When is the best time to buy a solar power system?
Every month you delay installing a solar power system, you are missing out in hundreds of dollars in potential savings on your power bill.
There are also generous government rebates that reduce each year, and battery storage along with Intelligent Control from Evergen is now available.
Perhaps the main point to understand is that no matter how efficient panels become in the future, a 10kW solar system is always going to output the same amount of power even if panel efficiency improves.
A common mistake many people make is to equate a panel’s efficiency with its output. A solar system with high-efficiency 390W panels produces exactly the same power as a system with low-efficiency panels, it just does so using 1 or 2 less panels.
Unless you are hindered by a small roof and you are looking to install a commercial size solar system (over 30kWs or so), efficiency is largely irrelevant.
You would be much better off buying a 10kW system with today’s 390W panels compared to waiting 5 years to buy a 10kW system with 420W panels for the same price, because by waiting you will be missing out on literally thousands of dollars a year in savings on your power bills.
Even if you have a set roof area and you are wanting to maximise output from a set number of panels, it doesn’t make sense to wait.
The other reason many people have held off on solar is to wait for prices to drop. We have now seen this happen and the solar market in Australia has now matured over the last few years. Australia has some of the cheapest solar prices in the world and the industry is actually expecting price rises in the future because of the increased price in raw materials as well as shipping.
A 3kW system in the USA is typically higher than $10,000, whereas here in Sydney $10,000 can actually get you a good quality 10kW system! Solar panel prices have been dropping for many years, however, we are approaching a limit to this price drop due to the fixed costs of installing a system such as the installation, cabling and mounting kit.
For more information, request a call with the Solaray Team below. We’d be happy to answer any questions you have and provide you with a quote for installation.
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