Solar energy is produced from the sun and requires solar radiation. Solar radiation is light, also known as electromagnetic radiation. Every location on planet Earth receives some degree of sunlight throughout the year. However, the amount of solar radiation that reaches different parts of the world varies greatly. Solar Panel systems work by capturing the sun’s radiation and turning it into an efficient and renewable energy form.
Solar panel systems are also known as “PV panels“. The way a Solar Panel System operates is by converting sunlight into electricity. First, solar Panel Systems use particles of energy from the sun called photons. Then, solar panel systems convert photons into usable electrical power.
You can use solar panel systems for many different applications. While residential and commercial Solar panel systems are the most commonly heard of, they can also serve as telecommunication equipment.
Before investing in a Solar Panel System, it can be helpful to familiarize yourself with the history and the benefits of Solar panel systems. Read on to learn more about
- How Solar Panel Systems are made
- How do solar panel systems work
- A brief history of solar panel systems
- How solar panel systems create electricity
- Where you can buy solar panel systems
A Brief History of Solar Panel Systems
Solar energy has been around for a very long time. The origins date back over 100 years. When Edmond Becquerel first discovered the photovoltaic effect in 1839, we saw a revolutionary breakthrough for solar power. The photovoltaic effect is the process that generates a voltage or electrical currents using sunlight. Becquerel’s discovery led to the invention of solar energy and, eventually, Solar Panel Systems.
Thanks to Becquerel’s discovery of the photovoltaic effect, Charles Fritts later invented the first solar cell. He did so by coating sheets of selenium in a thin layer of gold. In doing so, Fritts planted the seeds for what would eventually become what is known today as a Solar Panel System.
Sometime later, in the 1940s, the first American patent for a silicon solar cell was invented by Russel Ohl. His company designed and produced the first known Solar Panel System. Afterward, the Solar Panel systems took to mainstream use through space satellites. However, many people’s first use of a Solar Panel is probably through a calculator.
Today, Solar Panels and Solar Panel Systems have many uses. While calculators were among the first modes of use for solar panels, today’s applications have expanded tremendously. For example, today you can power a household or commercial building entirely off a Solar Panel System. One example of a commercial Solar Panel System you might be familiar with is the Google headquarters located in California.
Besides saving money and living remotely, having a Solar Panel system allows access to a clean and renewable energy source. With environmental concerns in mind, people are becoming more conscious of their carbon footprints. Therefore, it’s becoming more and more important to do our parts in lessening the pressure we put on our atmosphere through greenhouse gas emissions. Since solar panel systems don’t have moving parts, they are very low maintenance. We recommend having your Solar Panel system cleaned at least once a year to keep it in top condition.
Another appealing benefit of Solar Panel systems is the generous financial incentives offered by the Australian government. Thanks to feed-in tariffs, STCs, and rebates, Australian Solar Panel Systems are some of the cheapest in the world. After the payback period for your Solar Panel system investment, not only will you have free power, but you will also start making a return on your investment. You can potentially do away with electric bills completely if you install a Solar Panel System that is large enough to power all of your household needs.
Many Solar Power systems in Australia are grid-connected, meaning they don’t have a solar battery. However, grid-connected systems can still buy power at night or when it’s cloudy. If you stay connected to the grid, your solar inverter will work with grid power by using your solar power first. Then, it will default to grid power once you’ve self-consumed all your solar energy. You can also sell power back to the grid with a grid-connected system. Whether you choose to stay connected to the grid will depend on your individual needs.
Off-grid systems are power sources that stand alone and don’t require grid connection. Off-grid systems are more common in rural parts of Australia. While they require higher upfront costs, Off-grid systems are ultimately more economical and environmental solutions.
It’s possible to meet your household energy needs with a solar battery and a standalone solar power system. After the payback period, you will be using free power for the remainder of your Solar Panel system’s lifetime.
A Hybrid solar system is a grid-connected system that uses a solar battery to store energy. Solar batteries are an excellent solution for a backup power source. In addition, they can help you maximize the use of your solar power.
The price of Solar Panel Systems has become very affordable in recent years. Australia is home to some of the most affordable Solar Panel Systems globally, thanks to government rebates and feed-in tariffs.
If you are ready to explore some top-quality Solar Panel System options, look no further.
We have some of the most elite and respected brands like LG, Hyundai, Jinko, and Trina Solar. So whether you are interested in a residential or commercial Solar Panel System or Solar Batteries, we can service your needs.
The Cost of Solar Panels: Are Solar Panels Worth It?
If you want to lower your electric bills and reduce your carbon footprint, Solar Panels for Home may be an excellent option for you. Homeowners and business owners who choose Solar Panels for Home reap various benefits. In addition, a Solar power system may increase your home value.
However, it’s essential to educate yourself on the costs associated with Solar Panel for Home to know what to expect. Although there will be costs for installation and maintenance, federal rebates in Australia make for some of the lowest-costing Solar Panels globally.
