Solar Energy – is it worth the cost?

When considering a new build or renovation, families across Toowoomba and the Darling Downs are looking to Solar Energy as an alternative to traditional energy sources such as gas or electricity. This can be due to a myriad of reasons, including environmental sustainability, safety, and cost-efficiency. So, is the initial financial outlay really worth it?

In order to assess the cost effectiveness of a residential solar energy system, several factors need to be considered:

Access to sunshine:

Living in the “sunshine state” does not always mean that we have unlimited access to solar resources! While we do have a high proportion of sunny days, this can be diminished by the position of trees, or even the neighbours’ roofline – all can inhibit your access to sunshine! Obviously, the more sun on your solar panels, the greater the electricity production.

Government Incentives:

Both the federal and state governments have offered several incentives and rebates to help with the installation cost of Solar Energy Systems. While these incentives can greatly reduce the cost of installation, they are not guaranteed to last forever, but, while available, certainly reduce the cost of installation making it far more financially achievable. This area of knowledge changes with new policies and incentives constantly evolving and being rolled out. To stay up to date, it is best to head to local energy providers, solar installers, and the federal and state government websites for further information.

System size:

There are several size systems available on the market – and their efficiency will greatly impact the electricity offset you may expect. Do your research to ensure you are investing in a system that can generate the energy your household needs.

Feed in Tariff:

In Queensland, you are able to sell your excess electricity back to the energy providers on the grid, which can certainly maximise your cost effectiveness.

Solar panels won’t make you a “quick buck”, and the initial outlay is quite high however, when coupled with the electricity savings, and the contribution to a cleaner, greener energy, you may find it a worthwhile investment.

 

If you’re looking for ways to harness natural energy in your renovation or new home build, be sure to talk to Carl. He’d love to find a way to make your home greener and more environmentally sustainable.

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