Did you know that solar power is still a great investment in NSW, even in the absence of a feed-in tariff incentive in the state? The fact that the prices of solar PV system have been declining along with the fact that retail electricity rates have been rising significantly in recent years means that solar panels can now serve as a cost-effective, rooftop ‘power plant’ for NSW homes and businesses. This article takes a look at the benefits of solar power in NSW and how you can best take advantage of them.
What are the benefits of a solar power in NSW?
The main reason that NSW homes and businesses choose to ‘go solar’ is to save money on their power bills. Since the end of NSW’s Solar Bonus Scheme to new applicants, new solar panel owners will definitely benefit by following a simple rule: aiming to consume as much of the solar power they produce as possible. Doing this is known as ‘solar self-consumption‘.
Through solar self-consumption, system owners reduce the amount of electricity that they have to usually purchase and pay for depending on their electricity consumption. Sending the excess solar energy into the grid is a great way to earn additional savings and to get benefits from the solar energy you can’t use yourself!
Attractive return in investments for solar power in NSW
In NSW, where there are no current government-backed solar feed-in tariffs in place, a solar power system can provide you savings on electricity bills by reducing the need to purchase power from the electrical grid.
Investing in a solar power system would be particularly advantageous for those of us who consume the bulk of their electricity during daylight hours, but as long as you can use at least 30% of the energy that the system produces the investment is sure to be a beneficial one.
Solar power is a low-maintenance investment
Rooftop solar systems usually have no moving parts and require very little maintenance or inputs once they are installed and functioning. We all love to keep our money to ourselves rather than dish out on maintenance and repairs don’t we? Which is why investing in Solar is more reliable than spending in something that has multiple parts that could result in multiple maintenance charges.
To Be on good terms with the Environment
Solar panels rely solely on the energy of the sun to generate electricity. This means that opposite to fossil fuels, solar panels use the renewable energy of the sun to create electricity which is then used by households and businesses. Moreover, the energy photovoltaic is reliable and green, different to other sources of energy that can be very toxic and pollutant, like coal, oil drilling and nuclear power. Solar panels do not release any greenhouse gases and don’t require/pollute water in the process of generating electricity.
You guys have it easy when it’s summertime. With the sun being at its peak, it is now the ideal time to invest in Solar. You get the maximum energy from the sunlight as well as many summertime offers that will be easily available. Investing during this period, you can hone the utmost benefits and witness the amount of money saved as the season goes along. Grab your own panel soon as summer is the best time to invest!
For Future Generations
Global warming and environmental impact have become priority issues for most governments for good reason. If we do not reduce our carbon footprint, we are not only destroying the planet we inhabit, but also putting at risk the health and living conditions of future generations. Solar panels are a good option if you want to give good value to your money and be good with the environment at the same time.
I hope that these factors help convince you that solar power at NSW is a great investment that is beneficial to both your pockets. As we had talked about in one of our other blogs (Choosing the Best Solar Panels), there are different ways of choosing the ideal solar panel for your home and workplace in order to provide you with the best benefits that you can glean from the investment.
After all, it has been said, “We have this handy fusion reactor in the sky called the sun, you don’t have to do anything, it just works. It shows up every day.” – Elon Musk, CEO Tesla Motors