Solar PV Panel Costs Are Going Down

The cost of a solar PV panel has changed over the past decade, thanks to the different government incentive schemes and increased diversity in panels, inverters, and suppliers in the market. Australia happens to be one of the leading countries in the world that encourages its citizens to go solar. When you install panels that draw energy from the sun, you can cut down on your monthly power consumption by as much as 50 per cent. Aside from this, you lighten your carbon footprint by reducing your dependence on fossil fuels like coal, oil, and natural gas. To learn more about getting this energy saving device, fill in the form to the right.

It pays to be an informed customer

It’s always important to be informed about your purchasing decision. Similar to buying a car or computer, you will want to make sure that your system is a sound investment that best meets your needs at a reasonable price. This is why you should be clear on what you want from your solar panel system. Do you want a system that will partially offset your energy consumption for at least 5 to 10 years before requiring an upgrade?  Or is it a system that will completely offset your household’s electricity use for the next 25 years?

Electricity rates will change

Once you have your solar PV panels and system in place, electricity rates will change from an off-peak tariff to a time-of-use (TOU) tariff.  This will affect your dedicated off-peak loads, such as hot water, space heating, and air conditioning.  Therefore, you should check with your power retailer whether the benefits of the time-of-use tariff outweigh the benefits of staying on your off-peak tariff.  Before installing your panels, this is something that should be taken into careful consideration.

With prices of solar PV panels going down, now is the time to make that switch to solar. Just like buying a second hand car as opposed to a brand new one, these two different solar PV systems are both sound investments depending on your needs.  However, price will play a big difference. If you want to learn more about the different panels and systems available, fill in the form above.