If you’re yet to install a solar system at your home, you may be wondering if it is still worth the investment. With the rising costs of living already placing a significant strain on household finances is it worth funding a switch to solar energy?
In short, yes. If you are in a position to pursue solar energy for your home, there’s actually never been a better time to do so. Let’s take a look at why.
Reasons To Invest In Solar In 2023
Falling Solar Panel Costs
When solar technology was first introduced it was so expensive that it was only used for satellites. As technology advanced and the production of panels became more efficient, solar became more accessible.
The costs associated with solar panels and their installation are continuing to fall. This means it is increasingly more affordable for homeowners to invest in solar systems.
There are many financial incentives available to homeowners who invest in solar systems in Australia. These incentives can include rebates, feed-in tariffs, and tax credits, all of which can help reduce the initial cost of installation.
At Curran T Electrical & Solar, our Brookvale electricians can walk you through all available incentives for your proposed installation and how to apply for these.
Rising Electricity Prices
Just like grocery and fuel prices, electricity prices in Australia have been steadily rising.
By investing in solar panels, homeowners offset their electricity bills by generating their own power. This means less reliance on the grid and as a result, lowered energy costs.
As a society, we are becoming more and more aware of the negative impact fossil fuel use has on our environment.
As a clean and renewable energy source that reduces reliance on fossil fuels, solar energy is a much better alternative.
Opting out of energy produced by fossil fuels means you are contributing to the reduction of greenhouse gas emissions and contributing to a healthier planet.
Installing solar panels on your home can increase its resale value and appeal. Knowing there is solar in place to reduce future energy costs makes it an attractive option for potential buyers.
Relying solely on the grid and having to deal with energy corporations focused on profit is less than ideal. When you invest in solar, you gain a level of independence from the grid and are no longer subject to the stress that fluctuating energy prices can bring.
Solar – The Smarter Choice
No matter how you approach it, the benefits of switching to solar in Australia in 2023 far outweigh the costs. While the initial outlay for installation can seem daunting, the financial return and positive environmental impact, in the long run, make it a truly worthwhile investment.
With the Australian government increasingly focused on renewable energy, solar is only going to rise in popularity. In fact, it is estimated by AEMO that solar could be responsible for supplying up to 77% of Australia’s energy needs by 2026.
Don’t Be Left Behind In The Solar Race
In 2023, one in every three Australian homes has a solar system installed. If you’re yet to install solar but are ready to do so, the team at Curran T Electrical & Solar can help.
As qualified electricians specialising in solar installation and maintenance, we help you find the ideal system set up for your needs both now and in the future.
Serving the Northern Beaches and Central Coast, our local electricians offer unmatched expertise and affordable solutions for clean, renewable and sustainable energy.
As a multi-skilled team, we also offer emergency electricians in Manly and surrounds and a full suite of electrical services. Need a Narrabeen electrician to help with renovations, a Mona Vale electrician experienced with solar or an electrician in Collaroy for a simple repair? We’re the team you can trust.
Call Curran T Electrical & Solar today on 0439 646 823 to get started.