How much do you save when using solar power?
Solar panel installation Melbourne-wide has become one of the leading sources of saving energy and power bills. Most residents and office managers are now opting for solar energy systems rather than the typical energy system. It is also because environment-conscious individuals are driven by their passion for clean energy to install solar panel systems. With the solar panel systems becoming popular among the masses, there are also a lot of concerns being raised about the money that goes into installing a solar panel and the savings that it can offer. Do solar panels reduce your power bills? How much can you save when using solar power? These are some of the essential concerns of people. Let us look at how much you can save using solar panel systems.
Do solar panels reduce energy bills?
Apart from how much you can save, this is a frequently asked question. Some people think they will get rid of their energy bills entirely, and some are disappointed by significant investments but small benefits. Let us address this first. Solar panels reduce your electricity bills, but they do not wipe them off entirely. If your place is connected to a grid, you will likely get charged for the metre, connection, and services. Not to forget the tax charges as well. But this amount is minute and does not affect your budget as such.
How much saving is possible with solar panel installation?
There is no doubt that your power bills are reduced by 80% when you install a solar panel at your place. But how are you saving? The amount you are not spending to pay the bills is your savings. If you have installed a Tesla Power Wall Battery, you can utilise 100% of the energy a solar panel generates.
Does solar power investment payback?
Getting payback for your investment is not only rewarding but also a significant source of your savings. It is fitting that people start freaking out when they hear about solar panel rates, installation charges, and other charges for its maintenance services. Their main concern is often whether investing a lot of money in solar power will pay back or not? If you are fretting about it, stop worrying about something that will pay you back, not just double but a lot more. Getting a solar panel is only a one-time investment. After that, you will save for the rest of your life. If you manage to generate energy through solar power for over 20 years, you are expected to save $52k! What more do you want? Solar power may initially seem heavy on the pocket, but it has long-term benefits.
Which factors can affect solar savings?
Different factors play a huge role in whether you will save or not. These include your home and its location, lifestyle, and the system you choose, including its overall planning. Always avoid cheap quality, and you will save more than you expected. What are you then waiting for? Contact Sustainable for further guidance.
