How effective is solar power? Is it well worth the investment to power your home? If you’re considering going solar, these are important things to consider. After all, solar energy is a free and renewable source of energy.
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| How Effective Is Solar Power For Your Home? — Aus-Brite Solar |
HOW SOLAR SYSTEM WORKS
The sun releases energy — light, and warmth — called radiation. It is often harnessed by using solar panels that contain photovoltaics (PV), which absorb the radiation and convert it into electricity. The sun only emits radiation during the day and is suffering from elements like cloudiness, so it has to be combined with a technique of energy storage. Do you want to get solar power? Consider solar Panel installing for your home. you can consult Aus-Brite Solar for Best Solar Panel Deals NSW. Now, let’s take a look at some benefits of using Solar Power.
Affordable solar energy system prices
The prices for solar energy systems have come down significantly, costing about 40% less to put in in 2018 than they did in 2012.
An increase in average system size means better value for money:
As prices have come down, the typical size of solar energy systems has increased. Today, you’ll find most homes installing 3kW to 10kW systems compared with 1kW to 2kW systems in Australia. and therefore the larger systems nearly always offer better value for money than the smaller systems.
Shorter payback periods and better rate of return:
It’s important to settle on a solar energy system that’s the correct size for your home, so you’ll use a minimum of 30% of the energy it produces directly. If you put in a 5kW system and have a self-consumption rate of 30%, you’ll expect a payback time of fewer than 6 years on average. And your internal rate of return (IRR) for the primary year would be 18% on average.
You can further reduce your payback period and increase your returns by:
Increasing your rate of direct solar power consumption, eg use electricity during the day when the system’s producing electricity.
Reducing your energy use, eg buy energy-efficient products and switch off lights and electrical equipment when not in use.
Increase your home’s value and so it will help in sell more quickly
The more solar panels you’ve got on the roof, the upper your home’s value is going to be — you’ll expect a rise of just about $6,000 per kW of solar energy. So if you installed a 5kW system, your home’s value will go up by quite $29,000.
What’s more, everyone needs electricity and if the value of using electricity is greatly reduced with a home that features a Solar Panel system installed, people will view your home favorably when it’s up for sale. this suggests you’ll sell your home faster by up to twenty.
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