2020 is a critical year to make a difference with solar if you have considered either reducing your bills or helping to limit carbon emissions.
The 2020 bushfires are alarmingly said to have caused 350 million tonnes of carbon emissions, most of Australia’s average yearly carbon dioxide emissions, all in one month.
We’ve failed to reduce our emissions sufficiently to stop dangerous changes in the environment.
Now we are starting to see the consequence of our inaction.
This is a year to take a good hard look at the long term and think about what impact we really want to make on Australia’s environment.
It’s time to stop burning coal.
Electricity accounts for the largest portion of our emissions — about 34 per cent (Department of Environment and Energy).
While the boom in solar is gradually reducing our emissions in that area, many people without a solar system are still forced to rely on coal and gas for their power.
Getting solar panels enables homeowners to reduce their carbon footprint significantly and also contribute energy to the grid that others can use.
Without any clear plan from the Federal Government to fix emissions, it is time to take matters into our own hands and lead by example. Millions of Australian households have already installed a solar power system, perhaps this is the year you decide to do something about our carbon footprint and the ever-rising electricity cost.
Is solar viable in 2020?
Luckily, the decision to stop relying on burning more fossil fuels also has a better ROI than ever before, especially with rising power prices.
A good quality solar system now pays for itself in as little as 3-6 years, with the potential benefit of an average system being around $50,000 over the 25-year life of the system.
Given the rise of power prices over the last decade, it’s only going to be more expensive to power your home over time, further increasing the value of your investment in clean energy.
This means that installing a solar system in 2020 can save thousands off your bills every year. It can also free you from stressing about power prices when you want to turn on the air conditioner or when the kids keep forgetting to turn off the lights.
Angela, a Solaray Energy customer and solar/storage homeowner commented last month:
“I’m 96% self-sufficient every day [as a yearly average].”
“Today, I did 2 dryer sessions and 3 washing sessions. I don’t skimp at all.”
The financial return of solar can be greater depending on your location, shading and direction of the roof and lifestyle.
Why power prices are rising
Power prices are skyrocketing again according to the Australian Energy Regulator.
“Prices over this period [June 2017 – June 2019] were at historically high levels, following considerable price increases in both market and standing offers over the previous decade.”.
These price increases are in part caused by increasing demand for coal around the globe. Australia is sending coal to China and India, who are burning through more coal than ever. China is currently burning over half of the world’s coal consumption.
With so much coal being sent by Australia to trade partners like China and India, you can only expect your energy bills to increase into 2020.
With many retailers increasing their electricity prices and the need for stronger climate action more evident than ever, we look forward to helping more households install long-lasting and high-quality solar power and storage systems.