Is Solar Really Worth It?

In the last few years, the importance of solar energy has encouraged a growing number of Australians to invest in rooftop solar panels for their home.

In the beginning of solar panels, Australian states offered incentive programs, such as feed-in tariffs and a reduction in charges for homes that had solar panels.

For residents considering investing in solar panels in Maitland, there is a no question as to the benefits they yield.

Making Use of Electricity Directly

Many experts believe that the best way to manage your solar electricity production is to try to make use of it yourself. By making your own energy, you can avoid having to buy it from the electrical grid, with estimates saving of around $.30 per kilowatt every hour.

Sending It to The Grid

If you don’t make use of your solar energy yourself, then you can send it to the electrical grid. There is not a great return on this, with payments being up to $.15 for a kilowatt per hour. It is easy to see that there is a better return if you use your own electrical power, but you can still benefit from this option.



A Stable Source of Income

Despite the fact that you are only getting a few cents per kilowatt/hour, if you are not able to use up that energy in your home, it makes sense to sell excess solar energy to the grid. Even though prices of other commodities might fluctuate, solar energy prices offer a relatively stable form of income.

Solar Energy at A Lower Cost

The popularity of solar panels means that it is now much easier to have these fitted to your property at a relatively low cost. In 2012, a solar system cost around twice as much to install as it does in 2020, reflecting a significant saving, and allowing you to recoup costs for the installation through energy use much faster.

More Solar Power Available

Another reason to invest in solar panels now is that they are much larger than they were in previous installations. Increased demand for solar power plus advances in technology means that it is now possible to install a 10-kilowatt system onto your roof, giving you much better value for money.

Install Solar Panels Today

Want advice about fitting solar into your Maitland home? Seven Electrical can offer you a variety of options relating to your installation, so contact us today either online, or by calling 0421 517 243 now.

For an update on our COVID-19 response, read our previous blog post!