordance with Solar Choice which is a solar panel installation comparison and brokerage service, the average was $5,250. Absolutely, the cost of installing solar power has actually reduced since 2016 by somewhere around 10%, so currently is a good time to think about home solar installation given that it is not likely that rates will certainly drop any more.
Solar Choice likewise states that it is important to obtain the right dimension of solar power system for your residence. You should be using at the very least half of the overall amount of power that the solar energy home system produces.
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However, your city is not the only aspect influencing the financial savings made by installing solar panels. Various other key points to think about are how much electrical energy you use, the dimension of your solar system, the direction in which your roof covering faces, whether your house gets complete sun or is partially shaded, whether you install a battery, whether you mount smart software to maximise cost savings, and even the time of day that you use your electrical power.
As an example, because solar panels only offer you with electrical power when the sunlight is beaming, you will not be utilizing much electrical energy if you go to work all the time, and you will certainly make use of much more when you get home at night when the sunlight has actually decreased. If you set up a battery, then that alters since the battery will certainly charge while you go to work and afterwards supply electrical energy when you get home.
Of course, the reverse holds true, since if you are at home all day you will make use of a lot more power in the day time, so your financial savings will certainly be higher. Some individuals that go to work all day and don’t have a battery set up have the tendency to do things like have the washing machine running while they are out hence using power during the day. If not, you might just be running the refrigerator and the freezer in the day time. Furthermore, if you are at home throughout the day you might additionally be running water heating, and room home heating or air conditioning in the day time. As a whole, water heating as well as area heating add up to in between 50% and 70% of the electrical energy used by a typical home. Therefore the Alternative Technology Association has specified that if you want to obtain the most effective value for money from solar you must change far from gas water and room home heating.
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Obviously, if your residence is in full sunlight and the roof covering faces the sun for most of the day you will certainly receive even more advantage than if the sun goes behind another structure or possibly a row of trees for half the day, unless you have a battery. Surprisingly, the very first Australian that had a Tesla mounted, Nick Pfitzner of Kellyville Ridge, stated that his quarterly electrical power bill went down from $660 to simply $50 for the same quarter.
Some power companies likewise offer attachments such as intelligent power monitoring where they analyse the quantity of power your residence demands and then utilize weather forecasting to decide whether to utilize solar or battery power, or to draw power from the grid. By doing this, one firm, Evergen, asserts to be saving customers as high as $2,000 a year.
So you can see that there are indeed a considerable number of variables that influence the cost savings that you could make, all of which leads us onto the repayment time. In other words, how much time it takes before you have actually covered the expense of the installation of solar panels.
How Long Does It Take To Payoff Your Solar Panel?
Solar Choice| has actually prepared a table based on a 3kwh system and assuming that the home utilizes 50% of the power created. This gives a pay-back time of as low as 3.2 years in Perth, where installation costs are lowest, to as high as 8.2 years in Darwin. Sydney shows in at 5.3 years, Adelaide and Brisbane at 4.3 years, Melbourne at 7.0 years, Hobart 7.2 years, and Canberra 7.9 years.
Take a look at what others are saying about these great products and services.
“The system is performing so far as predicted by Alex, who is the owner of Advanced Solar Technology. The whole process of providing and installation of the system has been completely trouble free and very professional. I would recommend this company to anyone who is in the market for a PV system.”
“I would recommend Clean NRG if you’re considering installing solar on your home. Tony from Clean NRG took the time to understand my energy usage first by working through 12 months of old power bills. From this information Tony then suggested a 3KW system based on my current power usage around the home.Initially I was thinking of a 5KW system, so this advice saved me around $1200. I would recommend Tony and the CleanNRG team for honest advice when purchasing your Solar. Thanks Finn for your help in guiding me to Clean NRG, it certainly cleared up some of the confusion that occurs when you first set out to purchase solar. ”
“The service from Tony and the team was excellent from start to finish. Everything went smoothly, it was installed on time on the day they said and the installers were very good even cleaned up afterwards. I would recommend NRG without hesitation to anyone. Thanks for a job well done.”