Without Solar: Are You Wasting Money?

You’re probably sick of hearing about the solar energy revolution by now. It’s the buzzword on everyone lips, and it’s only becoming more popular with the introduction of some of the first solar storage systems in recent months.

The truth is, the reasons to go off the grid are becoming harder and harder to ignore, particularly as electricity bills skyrocket and fossil fuel industries are beginning to suffer. Solar power is no longer just an environmental decision, but a smart financial one. How much can you really save by going green, and is it really worth it? The answer is simple – absolutely.

For example, more than 1.4 million homes in Australia already have solar panels installed on their roof – one of the highest rates of household solar in the world – a number growing by the day. Solar hasn’t completely taken over though – there are still around 6.6 million houses just waiting to draw in the clean green energy (and income) from home solar panels.

Solar is an investment. So, it’s important to know if it’s right for your situation. In saying that, the technology is becoming more affordable by the day with the help of market growth, competition and government subsidies.

How Do I Know If Solar Is Right For Me?

Your solar energy savings will depend on:

  • Location
  • Feed-in tariff rate
  • System size
  • Your roof

Some things can considerably contribute to your energy bill, making solar a particularly good solution to cut electricity costs and add value to your property. Homes with swimming pools, air conditioning, heating, non-LED lights and with a large number of electronics and appliances are all susceptible to some serious bill shock.

An Energy Made Easy study found that households can use anything between 15 and 33 kilowatt hours of energy every day, making the move to a solar system that can cover 8 hours of that a seriously economical move.

How Much Can I Save With Solar?

The short answer to this questions is that it really depends on the list of factors listed earlier. The one consistent fact is that you’ll save money – it’s just a matter of how much!

Endless studies have revealed data on solar power savings. An infographic released by Cost of Solar revealed that savings over the course of a solar system investment ranged from US $20,960 in Texas to US $64,769 in Hawaii for a 20 year savings plan.

Similarly, in Australia, studies found that an individual household’s energy savings could range from AU $700 to AU $1,800 every year. The only way to know how much your savings would be get a solar panels quote today and begin your investment.

These figures are based on regular solar panel systems that have been in existance for decades now. The entry of accessible solar storage technology and the additional impact this will have on solar energy prices and savings – not to mention return on investment – will be the next thing to watch.

And if you do nothing else, be sure to keep your finger on the pulse of the solar industry – it’s constantly changing, and you may just get left behind!

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The Author

Hi, my name is Georgia and I am an editor and content creator working at Australian Solar Quotes. I have a passion for sustainable and ethical living. I want to inform and educate others on sustainable practices like using renewable energy. I invite you to join the conversation by commenting below with your thoughts.