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With Australian power bills set to go just one way, maybe it is time to adhere to the lead of Malcolm Turnbull and set up solar panels on the roof.
Just a few weeks back, in February 2017, high temperatures sent electricity consumption rocketing causing power outages in South Australia and coming very close to it in NSW.
Prime Minister Turnbull in 2016 updated the solar panels on his roof to a 14.5 kilowatt hour system, and included a 14 kilowatt hour battery at a total price of around $25,000. This may be out of the reach of the average Australian person, however then the ordinary Australian residence does not require the capability that the Prime Minister’s home obviously requires.
For instance, because solar panels just provide you with electrical power when the sunlight is beaming, you will not be making use of much electrical power if you go to work all day, and you will certainly utilize much more when you get home during the night when the sun has actually decreased. If you set up a battery, then that alters because the battery will certainly charge while you go to work and after that offer electricity when you get home.
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Setting up solar panel system could give you a warm glow as you know that you are aiding the environment, yet it has actually the added advantage of cutting down the expense of your power expenses and most likely securing you from any kind of power cuts. You additionally stand to obtain from the feed-in tariffs (FiTs), most of which today are net FiTs. This indicates that the power that your system produces and feeds right into the grid is spent for at the same rate as that which the electrical power company sells it for. (Until recently, the ACT and also NSW ran gross FiTs which saw home manufacturers far better off than net FiTs, however these gross FiTs have actually currently been discontinued).
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Another major factor when considering the price of a domestic solar power system is whether you plan on including a battery. If you wish to include battery storage this can double or perhaps treble the total bill. An entry level battery will cost you around $2,000, while the latest 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 could assume it worth the cost since the 14 kwh Powerwall will certainly last you for nearly a full day even if it is cloudy, if your usage is the Australian national standard of 16 kwh per day.
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What About The Cost Of Solar Panel Installation?
So just what is the first solar installation cost? This will differ according to the size of your house, the quantity of electrical power that you utilize, as well as 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. In general, throughout 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 reduced since 2016 by somewhere around 10%, so now is a good time to think about home solar installation considering that it is unlikely that costs will drop any further.
Solar Choice also claims that it is essential to obtain the ideal size of solar energy system for your residence. You should be utilizing a minimum of fifty percent of the overall amount of power that the solar energy home system produces.
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Nonetheless, your city is not the only variable influencing the cost savings made by installing solar panels. Other key points to consider are just how much electricity you utilize, the dimension of your solar system, the direction in which your roofing system faces, whether your residence obtains complete sunlight or is partly shaded, whether you install a battery, whether you mount intelligent software to maximise financial savings, as well as the time of day that you use your electrical power.
For instance, since solar panels only supply you with electricity when the sun is beaming, you won’t be making use of much electricity if you go to work all day, and you will make use of more when you get home at night when the sun has dropped. If you set up a battery, then that alters due to the fact that the battery will charge while you go to work then supply electricity when you get home.
Certainly, the reverse is true, due to the fact that if you are at home all day you will utilize extra electrical energy in the day time, so your savings will certainly be better. Some people 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 thus making use of power during the day. If not, you could only be running the fridge and the fridge freezer in the day time. On top of that, if you are at home during the day you may likewise be running water heating, and room home heating or cooling in the day time. In general, water heating and also space heating amount to in between 50% and 70% of the electricity made use of by a typical home. For this reason the Alternative Technology Association has mentioned that if you wish to get the best value for money from solar you must change away from gas water and room heating.
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Certainly, if your home remains in complete sunlight and the roof covering faces the sun for the majority of the day you will get even more advantage than if the sunlight goes behind another structure or possibly a row of trees for half the day, unless you have a battery. Surprisingly, the first Australian that had a Tesla mounted, Nick Pfitzner of Kellyville Ridge, mentioned that his quarterly electrical power bill dropped from $660 to simply $50 for the exact same quarter.
Some power companies also offer attachments such as smart power tracking where they evaluate the quantity of energy your house demands and afterwards make use of weather forecasting to make a decision whether to utilize solar or battery power, or to draw energy from the grid. By doing this, one business, Evergen, asserts to be saving customers as high as $2,000 a year.
So you can see that there are indeed a substantial number of variables that affect the savings that you could make, every one of which leads us onto the payback time. Simply puts, how long 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 actually created a table based upon a 3kwh system and presuming that the house makes use of 50% of the electrical energy created. This gives a pay-back time of as little as 3.2 years in Perth, where installment prices are least expensive, 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.”