There are a variety of reasons why property owners choose to go solar but it’s fair to say that cutting utility costs and improving the environment is by far the most common. Whether your intentions for going solar are environmental, economic, or indeed a culmination of reasons, the fact is that moving to solar power can benefit so many people in different ways. With this in mind, let’s take a closer look at the advantages of solar panels.
Drastic reduction in utility bills
Irrespective of what goes on in the world, there will always be utility bills. However, with the right solar panel system installed you should be able to make sufficient savings and in many cases, make money on your electricity output.
A good ROI
Okay so solar panels might initially be quite an outlay, but governments are offering incentives for people to use them. It’s thought that the average homeowner pays their solar panels off within 8 years, but most will see a return on their investment by 20% or more, thanks to substantial utility savings (see above).
Rising energy costs – No problem for solar panel owners
In the past ten years, utilities have increased annually by around 3%. By changing to a solar system today, you can benefit from a fixed rate and protect against future unpredicted rises.
Property value increase
You may be surprised to learn that properties with solar panels continually fetch more money than those without. What’s more, studies have shown that they sell quicker too. Appraisers now seem to be taking solar panels into consideration when valuing homes as they consider them to be more of an asset as the demand for alternative fuel grows.
Creates jobs and boosts the economy
Did you know that in Australia, the solar industry was one of the fastest-growing sectors in 2016? In fact, it gained employees at a rate of 12 times faster than the overall economy, representing an increasing percentage of jobs in the country. Because the solar power industry can’t be outsourced, related jobs tend to be higher paying. As such the industry is a significant contributor to the Australian economy as a whole.
So there you have it. 5 advantages of solar panels and the great reasons to go solar in your home! If you’re interested in saving money, the environment, or both, then come and talk to the solar technicians at Static Electrics. Not only do we maintain and fix solar panels, but we also help to design and install panels too. Call our electrical team for a free no-obligation quote on 1300 206 004 today.