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How Solar Panels Can Help You Save on Your Utility Bill

July 4, 2023
How solar panels can help you save on your utility bill

Homeowners want relief from soaring power bills. Gas and electricity prices are at new highs.

There is a solution: solar panels.

Installing good-quality solar panels is one highly effective way of reducing your monthly electricity bill. You will also help the environment by using renewable energy. In this blog, we outline how solar panels can help save you money while simultaneously making a positive difference to the natural environment.

What are solar panels and how do they work?

Australian homes are increasingly turning to solar panels in greater numbers to lower their electricity costs and support a sustainable future. Solar installations generate electricity by catching the sun's energy. They use photovoltaic cells to capture sunlight, which is subsequently turned into direct current (DC) power. The DC electricity is then converted into alternative current (AC) electricity by an inverter, which can then be used to power home appliances. More sunshine causes solar panels to generate more electricity.

Solar systems are traditionally installed on the roof of your home using an engineered mounting system. The mountings are affixed to the roof trusses with a special foot bracket. Whether you have an iron or tiled roof there is a bracket to suit most types of roofing. If you want to do the extra paperwork you can have the solar system installed on a special tilt mount system if your roof is flat. Once the mounting is installed the panels are fixed to the rail parallel to the roof.

Alternatively, solar panels can be installed on a special free-standing ground mount system and not on the structure of a building or shed.

A single silicon crystal is used to create the most prevalent kind of solar panel, known as a monocrystalline panel. They are now the most popular and are aesthetically appealing.

Solar panels can reduce your energy costs

There are several benefits in installing a quality solar system. They include a reduction in your energy bills, because generating electricity from the sun’s rays can decrease your reliance on an electricity retailer. It will ultimately cut the amount you spend on monthly bills. Depending on your location, energy consumption, and the number of solar panels installed, you could potentially reduce your energy bills by 30-90%.

Solar panels' long lifespan of up to 25 years or more is another advantage. So, even though energy prices are still rising, your initial investment in the panels will eventually pay off because your power bills will continue to lessen. Homeowners who switch to solar power save between $10,000 and $50,000. Other homeowners claim to have saved up to 70% on their electricity bills, which can add up to thousands of dollars a year.

3 ways to lower your utility bills after going solar

It's essential to keep striving for lower energy bills once you switch to solar panels. Here are three strategies to maximise your solar panel investment and minimise your power costs:

1. Use energy-efficient appliances: The more energy-efficient your home appliances, the less energy they use, resulting in a reduction in electricity demand from the grid, and lower energy bills for you.

2. Practise energy conservation: Simple things such as switching off lights when leaving a room, unplugging devices that are not in use, and using natural light, can all help reduce your overall energy consumption.

3. Install a battery storage system: Installing a battery storage system to complement your solar panels allows you to store excess energy generated during the day, then use it later when the sun isn't shining. By doing this, you can boost your energy independence, decrease your reliance on the grid, and substantially lower your energy costs.

Solar panels could raise the value of your house

You will save on your electricity costs by installing solar panels, but it could also increase the value of your house. According to a study by Zillow, properties with solar have an edge at sale time in terms of time on the market and price because they can sell up to 4.1% faster and for up to 3.6% more than those without, It means that installing solar panels is an effective way to cut your bills as well as increasing the value of your property should you decide to sell.

Conclusion

If you want to save money, reduce your carbon footprint and help protect the environment, consider solar power. Switching to solar is an investment that pays. Not only will you get a return on your investment over time through lower electricity bills, but you'll also be doing your part to reduce your environmental impact. So why not make the switch to solar power today and contact your local solar installer?

Get Your Free Quote Today.

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