Benefits of Solar Panels – Reduce Your Electricity Bills and Increase Property Value

solar panels newcastle nsw

Australians are increasingly moving towards becoming energy independent, free from the monopoly of mains electricity providers. High-quality solar systems like those provided by Captain Green help to reduce a household or business’s dependence on expensive mains power.

The resulting energy savings pay back the initial investment of a solar system within a short timeframe. A few of the benefits of a solar installation include:

Save Money on Electricity Bills

One of the main benefits of solar power is the ability to save money on your electricity bills. Whether you install solar panels or a complete system including a battery, you can reduce your reliance on mains electricity and significantly cut your energy costs.

In addition to the cost-savings, solar energy is also environmentally friendly. By reducing your reliance on carbon-emitting electricity, you can help reduce the environmental impact of other homes and businesses as well.

Additionally, many Newcastle homeowners benefit from the government’s rebate program. The program provides Small Technology Certificates (STCs) that can be exchanged for a discount on a residential solar system. This rebate is available to low income households and pensioners. In addition, the federal feed-in tariff encourages homeowners to produce their own clean energy by offering them a financial payment for surplus solar energy that they send back into the grid. This tariff varies by region and electricity provider.

Reduce Your Carbon Footprint

Solar energy provides a sustainable alternative to mains electricity and reduces your carbon footprint. It’s a green, clean and renewable source of power that is free and limitless. With the right solar panel system sized to your household, you can significantly reduce your electricity costs and increase your property value.

A residential solar energy system can generate up to 80 kilowatt hours of electricity per day, which is enough to cover all your household’s daily power consumption. This means you’ll get a quick return on your investment.

With a solar battery Newcastle NSW, you can store the energy absorbed by your solar panels and use it after sunset and on cloudy days. It can also help you offset your energy usage in case of a blackout. With the recent decline in the feed-in tariff, it’s now more important than ever to focus on self-consumption. Compare electricity retailer plans with a tool like SolarQuotes to find the best plan for your needs.

Increase Your Property’s Value

As a renewable source of energy, solar panels can significantly increase the value of your property. This is because they will lower your electricity bills and reduce your reliance on traditional energy sources. Additionally, they are a great way to reduce your carbon footprint and protect the environment.

Solar power systems in Newcastle NSW are a great choice for homeowners who want to save money on electricity bills. In addition to reducing their electricity costs, these systems can also help homeowners offset their power needs during peak hours and outages.

Moreover, they can also benefit from the government-initiated solar incentives. The Small-Scale Technology Certificates (STCs) program provides a rebate for households that install a solar system. The rebate will depend on the location and size of the solar system. In other words, a larger solar system will produce more STCs and provide a greater discount for the installation cost. However, it is important to note that these rebates do not affect the price of the solar system itself.

Government Rebates

One of the biggest benefits of solar power is that it helps to protect the environment by reducing your household’s reliance on carbon-emitting electricity. Furthermore, by sending any excess energy into the grid, you can even earn money on top of what you’re saving from your utility bills.

While quality solar systems can be expensive, they’re a great long-term investment. In fact, a Newcastle homeowner can save thousands of dollars over the lifetime of their system. Additionally, the cost of a system is much cheaper today than it was a few years ago due to falling panel and battery prices.

Furthermore, a Newcastle homeowner can receive government rebates to help offset the upfront costs of the system. These rebates are offered through the Small-scale Renewable Energy Scheme, and are based on the size of the system and where you live in Australia. You can find out more about these incentives by speaking with a local solar expert.



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