Residential Solar Systems in Brisbane: The constant rise in electricity prices from the use of traditional sources of energy alone can easily justify having a residential solar system in Brisbane for many homeowners. Apart from Brisbane, the residential solar system is also spread far in many other cities of Australia like Queensland, Gold Coast, Rockhampton and many more. The residential solar system in Brisbane is experiencing tremendous volatile growth and thus, many homeowners along with the business owners are approaching to switch to solar panels.
The actual cost of the Solar panels, and how much money will it be able to save you, depends upon various factors. According to the Center for Sustainable Energy, it has been estimated that the total cost would be around $15,000 to $25,000 on an average which will include the installation of a residential solar system in Brisbane.
Some of the factors on which the electricity cost saving depends are the location of the property, incentives associated with the property and many more. Location is the primary factor that will determine how much of the electricity bill you would be saving by the installation of a residential solar system in Brisbane. According to the data received from the Energy Information Administration, it has been calculated that about 13 percent kWh is the national average. The practice of installing the residential solar system in Brisbane, Queensland, Gold Coast, Rockhampton is at its peak due to its favourable climatic condition and the perks announced by the government.
Here is the list of factors that will determine how much cost you will actually save by solar panel installation in Brisbane and how worthy it will prove to you:
- Evaluate residential solar panel cost:
Most of the installed residential solar systems in Brisbane require least maintenance and monitoring. If the solar panels are of a good company then they would last for about 20 years with just a little or no supervision. With the help of the Solar estimate calculator, you can determine the actual size of the residential solar system best suited for you. So while calculating the actual cost, you can consider how much energy is being consumed regularly on average and what is the size of your residential solar system.
The price of solar panels has significantly dropped from 2008 to 2018, but it is observed that from the beginning of 2019 till the summer of 2020, the drop in price is only about 3 percent and in the late 2020s the price has dropped by almost 4 percent. Solar power cost has been carried out.
This shows that the installation cost of solar panels is lower than it has ever been in the past, which is exciting news for homeowners who would like to switch to solar panels. It is believed that the cost of solar panels will fall flat in the year 2021. Whenever you are willing to switch to the solar system then you can contact Sunfeeds Solar for residential solar systems in Brisbane, Gold Coast, Queensland, Rockhampton and other major cities of Australia.
A residential solar system in Brisbane would cost you on an average about $3 to $5 per watt for an average residential 5kW size system which makes up a total of around $15,000 to $25,000. This is the cost before applying any tax credits and added incentives. Also if you are aware of your current energy usage then you can easily calculate how much it would cost you to install the new solar panels at your place.
Solar panels also come up with other benefits like it has no moving parts, there is no problem of erosion. The investor is the main part of the solar system which is used to convert the solar energy into electrical energy, and it’s the only part that is in a continuous working state.
So this part needs to get charged after every 5 to 10 years of working which is a huge time span. Besides investors, the cables have to be maintained properly, then only the solar power system will run with maximum efficiency. Apart from these two parts, nothing needs to be monitored as such nor maintained regularly.
- Inspect your electricity bills:
Solar panels have the capability of generating their own power thereby reducing the dependency on the grid for power. This will greatly reduce your monthly bill, even if not eliminated and also will help you to become self dependent on power rather than dependent on grid power stations. The higher your bill will be, the more likely you will want to switch to the solar system.
The total saving of the electricity bills totally depends upon the amount of power being used by you. Also, when you are planning to purchase a solar panel then you need to worry about the monthly payments along with the worry about electricity bills.
Installing a solar system is a one-time investment. Also, some companies offer a zero down payment approach which is like a solar lease that might tempt you to switch to solar panels.
So if the consumption of energy will change then it will definitely vary the amount of saving as well. This benefit of the solar system has changed the minds of various citizens of Australia. Apart from a residential solar system in Brisbane, commercial solar panels are also very beneficial. For example, if your business is installed with a commercial solar system then it can cover a large portion of your energy bill because of the large size of the system.
- Gazing on trade policy:
Any alteration made in the government trade policy will lead to a great impact on the pricing. The cost of the panels manufactured in the foreign may decrease in future and will ultimately decrease the traffic’s effect over the time period. The traffic and the federal tax credit are dependent on each other, when the traffic decreases, federal tax credits also decrease.
