In Australia, Solar PV is becoming an increasingly attractive investment. With ever-increasing electricity prices, and the introduction time of use tariffs, it has never made more sense to take control of your energy needs by generating your own power with a solar installation. Here are three important things to consider when deciding to go solar.
How does a solar installation generate energy value?
Solar installations generate energy value by producing electricity from sunlight. This electricity can offset the cost of your current electricity usage from the grid, or we can store it in batteries for use at night or during a power outage. Solar installations typically have a 20-25 year lifespan, so they provide years of valuable energy production. The cost of PV panels has fallen significantly over the past decade, making solar a more affordable option than ever before.
How does a solar installation add property value?
A well-designed and installed solar system will increase the value of your property. Besides generating valuable electricity, a solar system will also reduce your carbon footprint and improve your home’s energy efficiency. These factors all contribute to making your property more desirable to potential buyers and increasing its value.
How does a solar installation pay for itself?
A solar installation will typically pay for itself within 5-7 years through savings on your electricity bills. After that, you will continue to save money every year and increase the value of your property. Any excess electricity that you generate can be sold back to the grid at a profit. With all these financial benefits, it’s no wonder that going solar is such a popular investment in Australia!
Solar installations offer a wide range of benefits for Australian homeowners and businesses. Not only do they generate valuable electricity, but they also add property value and pay for themselves within just a few years. If you’re considering making the switch to solar, now is a perfect time! Get in touch with Sync Energy today for a free quote on your custom solar solution.