There are many benefits to switching to renewable solar energy. But for many people, one of the biggest considerations is how you can save money with solar power.
When you are thinking about installing domestic solar power, here are some things to consider when working out how much you might save.
How you can save money with solar power compared to standard electricity
The most obvious way of saving money with solar power is by reducing the amount of electricity you buy. This can be particularly effective if you already use a lot of electricity during the day. You may also be able to adjust your lifestyle to suit to maximise benefits. For example, you might put your washing on during the day while you are at work.
If you can afford a storage system you can store electricity produced to use later. Or, if you produce more than you need, you may be able to sell it back to your electricity company for an agreed price.
Installing solar power in a new home can also help save money if it will be expensive to connect to the grid. For example, if your property is a long way from the main connections, it may cost a lot for cabling.
How to ensure your outlay for solar power is appropriate
If you want to save money, then you need to make sure you aren’t spending too much in the first place.
To control your outlay make sure you are getting the right size of solar power setup for your needs. More isn’t always better so don’t overspend. This is especially true if you have no way of storing power not used immediately.
Consider how you will pay for your solar panels. If you can pay for it outright this will reduce any potential interest payments on repayments or loans.
Want to see how much you could save with solar power?
To see if you could save money with solar power, try the Solar Calculator from the Energy Efficiency and Conservation Authority (EECA). Enter information about your home and your current electricity usage and get an estimate on how much you could save.
If you are interested in solar power you should also give us a call to arrange a site visit. We can advise you on the set up which will give you best value for money.