Approximately 40% of an Aussie household’s energy use accounts for heating and cooling, while around 25% is contributed by conventional water heaters. Given those statistics, more and more Australians are looking for better and more affordable alternatives, starting their journey with searches like solar panel prices in Sydney.
It can be said that the idea of foregoing the use of limited resources has such an impact that 82% of Australians believe renewable energy can be the key to a greener future, while 67% are already planning on making the switch to solar systems.
With those numbers in mind, wouldn’t you opt for choices that will allow you to cut energy costs, too?
Why switch to solar energy now?
According to a recent study by Energy Synapse, utilizing solar energy saves users in NSW billions of dollars. In fact, households with an average-sized solar system could be saving over $200 a month, or a significant $2,500 a year on their power bills.
This trumps the biggest myth in energy politics that solar power only causes energy expenses to rise. In reality, using solar systems actually helps households across the state save billions by alleviating pressure on power prices.
Average Costs of Good Quality Solar Systems
There has been a huge reduction in solar panel prices in Sydney and the rest of Australia over the last decade. This is one of the main reasons why the country currently has the highest rate of household solar panel installations in the world, which is around 30%.
If you’re thinking about switching to renewable energy, keep in mind that there are other factors to take into consideration other than solar panels alone. There is also the matter of the mounting system, the inverter, and the cost of installation.
However, to give you a rough idea of how much you’ll need to acquire a good quality solar system, take Solaray’s 8kW solar power system for example. Our 8kW solar power system starts at around $7,000-$8,000 to be fully installed. This is already inclusive of a top-quality European inverter, premium solar panels and a standard installation.
A gentle reminder that while it’s possible to find cheaper 8kW solar systems on the market, you should expect to receive low or mid-range panels manufactured in China, which can also often come without any after-sales support. In a nutshell, the cost of installing top-notch solar systems with high ROI still depends on your power requirements, lifestyle, energy usage habits, and even your home layout.
How Much Can I Save?
Energy cost savings with dependable solar power are subjective according to the size of the systems you use. For example, our 8kW solar power system can save you around $3,400 a year on your power bills. Meanwhile, a 10kW solar system can save you over $4,000 a year depending on how much solar power you are able to use.
If there are continuous longer days and great Sydney weather, you can even expect your power bills to be completely eliminated in the long run. The same goes if you choose to install a larger solar system – considering it’s in accordance with your home layout.
Again, the savings you can get rely upon the details. While there are standards you can use as a basis, remember that there are different factors that are unique to each household. If you want to get the most of a solar system, make sure it is tailored to your household’s specific electricity demands and circumstances.
Other Benefits of Investing in Solar
As of March this year, Australia has seen around 2.77 million small-scale solar power installations. This is proof that more and more homeowners are looking past the overhead solar panel prices in Sydney and realising the many benefits that come with using renewable energy. Apart from financial advantages, here are a few more reasons why you should start considering solar systems, too:
- Reduce CO2 emissions
- Eliminate greenhouse gases and other toxic substances
- Support local business and keep the economy moving
Talk to Us
Once you’re ready to take advantage of solar energy, why not partner with Australia’s number one solar power installer? Look no further than Solaray Energy.
In addition to our famous hassle-free installation service, rest assured that your solar system will also come with configuration, remote monitoring and tech support from our dedicated online support team. Request a solar power quote today.