The magnitude of gains will vary from one house to another depending on several factors.
Critical Points for Those Considering Solar Panels
- A Solar Panel for Home is an excellent option for those wanting to go green and equip their homes with Solar Panels.
- Solar Panels help the environment. In addition, there are generous incentives and buy-in tariffs for Australians using Solar Panel for Homes.
- These rebates make Solar Panel for Homes in Australia some of the world’s lowest-costing Solar Panels for Homes.
- Solar panels are most suitable for homes that receive ample sun exposure throughout the year, making Australian homes ideal for Solar Panel for Homes.
- It’s essential to understand the economic and social implications before committing to Solar Panels for Home.
There couldn’t be a better time to invest in Solar Panels for Home than now. If you choose to join the energy revolution by investing in a Solar Panel for Home, you’ll save tons of money and boost the value of your home. By investing in Solar Panels for Home, you’ll also protect yourself from the continually rising cost of energy bills. Australia sees sunny days all year round. That’s year-round clean energy waiting to be used. It’s also tens of thousands of dollars that you’ll save over time.
Due to Australia’s federal rebates, your investment in Solar Panel for Home will give you the chance to make your money back and more.
Solar Panel for Homes Will Increase Your Property Value
As electricity prices continue to shoot up, investing early will pay off as more and more potential buyers are looking for a property with pre-existing Solar Panels. Solar Panels for Home are perfect for any property owners that want to save money, have backup energy or reduce their carbon footprint.
Feel free to contact us to explore options and find the perfect Solar Power Solution that works for you.
Thanks to reduced solar prices in the past decade, we’ve seen the rise of a clean energy revolution. Renewable energy sources like Solar Power and Solar Panels for Home have recently become cheaper than fossil fuels. In fact, Australian Solar Panels for Home are some of the lowest-costing systems in the world.
So what does this mean for homeowners? First, a Solar Panel for Home will offer a greater lifetime value to homeowners than using electricity from a utility company. The International Renewable Energy Association recommends switching to Solar Panels for Home. Let’s discuss why you should consider Solar Panels for Home and why they are worth it.
The key to getting the most out of your Solar Panel for home is to self-consume all the solar energy you generate. Solar self-consumption within the home will help avoid purchasing power from the grid. You will save anywhere from 20-30 cents per kWh in doing so. The rate you save will vary depending on where you live and your electricity retailer. Solar households can sell their excess solar power for about 8-15 cents per kWh.
Yes, absolutely. Electricity prices are continually rising in Australia. As a result, more and more households are rushing to install solar power to reduce their power bills. This is especially true now that solar panel prices are some of the lowest in the world. Since good quality solar panels are so affordable, it’s possible to get a return on your money in just a few years.
Factors to Assess When Considering Solar Panels for Home
Your location will be the main factor when deciding if Solar Panels for Home are the right fit for you. Australia is a prime location for Home Solar Panels since it gets year-round sunshine. However, there are factors beyond just sunlight to consider – like electricity prices and local policies. Here are some circumstances that will make Solar Panels for Home worthwhile for you:
- Your electric bills are high and continuously rising
- Your roof receives ample sunlight for the majority of the year
- You have a substantial surface area on your roof
- You have access to solar incentives or rebates
Measuring the payback period entails finding out how long your Solar Panel for home system will take to pay itself off. You can measure your payback period by calculating your savings on electricity bills. The point of a Solar Panel for home is to reduce the costs of your power bills.
The formula for calculating a payback period for your Solar power solution is as follows:
Capital investment or the total cost of your Solar Panel for home/how much you save per year with the Solar Panel for home. So, let’s say, for example, that you spend $3,000 on a Solar Panel for Home. If you then save an average of $900 on electricity costs, your payback period would be approximately 3.3 years.
Cost of Solar Panels in Australia
The cost of solar panels in Australia is not standard and will differ based on the size of the Home Solar Panel. Also, the price will change depending on which state you reside. This is because different states have different rebate rates per kWh.
Installation costs will also vary from one state to another. The most basic Solar Panel for Home is typically a 5kWh system, generating around 20kWh of solar energy per day. The average payback period for a 5kWh Solar Panel for Home system is approximately four years.
The Average Cost of a 5kWh Solar Panel for Homes
The 5kWh Solar Panel is probably the most common Solar Panel for Home for homeowners in Australia. Research shows that the demand for Solar Panels for Home is increasing due to rising energy prices. The average cost of a 5kWh Solar Panel for Home in Australia is roughly $4,600.
The demand for 5kWh Solar Panel for Homes has increased steadily over the past decade. One of the points of attraction for a 5kWh system is that it only needs 25-35 square meters to accommodate an ideal Solar Panel for Home system. It can also generate about 20kWh in a day, saving you about $500 per quarterly power bill, assuming you use all the power generated.
This is an obvious and important consideration for anyone considering Solar Panels for Home. Therefore, before you commit to investing in a Solar Power Solution, you probably want to know how long it will take to get your money back.
