The topic of solar electricity, despite its proven benefits, still invites some sceptics. Solar power technology has advanced astronomically over the past 20 years – and with more efficient technology, the overall cost of solar has dropped and the quality has shot waaay up!
Starting as a once expensive energy source, it seems that there are still some misconceptions about this renewable energy solution and we’re here to set the record straight. We’ve intercepted 5 common solar myths that could be holding you back from a $0 power bill and a more sustainable lifestyle.
MYTH #1. High electricity prices are just this generation’s reality
Yes – electricity prices in Australia are some of the highest in the world. Even after a slight fall in mid-2017, power prices are still the highest they’ve been for 20 years – and if we continue to use power from the grid, this isn’t going to change any time soon.
But, alongside high power prices, this generation also brings with it more advanced and cost-effective solar power technology than ever before. Therefore, increased power prices are only a factor for those who rely solely on the grid. To give you an idea of the savings you could see on your power bill, two of our Green Energy customers reported that “…before solar, [their] bill was over $800 and the last one was $65” – Robert and Rebecca Hold, Whitsundays.
MYTH #2. I can’t afford it
The most common misconception is that solar power is too expensive, and the average Australian household or small business can’t afford it. There are initial installation costs which depend on the system you choose, but if you can afford what you’re currently paying for power, you can afford solar.
As power prices continue to rise with everyday expenses, you really can’t afford not to. If you compare the cost per kwhrs (which is the actual power produced by a unit); 1kwhr generated from solar costs between 6-10 cents. The same kwhr delivered through a standard electricity retailer is closer to 30 cents! This usually means that the money you’re saving on your monthly power bill exceeds that of your monthly solar repayments. At Green Energy, we can calculate your individual solar savings based on your last bill.
There are also a variety of Government rebates and financial incentives that will help to reduce the cost of installation. Talk to our team about finding an incentive you could be eligible for.
MYTH #3. It’ll take too long to make back my investment
Some homeowner’s think they’ll have to wait over 20 years to see their solar power benefits and are concerned that it will take too long to pay of the cost of solar installation – but let’s consider the facts:
Depending on your location and the size of your solar system, you could start seeing a return on your investment almost immediately. Most of our customers make back their installation costs in as little as three to five years. Our friendly team of experts can talk you through your potential ROI and find a solar plan that’s right for you.
Solar panels can also increase the value of your property. New research from realestate.com.au and Origin Energy found that 85% of Australians identify solar rooftop panels as something which adds to a property’s value. Three quarters of renters also said they would pay additional rent to live in a property with solar energy.
MYTH #4: I’ll never be able to understand it all
If you’re feeling overwhelmed by all the solar tech information out there, you’re not alone. It’s hard to know where to begin and it’s likely to be one of those life-admin tasks that has slipped into the too-hard-basket.
Solar panels are complicated pieces of technology – but a way to combat that is to find an installer you can trust. At Green Energy, we take the time to explain all our solar plans to make sure you understand what you’re getting and what your ROI will be. This could all be done and dusted in one consultation.
We believe in developing strong, transparent relationships with all our customers, so they know they’re in safe hands. Check out our online case studies to hear from some of our satisfied solar warriors.
MYTH #5: There’s no harm in holding off
For a lot of people, the reason for holding off on installing solar could be explained by any 4 of the above solar myths, but we’re here to put things into perspective.
In short, there’s never been a better time to invest in solar. Government incentives are decreasing, energy prices are going up, solar panel prices are coming down and the technology is as good as it’s ever been. Don’t waste money by waiting. Invest in your own electricity solution, stop paying for grid power and stay ahead of the power price rises and government incentive phase out.