With the recent boom in solar installations across the country, Australia recently passed a significant milestone with an incredible 1 in 4 homes now powered by solar panels.
In Parliament this week, the Minister for Energy and Emissions Reduction Angus Taylor announced that we now have the highest amount of solar capacity in the world per capita.
Thanks to the Federal Government’s STC program and record low prices on solar panels, Australians have raced to install solar panels with so many of us now working from home.
With electric vehicles and battery storage now commonplace, the way households are generating, storing and using electricity has completely changed. It has also allowed Aussie households to reclaim their energy independence as a large solar system with integrated battery storage basically eliminates the traditional power bill.
Australia is fortunate to have such abundant sunlight, and we have really taken advantage of this opportunity to quickly transition to renewable energy. There is now 644 watts of solar capacity per person in Australia, which is world-leading.
With a once-off investment, households can go close to eliminating their power bills year after year for decades, with LG Solar panels now coming with a 25-year product warranty.
Taylor also mentioned that Australia’s uptake of renewable energy generation has resulted in a 9% reduction in the retail price for electricity.
The benefit of solar power to the price of electricity is often something people overlook. On hot summer days, solar power helps take the pressure off the grid when generation struggles to keep up with demand. On days when electricity generation has typically struggled, solar power has helped run air conditioners and pool pumps, directly reducing the wholesale electricity price, which benefits everyone, whether they have solar power or not.
An average-sized 6.6kW solar system can output well over 30kWh on a sunny day in summer, which is typically enough to power the home including air conditioning and pool pumps. If you are conservative with your energy usage during the day, excess solar power can then be stored in a battery to power your home all evening.
Over the course of 12 months, a 6.6kW system can save you around $2500 on your power bills and around 6,000kg of CO2 emissions, the equivalent of planting over 100 trees every year.
Residential solar power is leading Australia’s Renewable Energy revolution. If you don’t have solar panels on your roof, give the Solaray Team a call to see just how much money you could save with a good-quality solar power system:
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