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With Australian power bills readied to go only one way, perhaps it is time to follow the lead of Malcolm Turnbull and mount solar panels on the roof.
Just a couple of weeks back, in February 2017, high temperatures sent electrical energy consumption soaring causing power failures in South Australia and coming very close to it in NSW.
Prime Minister Turnbull in 2016 updated the solar panels on his roofing system to a 14.5 kilowatt hr system, as well as included a 14 kilowatt hour battery at a total cost of around $25,000. This could be out of the reach of the ordinary Australian resident, but then the average Australian home doesn’t require the capacity that the Prime Minister’s home clearly needs.
For example, since solar panels only supply you with electrical energy when the sun is beaming, you will not be making use of much power if you are at work throughout the day, and you will certainly utilize a lot more when you get home during the night when the sun has decreased. If you set up a battery, then that alters because the battery will certainly charge while you go to work and afterwards provide electrical energy when you get home.
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Mounting a solar panel system could offer you a cozy glow as you recognize that you are assisting the atmosphere, however it has the added advantage of reducing the price of your power expenses and likely protecting you from any type of power cuts. You additionally stand to acquire from the feed-in tariffs (FiTs), a lot of which today are net FiTs. This implies that the power that your system generates and feeds into the grid is spent for at the very same price as that which the electricity company markets it for. (Until recently, the ACT and also NSW operated gross FiTs which saw family producers better off compared to net FiTs, however these gross FiTs have actually now been stopped).
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Another significant variable when thinking about the price of a domestic solar power system is whether you plan on including a battery. If you intend to add battery storage this could double or perhaps treble the overall costs. An entry level battery will certainly cost you around $2,000, while the most recent all-singing, all-dancing Tesla Powerwall 2.0, which has twice the capability of the earlier variation, sets you back an eye-watering $11,000. Nevertheless, you might think it worth the rate due to the fact that the 14 kwh Powerwall will last you for almost a complete day even if it is cloudy, if your consumption is the Australian nationwide average of 16 kwh per day.
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What About The Cost Of Solar Panel Installation?
So what is the initial solar energy installation cost? This will certainly vary according to the size of your residence, the quantity of electrical power that you use, as well as where you live. In February 2017 the expense of an average 3kwh system varied from $4,000 in Perth to over double that at $8,600 in Darwin. In general, across Australia, according to Solar Choice which is a solar panel installation comparison and brokerage service, the standard was $5,250. Certainly, the cost of installing solar energy has actually reduced since 2016 by somewhere around 10%, so currently is a great time to think about home solar installation given that it is unlikely that rates will drop any more.
Solar Choice likewise claims that it is necessary to get the right dimension of solar energy system for your house. You need to be utilizing a minimum of half of the overall amount of power that the solar energy home system creates.
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However, your city is not the only element influencing the cost savings made by installing solar panels. Other key points to consider are how much electricity you use, the size of your solar system, the direction in which your roof faces, whether your residence gets full sun or is partly shaded, whether you set up a battery, whether or not you set up smart software to maximise cost savings, and even the time of day that you utilize your electrical power.
For example, due to the fact that solar panels just give you with electrical power when the sunlight is radiating, you will not be utilizing much electrical energy if you go to work throughout the day, and you will use more when you get home at night when the sunlight has actually decreased. If you set up a battery, then that alters due to the fact that the battery will certainly charge while you are at work and then supply electrical power when you get home.
Of course, the opposite is true, because if you are at home all the time you will certainly make use of more power in the day time, so your savings will certainly be greater. Some individuals who go to work all day and do not have a battery installed tend to do things like have the washing machine running while they are out therefore using power throughout the day. Otherwise, you might just be running the fridge and the freezer in the day time. Furthermore, if you are at home throughout the day you could additionally be running water heating, and room heating or cooling in the day time. Generally, water heating and also area heating amount to between 50% and 70% of the electrical power used by a typical home. For this reason the Alternative Technology Association has specified that if you want to obtain the very best value for money from solar you must change away from gas water and area home heating.
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Obviously, if your house remains in complete sunlight and the roof faces the sun for the majority of the day you will certainly get more benefit than if the sun goes behind another structure or probably a row of trees for half the day, unless you have a battery. Interestingly, the very first Australian who had actually a Tesla mounted, Nick Pfitzner of Kellyville Ridge, specified that his quarterly electrical power bill dropped from $660 to just $50 for the exact same quarter.
Some power companies likewise provide add-ons such as intelligent power monitoring where they evaluate the quantity of power your house needs 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, claims to be conserving clients as much as $2,000 a year.
So you can see that there are indeed a substantial variety of variables that impact the cost savings that you can make, every one of which leads us into the repayment time. In other words, how long it takes before you have actually covered the cost of the installation of solar panels.
How Long Does It Take To Payoff Your Solar Panel?
Solar Choice| has created a table based on a 3kwh system and presuming that the residence utilizes 50% of the power produced. This gives a pay-back time of just 3.2 years in Perth, where installation costs are least expensive, to as much 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.”