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With Australian power bills set to go only one way, maybe it is time to follow the lead of Malcolm Turnbull and install solar panels on the roof.
Only a few weeks ago, in February 2017, high temperatures sent power usage rocketing triggering power blackouts in South Australia and coming really close to it in NSW.
Prime Minister Turnbull last year updated the solar panels on his roofing system to a 14.5 kilowatt hr system, and added a 14 kilowatt hour battery at a complete expense of around $25,000. This could be out of the reach of the ordinary Australian person, however then the typical Australian residence doesn’t need the capacity that the Prime Minister’s home obviously needs.
For instance, because solar panels just offer you with electricity when the sun is shining, you will not be using much power if you go to work all the time, and you will use a lot more when you get home during the night when the sun has actually dropped. If you install a battery, then that alters due to the fact that the battery will certainly charge while you are at work and afterwards provide electrical energy when you get home.
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Installing a solar panel system can provide you a warm glow as you recognize that you are assisting the atmosphere, yet it has the added benefit of lowering the expense of your electrical energy bills and likely securing you from any kind of power cuts. You also stand to get from the feed-in tariffs (FiTs), most 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 exact same rate as that which the electricity company offers it for. (Till just recently, the ACT as well as NSW operated gross FiTs which saw home manufacturers much better off than net FiTs, however these gross FiTs have currently been ceased).
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One more significant factor when considering the price of a domestic solar power system is whether you plan on including a battery. If you intend to add battery storage this can double and even treble the total expense. 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 two times the capacity of the earlier variation, costs an eye-watering $11,000. Nevertheless, you may assume it worth the price since the 14 kwh Powerwall will certainly last you for practically a complete day even if it is cloudy, if your consumption is the Australian nationwide average of 16 kwh each day.
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What About The Cost Of Solar Panel Installation?
So what is the initial solar power installation cost? This will certainly vary inning accordance with the size of your house, the amount of electrical power that you use, and where you live. In February 2017 the expense of an ordinary 3kwh system ranged from $4,000 in Perth to over double that at $8,600 in Darwin. Overall, across Australia, inning accordance with Solar Choice which is a solar panel installation comparison and brokerage company, the average was $5,250. Definitely, the cost of installing solar power has decreased since 2016 by somewhere around 10%, so now is a good time to think about home solar installation given that it is unlikely that rates will certainly drop any more.
Solar Choice also states that it is essential to obtain the ideal dimension of solar energy system for your residence. You must be using at the very least half of the complete amount of power that the solar energy home system creates.
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However, your city is not the only factor impacting the financial savings made by installing solar panels. Various other bottom lines to think about are how much electrical power you utilize, the size of your solar system, the direction in which your roof faces, whether your residence obtains complete sun or is partially shaded, whether or not you install a battery, whether you mount intelligent software to increase financial savings, and even the time of day that you use your electrical energy.
As an example, due to the fact that solar panels only give you with electrical energy 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 use extra when you get home at night when the sunlight has actually gone down. If you install a battery, then that alters due to the fact that the battery will certainly charge while you go to work and afterwards supply electricity when you get home.
Obviously, the opposite is true, since if you are at home all the time you will make use of more electrical power in the day time, so your financial savings will certainly be higher. Some people that go to work throughout the day and do not have a battery mounted have the tendency to do things like have the washing machine running while they are out hence utilizing energy throughout the day. If not, you may only be running the refrigerator and the fridge freezer in the day time. Furthermore, if you are at home during the day you might also be running water heating, and room heating or air conditioning in the day time. Generally, water heating as well as space heating amount to in between 50% and 70% of the electrical energy used by an average home. Because of this the Alternative Technology Association has specified that if you intend to obtain the best value for money from solar you should switch away from gas water and area home heating.
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Undoubtedly, if your home remains in full sunlight and the roof covering faces the sunlight for a lot of the day you will receive more benefit compared to if the sunlight goes behind another structure or maybe a row of trees for half the day, unless you have a battery. Interestingly, the first Australian that had actually a Tesla set up, Nick Pfitzner of Kellyville Ridge, stated that his quarterly electrical power bill went down from $660 to simply $50 for the exact same quarter.
Some power firms also provide attachments such as smart power tracking where they analyse the amount of power your house needs and then use weather forecasting to make a decision whether to use solar or battery power, or to draw power from the grid. By doing this, one business, Evergen, declares to be saving consumers as high as $2,000 a year.
So you can see that there are without a doubt a significant number of variables that impact the financial savings that you could make, all of which leads us onto the payback time. To puts it simply, how much time it takes before you have covered the price of the installation of solar panels.
How Long Does It Take To Payoff Your Solar Panel?
Solar Choice| has drawn up a table based upon a 3kwh system and assuming that the home utilizes 50% of the electricity generated. This gives a pay-back time of as little as 3.2 years in Perth, where installment expenses are most affordable, to as high as 8.2 years in Darwin. Sydney shows in at 5.3 years, Adelaide and also 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.”