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The Benefits of Solar Power: Free Energy, Government Rebates, and Increased Home Value
Solar Power in a Nut Shell
Solar power is energy harnessed from the sun. The biggest source of free energy for our galaxy. The advantages of solar power are that once you install a system in your home, you will have the potential to create free energy for your home forever!
Government Rebates
One of the biggest advantages of solar power in Australia is the Government will help you get it installed and set up in your home. The government now offers substantial rebates that can reduce the total cost of the system installation.
The Government will contribute money towards purchasing and installing your solar system.
You can have an entry-level system installed in Sydney for as little as $3,900.
Check out this website for more information.
Return of your Investment
Another positive advantage of solar power is the financial investment, saving thousands on your electricity bills. We have worked it out that this works out to be a return of 20 - 35% per year for your investment.
Your solar system should pay for itself around 3-6 years. This also depends on the size and complexity of your solar system and also the location you are in.
Increase the Value of your Home
Energy efficient homes tend to sell better than homes that aren't. Imagine if you could advertise that fact that your house is energy efficient and the buyer would never have to pay for another electricity bill.
With rising electricity prices, buyers will increasingly focus on energy efficiency via solar and battery storage when considering which home to purchase.
Also, new building codes such as Mandatory Disclosure started measuring a building's energy efficiency and allocating a star rating. This rating impacts a building's resale value and/or future rental returns. The more stars a building has, the more energy efficient it is considered. Research in the ACT has shown that increasing a building's star rating by just one star increases its resale value by 3%.
Creating a sustainable future
One of the most rewarding advantages of solar power is the fact that you are harnessing the suns free energy source. Reducing your need to use energy from the grid. this means using fewer resources from the earth like coal. This then reduces carbon pollution thus helping save the environment!
Maximising the advantages of solar power
To reduce your payback period and increase your investment return, you can make your household an energy efficient home. Small lifestyle changes can reduce your electricity consumption.
There are a number of things you can do around your home to save energy
Use your electricity at times when your solar system is producing electricity.
- Turn off all appliances at the wall – turns off standby power.
- Purchase energy efficient appliances.
- Turn down your hot water system
(heating water can be one of the main users of electricity if you use electrically boosted systems). - Turn off air conditioners and heaters when you are out. Use these in the rooms you are occupying.
- Install Energy Efficient light globes – compact fluorescent globes.
- Shade East and West windows from the sun – prevents the heat gain and reduces aircon use.
When designing your solar power system, Smart Energy Answers will consider your electricity consumption patterns and tailor the system to produce electricity (where possible) to maximise the in-house utilisation of your solar production.
