Investing in a solar system can be a daunting decision financially. How much will this system actually save me? How long would it take for me to see a return on my investment? Will the system pay for itself eventually? We are here to show you that it's actually not that scary and almost immediately a solar system can save you thousands a year.
Take your average Australian home as an example.
The average 4 person home has an annual electricity bill of around $2,000*, or a quarterly bill of $500. This means they are consuming about 20kWh of electricity daily.
Now lets install a 6.6kW solar system.
The solar system in this example will generate enough electricity to offset over three quarters of the daily household usage.
The more solar energy you use while it's being produced the more you will save, but if you can't use it all it won't be wasted. In most cases your energy provider will pay you for that electricity. This is known as a "Feed in Tariff".
By understanding how your energy is consumed, you can see just how much solar can save you. The annual bill for these home owners would be reduced by over half, or around $1,193. Reducing their quarterly bill from $500 down to only $202.
As grid electricity prices continue to rise, the cost of your solar electricity never changes. It's always free!
Wondering why you don't already have solar?
* Information shown credit Canstar Blue report found at https://www.canstarblue.com.au/energy/electricity/average-electricity-bills/
Disclaimer: 1) Results will vary based on customers individual circumstances. 2) Estimates of savings are based on an average home in SEQ, Queensland. 3) In developing the estimates and savings outlined in this example assumptions were made in the absence of actual data that may impact the outcomes presented. These were, but not limited to, assumption made on: location, current energy costs, energy consumption profile, proposed system losses, shading losses, future energy cost increases and feed in tariff rate. Any changes to these assumptions will affect the estimates and savings shown in this example.