Skyrocketing wholesale prices have resulted in yet another increase in power prices for households and businesses in NSW, with retailers warning of power price hikes of as much as 20% from next month.
EnergyAustralia chief customer officer Kim Clarke described the hike as:
“bad news for families and business… absolutely not what they wanted to hear. In the past 12 months alone wholesale prices for both electricity and gas have surged, almost doubling in some states.”
Household power prices have more than doubled in the last 10 years (1), so to have yet another increase this year is going to be a blow for many families that don’t have solar power.
Installing a 5kW solar power system can save you up to around $500 every quarterly bill, with the system generating on average around 20 kWh a day. On a sunny summer day, a 5kW solar system installed by Solaray will often produce more than 30 kWh, allowing our customers to run their entire home on solar power, including the air conditioner. We also have customers who have added solar storage to their system, allowing them to run on solar power 24 hours a day. On sunny days they often don’t use any power from the grid at all!
Don’t put up with rising power bills! Find out what solar system will be the right fit for your household by requesting a callback from the Solaray Team today:
Install Solar Power Today and Beat the Price Hikes
Installing solar power is the best way to protect your household from rising power prices.
In NSW, solar power is fed into the home as it is generated and is used first before you draw power from the grid. This means that when solar power is being used in the home you are directly reducing your power bill because you are not buying this power from the grid. As power prices continue to rise, the benefit of solar power increases. It is now possible to see a return on your money in 3-5 years, with a 5kW solar system saving you up to around $50,000 on your power bills over the life of the system.
Reduce Your Power Bills With a 5kW Solar System
|Number of Panels||From 15 x 330W Panels to 18 x 270W Panels|
|Output||19.5 kW/h a day average|
|Potential Savings||$350 – $500 a bill depending on your cost of power|
|Average Payback Period||3 to 5 years|
|Cost||From approx. $5000 to $8000 depending on brands|
|Suited to||Medium to large homes using on average around 20 kWh a day during the daytime (or over 24 hours with battery storage)|
(1) Power prices have doubled in the last 10 years: http://www.theaustralian.com.au/national-affairs/power-price-spike-puts-heat-on-alp/news-story/fc99ef058d958dc3f6d1769620bc9d13