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Are Solar Panels Good Value For Money?

Sep 07, 2021

We are in the midst of a solar revolution. As the world transitions from fossil fuels to more sustainable solutions, solar panels are being installed at a rapid rate of knots, especially here in Australia.
 
Around
two million Australian homes (21 per cent) already have solar panels installed and this rate is expected to keep rising as people seek clean, affordable and reliable electricity.
 
Many people are in the consideration stage when it comes to purchasing solar systems but want to know how they will deliver actual savings before deciding.


Here at DTE Electrical & Data have put together this article, that will outline the various ways solar panels will save you money in the short and long term.


Solar Panels Will Save Money On Your Electricity Bills


Solar panels produce electricity during the day when the sun's high in the sky. If you live in an area that gets a lot of sunshine, you won't need to rely on expensive grid power as much and will notice dramatic reductions in your electricity bills.
 
The average Australian household
pays $404 a quarter for electricity, but this falls to $317 per quarter with solar panels installed.


Depending on the system you install, you can reduce your bill by even more than that - and in some instances, wiping it out completely.

You Can Sell Back Excess Power To The Grid


You might not know that you can sell back any extra electricity you produce to the grid if you have solar panels on your roof.


It's called net metering, and it means that when you generate more energy than you need from your rooftop solar system, you get paid for it by your utility company.


This is called "selling back" or "exporting" power.

They Will Pay Themselves Off Quickly


Solar panels are an excellent investment for your home. They can pay themselves off quickly and save you money on electricity bills long-term.
 
Solar panels
last for around 20 years (depending on the quality that you purchase), which means that your savings will rapidly erase the initial expense of buying and installing them.


In just a few years, you may well be enjoying free electricity generated by the sun.

They Increase The Value Of Your Home


If you ever decide to move or you want to add value to an investment property, solar panels are known to add serious value to your home.


A simple 5kw installation can add as much as $29,000 to the value of your property, so you will be in a a better position and may get more money in your pocket when you decide to go to market. 

Solar Panels Are More Efficient And Cheaper To Purchase


We're experts in the field of renewable energy and we can help you find the perfect solution for your home or business.


Our team will work with you to find out exactly what type of system is right for your needs so that you can start saving money on electricity today.
 
The team at
DTE Electrical & Data will help you source the best quality, modern solar solutions which have the highest efficiency rates and longevity.


Contact us today or call us 02 6800 1703 to get started.

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