It would help if you considered the cost of the Solar Panel for home as well as the cost of Solar panel Installation, maintenance costs, and inspection costs. Different Solar Panels for Homes will have varying periods to break even depending on their size and capacity. The break-even figure will not be very far from the average payback period.
In addition to costs for maintenance and inspection, some other factors that will come into play for determining break-even periods are:
- The size of your Solar Panel for Home system
- How much electricity your household consumes
- Your annual output from the Solar Panel for Home system
- Your electricity costs
- Feed-in tariffs
Yes. The installation of a Solar Power Solution will be well worth your investment. While you may incur upfront costs, the benefits of Solar Panel for Homes are undoubtedly worth it from a long-term perspective.
Not only will you save a tremendous amount of money on electric bills, but solar panels for home will also pay themselves back after a few years. With generous government rebates and incentives, the cost of Solar Panels for Home in Australia is at an all-time low.
How Feed-in Tariffs Affect Your Return on Investment
Feed-in tariffs are a monetary incentive that energy suppliers offer for extra energy produced. For example, Solar Panels for Home systems owners can sell their excess energy back into the main grid. Then, your energy provider will pay you a specific rate for the fuel.
Feed-in tariffs are in place to encourage people to use renewable energy. They exist for solar, wind, biomass, and hydro fuels. Various utility companies in Australia pay feed-in tariffs with different contingencies. Tariffs will also vary depending on which state you live in.
You can calculate feed-in tariffs by measuring the extra energy you produce and multiplying that by the kWh of energy. Therefore, a system that generates higher kWh will present an opportunity for higher gains through feed-in tariffs.
For example, suppose you own a 5kWh Solar Panel for Home system that produces 600kWh. If the average household uses about 14kWh per day, that will amount to 420kWh a month. So you would be producing 180kWh extra per month.
Money that you earn from feed-in tariffs is considered part of the revenue generated from your Solar Panel for Home. Therefore, feed-in tariffs play an essential role in determining the time it takes for your solar panel to pay itself off. Higher feed-in tariffs equate to a faster payback period.
Anyone living in an area with higher feed-in tariffs or using a larger Solar Panel for Home system will gain more from the feed-in tariffs.
Australia has some of the most appealing financial incentives to install Solar Panels. Currently, there are three major incentives to encourage Australians to convert to Solar energy – feed-in tariffs, small-scale technology certificates, and rebates.
Feed-in Tariffs
“Feed-in tariffs” is a system that pays Solar Panels for Homes owners for excess energy. You can “feed in” any extra energy you produce from your solar system back into the main grid. In doing so, you’ll receive compensation for the excess energy.
So let’s say you produce 1000kWh, but you only consume 500kWh in your household. You can sell that extra 500kWh back into the main grid for financial reimbursement. Homeowners get paid on a cents per kWh rate for feed-in tariffs
Feed-in tariff rates will vary depending on your state and your Solar Power company. Regardless of your feed-in tariff rates, they will benefit all owners of Solar Panel for home. The reason is that they will increase revenue from your Solar Panel for home.
Small-Scale Technology Certificates (STCs)
The Federal government of Australia operates a Small Scale Renewable Energy Scheme. Certain households can receive small-scale technology certificates (STCs) through that program. The purpose is to encourage Australian households to switch to Solar Energy.
Each STC is equivalent to about one hour, or megawatt, of renewable electricity.
You can claim as many STCs as your system can produce over a specified period. To determine how much you can get back from STCs, you’ll need to calculate how many certificates your system can claim. Since 2018, each STCs stands at about $36 per unit.
Rebates
The last type of financial incentive offered to Australian homeowners for Solar Panels for Home is rebates. Rebates are credits provided by the government and can cover up to half of the cost of the Solar Panel for home systems. Sometimes rebates can even cover the installation cost for your Solar Panel for home systems. Like feed-in tariffs, rebates also vary from state to state. Ultimately they are in place to encourage Australian homeowners to go Solar and make the process easy.
All in all, the verdict is that Solar Panels for Home are worth it. If you have the budget for a quality system provided by a trustworthy Solar Panel for Home company, it’s worth it. When you size your Solar Panel for Home correctly, you can get a return on your money in 3 to 5 years. In addition, solar Panels for Home are generally problem-free investments that generate clean energy for decades. Your Solar Panel for Home can last up to 25 years with a good quality brand.
A 5kWh Solar Panel for Home system can produce lifetime savings of about $50,000 on electricity bills. Furthermore, with solar battery storage becoming available, households can run their home almost entirely through solar power. As more and more households maximize their solar power consumption in their homes, more people are gaining energy independence.
National Solar Network offers competitive pricing on top-of-the-line Solar Panel for Home products. The numbers make sense, which is why millions of Australian households are using solar power. The costs can be as low as 5 cents per kWh. Compare that to what you are paying on your electricity bills, and it becomes very apparent why Solar Panel for Home systems are worth it for almost all Australian households.
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