Installing solar panels Adelaide can be a costly investment. It’s important to consider all of the factors before making the decision.
If energy independence and a reduction in reliance on the utility company are goals, solar power can make sense. In the long run, it will save money on electric bills and increase your home’s value.
Lower Electric Bills
Solar panels can dramatically decrease your average monthly electric bill depending on your home energy needs and electricity usage. That is especially true in areas with high electricity prices.
You may occasionally see a small service charge on your utility bill, even with solar panels, since you are technically still connected to the grid and using some utility services, such as meter readings and equipment maintenance. Additionally, you may need to use grid energy occasionally if you produce less than what you need (particularly during cloudy or rainy days).
But overall, your bills will go down substantially, and you’ll eliminate those volatile, ever-changing utility costs. In many cases, the savings on your electric bill from going solar will eventually match or exceed the cost of your solar panel installation. It is known as the payback period, which can take 6 to 10 years.
If you are financing your solar panel installation, you can receive a tax credit for your investment. It will reduce your upfront costs and help you make a faster return on your investment. Those who pay cash for their solar systems can also reap the benefits of lower electric bills and increased property values since they own the system rather than leasing it from a company.
Increase Property Value
Solar panels are an environmentally friendly addition to any home because they reduce energy costs and offset greenhouse gas emissions that would be produced otherwise. However, it’s important to note that the environmental impact of Adelaide solar panels isn’t zero-sum, as the production and transportation of solar panels contribute to greenhouse gases. That being said, a typical solar energy system will produce more energy than it consumes in its lifetime and, therefore, will offset more greenhouse gas emissions than it creates.
Aside from the environmental benefits, solar is a sleek and attractive addition to any home, increasing its value. In fact, a recent report by Zillow found that the resale value of solar homes is higher than that of comparable homes without solar.
When considering how much your solar panel installation will increase the resale value of your home, you’ll also need to consider the size and quality of your solar system. As a rule, larger installations (in terms of wattage) will generate more value, as will newer and in good-condition systems. Additionally, the direction your roof faces will influence how much a solar system can produce, with north-facing roofs delivering less than south-facing ones.
Environmentally Friendly
Using solar panels Adelaide to produce electricity is much more environmentally friendly than traditional power sources like coal, oil and natural gas. These fossil fuels emit greenhouse gases responsible for climate change, air and water pollution, and more. They are also non-renewable resources that will eventually run out. Solar energy uses the clean, renewable sun to generate electricity and is a far better option for our environment.
The only negative of solar panels is their manufacturing process, which can be a little unfriendly to the environment. However, many companies are improving the manufacturing process and being more eco-friendly.
Once installed, solar panels require very little maintenance. They will only need occasional cleaning to keep them functioning correctly. Solar panel installations have a warranty that typically covers repairs and maintenance for up to twenty years or more.
Solar panels also reduce the amount of energy sourced from the national grid. It helps lower utility bills and will reduce your carbon footprint. You can even return excess energy to the grid through net metering, reducing your bills and carbon footprint.