According to Green Tech Media, Australia has over 2.4 million solar systems installed. Australia has rapidly taken to renewable energy and is adopting it at an accelerated rate of 10 times quicker than the global standard.
With solar becoming more affordable and accessible than ever, you might want to consider it for your own home.
If you’re wondering if solar is the right choice for your home, here are 9 benefits of residential solar installation.
1. Reduce or Do Away With Energy Bills
One of the biggest benefits of residential solar energy is the cost savings on your electric bill. In some cases, using solar energy may eliminate owing anything on electric bills.
Hours of direct sunlight your home receives, the system type, and your roof pitch will dictate how much solar your system generates.
As electric rates continue to rise, installing solar energy will give you more energy independence and control over your monthly costs.
2. A Greener Environment
Using solar energy rather than fossil fuel alternatives helps reduce carbon emissions. Fossil fuel and nuclear energy production can both have harmful impacts on the environment, including polluting the air and waterways.
By making the move to residential solar energy, you are offsetting the detrimental effects of nonrenewable energy sources.
3. Improve Your Home’s Resale Value
Having a solar system is an attractive selling feature for homes on the market. According to a report by the Berkeley Lab, having residential solar energy can increase a home’s resale value by up to $15,000.
You can reap the savings while in your home and continue to see the financial benefits of increased value when you move.
4. Available Government Incentives
If you install an eligible solar system, under the Small-scale Renewable Energy Scheme (SRES), you can receive a rebate towards the cost of your system.
Amounts of the incentive vary based on the size of the system, so speak with a solar professional to see how much you can save.
5. Lengthen the Life of Your Roof
Solar panels can extend the life of your roof, as it acts as a barrier against damaging elements and the effects of inclement weather.
Extending the life of your roof and reducing costly repairs can have a positive long-term financial impact.
6. Minimal Maintenance
One of the benefits of solar energy is that the system is low maintenance. It is recommended to occasionally clean panels to ensure debris is not obstructing the direct sunlight.
You’ll want to consult with a solar professional regarding available warranty options and recommended maintenance for your specific system.
7. Store Power and Earn Credits
In some cases, it is possible to earn feed-in tariffs from your electric company if you have not used all solar energy created by your system. This is often seen as credits on your electric bill.
Rates and terms will vary based on your electric company and solar usage.
8. Affordable Options
According to the Solar Energy Industries Association, the cost of a residential solar installation has decreased by 70% over the past 10 years.
With solar being more accessible and affordable for homeowners, you can reap the savings benefits.
9. Amazing Return on Investment
Homeowners with solar see an amazing return on their investment over the long-term and typically break even within 4-7 years.
This is dependent upon several factors, so it’s wise to consult with a solar professional to discuss your situation.
Find Out More About Residential Solar Installation
Want to experience these amazing benefits in your own home? Contact us today to connect with a solar professional. We’d love to answer your questions about residential solar installation.
We are committed to serving our clients with their solar installation and beyond. We are the leading solar experts, servicing Newcastle, Sydney, and the Central Coast.