One of the most common questions about solar power is: “How much money will I save by applying it in my household?”. To answer that question, you have to understand the benefits of this energy production system and know how to calculate the savings in the long run. You should consider the location of your property, size of a power system, average energy usage in your household and feed-in rate.
Before you decide to set up solar panels, you should learn more about the potential for the installation of this type of system on your property. The location of your home plays a major role here since different areas will be more or less exposed to the sun.
Though Australia is one of the most suitable countries for this type of energy production, the sunlight hours will vary from one district to the other. For example, Queensland naturally gets more exposure then Tasmania. This is why you may install the smaller size inverter in regions where solar radiation is greater and achieve the same effect you would get with a larger system.
Size of the Power System You Install
Considering the size of the panels you should install, it depends on your property potentials. To realise that, you should hire a professional, which is why we are here to offer our services. Our experts will visit your place and investigate the installation options. According to your needs, expectations, energy utilization and living location, we will design a solar power solution that fits you best.
Generally speaking, common sense suggests that smaller systems produce less energy than larger ones. You will most likely benefit more from a 5kW unit than one of 3kW. It is a choice that will greatly influence your savings, so you should choose a system that will be large enough to reduce your bills and cover power usage in your household.
Energy Usage in Your Household
To find out more about saving with solar power, you should compare the energy consumption in your property to your electric bills before panel installation. Owners of commercial buildings or larger private residences already know that these demands will be higher for their estate, so they will need larger units.
Keep in mind that these systems will produce energy during daylight which creates certain usage patterns. All energy produced and not used will go to the grid. And it will be used once you run out of clean power produced by your panels. Thus, if you consume more energy than the system can provide you will have this resource as a backup.
Areas such as Queensland offer a specific feed-in tariff for solar power that goes back to the grid. This means that you will have the option to sign the agreement with your distributor that offers the sort of rate for this type of energy.
These rates are beneficial because you will get paid for the energy you produce. Simply put, you will gain while reducing your electricity bill. However, tariff varies from one area to the other, so you should check that with your energy provider before counting your savings.
Getting the Best Deal
To make sure that your installation pays off, you will have to figure out a way to predict possible savings. This will depend on the already mentioned size of your system and feed-in rate but also a warranty for the battery. It will also include the quality of solar panels you use.
If you find this a bit complicated and you would like further explanation, we can help you with that. Contact us for any additional information, and don’t forget that our team can provide different energy-saving solutions. And, in case you are ready to switch your property to a solar power system, you can rely on our service.