Like anything – before you make the solar switch, it’s important to do your research and understand your household energy usage and feed-in tariff rate. That’s why our team of energy experts are committed to making solar simple. Here’s three tips for solar.
Solar pays for itself
An average solar system (6.6kW+) will cost your family approximately 5k to 14k (based on the CEC’s residential solar buyer’s guide), and while the figure may seem like a large investment at first, there is a number of easy ways to finance your system and fit the cost into your budget.
The best part is – when you crunch the numbers, it costs the same to pay for a solar system on a monthly finance plan, as it does to pay your electricity bills each quarter. So, in 3 – 5 years, depending on system size and your financial plan, you can pay off your solar system and reap the rewards from ‘free’ power simultaneously – with bills at $0 or in credit!
Up to 30% of your power bill is generated from idle power usage
Did you know turning off power points that are simply left switched on can reduce your energy consumption by up to 30 per cent? So, by switching off idle power sources such as whitegoods and appliances and changing a few small habits, the average household can save an additional $558 per year! Over a five-year period, that’s $2,780 back in your pocket.
Looking for more bang for your buck? Using your solar monitoring system can help you become more aware of your idle usage and help tweak this habit. For example, just setting timers on your appliances such as the dishwasher, washing machine and dryer to daytime running (when you’re receiving maximum solar benefits!) can drastically increase your yearly savings.
Shopping around for the best feed-in tariffs post-install can be a task worth understanding
Big energy retailers such as AGL, Origin Energy and Alinta Energy – to name a few – offer different ‘cents per kilowatt’ return on power exported back to the grid for your unused solar production. The varying figures range from 15 cents to 20 cents and while the figures may seem minuscule on their own, they can add up to saving a few hundred dollars quickly. If your bill is over the 60/40 split in daytime versus night-time consumption, this can jump to a reasonable- sized income even quicker!
So, with big savings and an increased understanding of your energy usage, it makes sense that millions of Australian households are turning to solar. Use these handy tips and you can also calculate how much your household can save by going solar, in the top right using the ‘Start Now‘.