Over 630,000 homeowners and small businesses across New South Wales already enjoy the benefits of solar power. However, with the number of solar dwellings only sitting at 24.6 per cent, there are still many residencies and businesses that have yet to make the switch.
The world is in the midst of a major transition to renewable energy so we can reduce emissions and reverse the impacts of climate change for a more sustainable future. Already over two million Australians have made the jump – and for those in New South Wales, now is the perfect time to switch and enjoy enormous savings.
Solar panels and technologies have never been more affordable
Solar PV systems were once considered a luxury item due to their high prices, but that has all changed.
In the early 2000s, NSW solar power prices sat at around $15 to $20 per watt, which made them a premium product. Then 2008 came along, and solar systems began to boom. By 2012, it became much more affordable again, at around $2.50 per watt.
Today you will pay less than $1 per watt, which has made this type of energy highly accessible.
They’re more efficient
Not only will you pay less for solar panels in 2021, but you will also get more bang for your buck. Modern solar panels are over 25 per cent efficient in most instances, which means that a quarter of all sunlight that hits these panels is converted into electricity for your New South Wales home or business.
This is a big leap from 2015, when solar panels were around 18 per cent efficient, and from 2000, when they were around 12 per cent efficient.
They dramatically improve the value of your home
With public sentiment shifting towards green and sustainable solutions, homes with solar panels are more favoured on the open market. The more solar panels you have, the greater return you will get for the sale of your property.
Research has shown that solar panels add about $6000 in value per kilowatt of solar energy, so a 10kW system could potentially add $60,000 of value to your home.
You can earn money by selling your excess energy back to the grid
Not only can you save money on your electricity bills, but you can even earn money by selling any additional solar back to the grid. This is paid as feed-in tariffs.
The current rate in New South Wales for 2020/21 is 6.0 to 7.3 cents per kWh depending on the service provider.
Never endure a power outage ever again
Solar battery solutions have become affordable and mainstream, which means you can save power for periods when the sun is not shining. This way you can save enough power per battery to power your home for up to seven days during an outage.
