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How Much Money Can You Save Using Solar Solutions

● April 05, 2023

Energy costs are rising and are anticipated to do so further in the near future. So the question is a solar system worth it in Australia? Well, the answer is a no-brainer! Not only is a solar installation worth the investment, but it also helps you to contribute towards the betterment of society. You know solar panels can generate electricity for 5-6 cents per kWh. When you compare this amount with your current power bill, you will understand why 3 million Aussies have already made the switch to a solar system in Melbourne. An average-sized 8kW solar system with high-quality solar panels can now be purchased for as little as $8000–$9000 when completely installed, and it will produce more than 30 kWh of solar energy per day on average over the course of the year. This is a record-low price for solar panels.

Calculating your solar savings

Why wait any longer when you can join the solar revolution today? You can click on the link to calculate your solar savings today: https://discoversolar.co.nz/calculate-your-saving/ While most homes can benefit from solar energy, we typically advise that your quarterly power bill should be at least $400 to realize substantial solar savings. The smallest system that we frequently implement is 5kW, which can save you $300 per quarter or even more if you can use the majority of the power it produces. With solar installation becoming more cost-effective and the availability of solar batteries, the primary goal of a solar power system is to minimize your power bills. Furthermore, your energy retailer will give you credit on your power account in the range of 5 to 7 cents per kWh for any excess energy you've returned to the grid.

Use of solar energy in Melbourne

Many people are surprised by how much money a high-quality, professionally fitted solar system can save them. With the availability of two rebates bringing down the cost of solar products in Victoria, solar systems are becoming more affordable than ever. When we talk about a 10kW solar installation, you have the availability of the Small-Scale Renewable Energy Scheme (SRES) by the federal government which lowers the buying cost by more than $3800. The state government's Solar Homes rebate, which pays up to half of the remaining cost up to $1400, is also then available to eligible Melbourne buyers. Even if you only use about 70% of the solar energy generated by your system, a 10kW system can save you thousands of dollars each year on your energy costs. Larger or smaller systems can also give substantial savings, depending on your power requirements.

Final thoughts

In general, solar energy is an amazing investment that can permanently lower your energy costs! In fact, a 10kW solar system can help you save over $100,000 throughout its 25-year lifespan, proving to be one of the most efficient ways to lower your carbon impact. Due to significant reliability issues, there is a good chance that your solar won't always be a great investment if you are only willing to purchase the cheapest system. On the other hand, if you choose high-quality solar products, you can save a lot of money while simultaneously lowering your carbon impact for many years. We at Discover Solar recommend the best quality panels at the most affordable price to our customers.