Growing Use of Solar Panels in Australia as Electricity rates go up

Australia is transitioning to renewable energy, and the solar panel industry is leading the way. Solar power is a form of renewable energy generated by solar panels. It’s a clean, green source of electricity. The solar rebate has encouraged people to use solar power instead of other types such as wind or hydroelectricity.

Therefore, there are various reasons to consider installing solar panels in your home or business. To know the reasons, scroll down and continue reading the post.

Solar Panel Installation

Solar panels have become affordable and more efficient. For example, the average cost of installing an average 5kW rooftop solar system was $5500 in 2010. In 2015, it fell to $3000; by 2020, it will be $1500—a reduction of around 80%.

As a result, they are used in many residential and commercial buildings. The number of households installing solar panels has increased by almost 60% since 2012, with more than one million households now using solar power.

Businesses are also getting on board with the trend. Around 12,000 companies across Australia are installing their solar panels or batteries.

In addition, there was a surge in installations between 2013 and 2018 – from 486MW to over 1 GW. It means Australia now generates more electricity through its rooftop arrays than before they were invented!

Benefits Of Installing Solar Panel

The use of solar panels in Australia is growing at a fast pace. Since the cost of installing solar panels has come down, more and more people are opting for them instead of their traditional energy sources. The switch from fossil fuels to renewable energy has been gradual. Still, it has picked up recently as subsidies, tax credits, and feed-in tariffs have encouraged people to prefer solar power over other energy sources.

Here are some other benefits –

1. Cost-Effective

Solar panels are relatively cheap compared with other forms of energy generation; they cost around $2/watt installed (compared with $200/watt for fossil fuel generation). This makes them very affordable if you’re looking at making your home more environmentally friendly while saving money on your monthly electric bill!

2. Support From The Government

Government subsidies (ranging from tax credits to feed-in tariff schemes) have encouraged people to install solar panels on their rooftops, whether it is for residential or commercial purposes.

3. Easy Installation

Solar panel installation is quick – typically, just one day will suffice unless there are complications during the process, which occur rarely but occasionally happen nonetheless. The best part is solar systems can be installed in remote locations.

4. Save on Electricity Bills

Solar panels also help you save on energy bills by providing more power at night when there’s less demand for electricity from appliances such as refrigerators and air conditioners. This means less wastefulness!

5. Less Maintenance

Solar panels are durable and will take several years before requiring maintenance, which means less hassle for homeowners. It requires occasional maintenance to remove dirt, leaves, or other fragments. You can always call a professional to clean these panels occasionally. That’s the only sort of maintenance that you’ll have to do for your home solar system.

6. Performance Guarantee

Most home solar system providers and manufacturers offer warranties to protect your home solar system for an extended period. Some even offer a 25-year warranty, so you know the unit will be of satisfactory quality.

But before buying, you have to research and choose a reputable service provider that has been in the solar industry for a long time.

7. Reduce Greenhouse Gas Emissions

Solar energy helps the environment by reducing global warming and urban heat by not using burning fossil fuels to generate electricity. Plus, solar photovoltaic cells don’t need water to generate electricity which is one of the most significant environmental benefits of solar panels.

Therefore, Solar panels are a great investment and can save you money. In addition, solar panels reduce your carbon footprint by reducing the amount of electricity you need to supply yourself with. 

It’s estimated that solar power will be cheaper than fossil fuels within ten years. Hence, it’s important to consider these benefits before investing in solar energy systems for your home or business.