There are many financial and environmental benefits that an investment in solar power can bring to you and society as a whole. Environmentally, solar panels will help reduce your carbon footprint significantly. Financially, solar panels typically deliver good savings and substancially help to lower your electricity bill.
There are numerous environmental benefits of solar panels. Once manufactured, your solar panels will generate clean, renewable energy for your home. Solar panels reduce air pollution, as there are no pollutants associated with the generation of solar power.
A 6.6kW solar power system can save you significantly per year, and will significantly reduce your electricity bills. Payback periods for solar panel systems can be as low as four years and are typically no longer than 7 years.
If you buy quality components, your solar panels can deliver savings for 25 years or more. Lifetime savings of solar panels can be massive. Our solar savings calculator will help you estimate the financial benefits.
You will get paid whenever you export energy from your solar panels back to the electricity grid. For every kilowatt-hour (kWh) of energy you export, you will receive a feed-in tariff from your electricity retailer.
A solar battery can allow you to become energy independent. Batteries work by storing your excess solar energy for later use, thus reducing your reliance on the electricity grid. It is possible to get a storage system that has backup power functionality too, providing you with peace of mind and electricity when the grid goes down.
Once your solar system is installed, it will likely require very little maintenance. Typically, solar panels do not even need to be cleaned. The inverter may need replacing after 10 – 15 years, but this is the only additional cost you may incur throughout your system’s life.
All things being equal, solar panels could add to the value of your home. The National Renewable Energy Laboratory offers a useful guide when determining how much your property’s value will go up. According to its research, each additional $1 in energy bill savings (from your solar system) could add $20 to your home’s total value.
This rule of thumb varies depending on a number of factors, including the location of your home, the size of the installation, and the value of your home.
The exact numbers vary from property to property and installation to installation.
* This only applies for purchased solar systems.
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