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As Australia becomes more conscious about renewable energy sources, solar energy has gained much traction and popularity. However, with so many trendy investment opportunities available these days, it’s hard to know if investing in something is really going to “save you lots of money.” The question then arises for all the new interested solar buyers- do solar panels really help save money? Is solar worth it? How much should a solar installation cost?

It is important to consider all the benefits of installing a solar power system for your home as it does require a considerably high upfront investment. Residential solar panels not only help you reduce your carbon footprint, they help you save money on your electricity bills as well. Rebates and incentives set in place by the government to encourage the transition to renewable sources of power like the feed in tariff can help you save even more and make installing solar panels even more beneficial.

How much you actually save by installing a solar power system depends on many factors, including your own power consumption, local electricity rates, and the size of your solar system. So when you see statistics on how much solar energy saves on average, those numbers can be misleading as they aren’t taking all of these factors unique to each residential or business property in to account.

Installing solar panels helps you save money by reducing your electricity bill by cutting down the amount of energy you need to take from the power grid. Solar panels give you the ability to save money by creating a natural source of energy that has the ability to power your home, get you hot water and heat your pool. If you’re looking to increase your savings with a solar power system, it really comes down to a few key factors:

  • Direct hours of sunlight
  • Local electricity rates
  • The size of your pool

Some solar panels convert 22 percent of their available energy into electrical power. This is an actually an impressive number considering the average amount paid by the Australian population on their electricity bills every quarter. The solar panels are made of solar cells. A cell is a small disk of a semiconductor like silicon. They are attached by wire to a circuit. As light strikes the semiconductor, light is converted into electricity that flows through the circuit. As soon as the light is removed, the solar cell stops producing power.

Installing a solar power system can help increase your savings even more if you have a pool that is otherwise dependant on the power grid for heating. A solar pool heating system uses the sun’s abundant energy to heat your water. The water is directed to the collectors, rising from the bottom to the top. As it gradually rises, it’s heated by the natural energy and then returned to your pool. This cycle continues until your pool water reaches the desired temperature. You can enjoy an added 10-13° to your water without any extra costs or air pollution!

Solar Energy is one of the most well-known and talked about renewable sources of energy. Solar Energy (also known as solar power) comes from the sun and is converted into either thermal or electrical energy by modern day technologies. By installing a solar power system and using the converted solar energy is the cleanest form of energy and is the most abundant renewable energy source that is available to us.

Renewable energy provides us with the potential for a cleaner and more stable power source, rather than simply depending on power sources that are finite and generate harmful pollution. While a benefit of utilizing Solar Energy is the promise of a healthier environment, the benefits do not end there. Solar Energy is also very cost effective. For example, installing solar panels on your roof may save you more money then you realize, and you will be helping to promote clean energy!

In conclusion, solar panels and a solar power system will save you money and have proven to give a return on your investment in no time. Rising property values, lowered utility costs and the government rebates on solar all ease the upfront costs of installing solar panels. Since the price of energy isn’t dropping, investing in solar energy is the smart move to save money, with the added bonus of substantially lowering your carbon footprint!

Contact SunMate Solar today for a free quote on a solar power system and start saving!