This has made the purchase and install of residential solar systems in Brisbane even more affordable. These concepts and tactics might sound surprising to you but the installation of a residential solar system in Brisbane has been influencing people for quite some time. People are much aware of the policies, benefits and credits which they will be receiving after purchasing and installation of solar power systems.
Apart from its benefits of reduction in the price of electricity bill, low sentience and minimal monitoring, warranty of 20 years and many more, the key factor for installing the solar panels is for its zero carbon footprints. Unlike traditional sources of power generation, it does not produce any harmful gases, thus, it has no contribution to global warming.
Whereas on the other hand, gradation power generation causes water and air pollution which results in global warming. So you can say that installing solar panels will be one step toward saving the planet as well as saving our future.
- Focusing on incentives:
The homeowners are getting special incentives and tax credits from the government, for installing a residential solar system in Brisbane at their property as an alternative to energy sources. But these incentives and tax rebates vary from area to area.
Every area is associated with their own incentives so before installing a residential solar system in Queensland you must check for the incentives associated with your area. The federal taxes which you would be receiving would be non-refundable, which means that you will not be getting any savings as a refund instead you can reduce or eliminate the price you owe on your taxes.
Again depending upon your state, you might receive extra incentives as well like cashback, fee waiver or your tax can be released. It has been also seen in some states that the people are selling the extra power generated through solar panels to the local grid and earning some extra dollars. This way, besides saving on the monthly electricity bill, you will be earning extra dollars through your solar panels.
- Inspecting the exposure to sunlight:
It is a well known fact that solar panels use the energy from the sun to generate electricity. So the more exposure to the sunlight, the more energy would be produced by the solar panel.
Certain areas of Australia like Brisbane, Queensland, Gold Coast, Rockhampton are covered with the sun for a maximum number of months in a year. As the average exposure to the sun here is vast so the production of energy is at a great rate. Thus, the installation of residential solar systems in Rockhampton, Brisbane, Queensland and Gold Coast is highly active.
The orientation of your home should be towards the sun, so as to get the maximum amount of sunlight. Various elements including the shade of the tree, neighbouring buildings affect the output generated by the solar system. In order to generate the maximum amount of energy, the exposure to sunlight has to be maximum. The efficiency of the solar panels can be estimated by using the Solar Estimate calculator.
It has been estimated that the average Australian home will require about 21 to 34 solar panels in order to cover the monthly electricity bill. This means a total of about 369 square feet of rooftop space is required for the solar panels. This estimation is based on the calculation made by the Energy Information Administration’s overall monthly electricity consumption which is about 877 kWh and it is assumed that the system is constructed of 280 watt solar panels.
- Selecting the type of residential solar system to purchase:
Out of the various factors, the cost of the residential solar system in Brisbane will also depend upon the type of solar system you plan to choose for your property. Whereas the choice of the solar system will depend upon the type of property for which you want to purchase the solar system whether it’s a residential property or any commercial property.
The solar systems are categorized according to the property and purpose. Like for the residential solar system in Brisbane, there are two types of solar panels that you can select which are monocrystalline and polycrystalline. This categorization has been made depending upon the efficiency of the solar panels which thereby results in a difference in pricing.
Monocrystalline solar panels exhibit more efficiency than polycrystalline solar panels. Thus, polycrystalline solar panels come at a lower price due to a lower efficiency rating compared to monocrystalline solar panels.
If you are residing in such an area where the energy rates are high and there is a suitable solar rating and also you can afford the initial investment into the solar system then it’s totally worth it to install a solar system at your property.
According to the studies made it has been proven that the houses with the solar panels installed are sold at a 20 percent faster rate and with 17 percent more money return. This study will help you to make up your mind and switch to solar panels.
When you talk about solar panels, one thing that restricts you from purchasing them was the price factor, now this factor has also been resolved. All thanks to the government who have made the purchase of solar panels much more affordable by giving tax credits and rebates for those who are installing solar panels at their properties. Also, you will see a huge drop in your monthly electricity bill when switching to the solar system.
Along with the savings, you would get the chance to earn some dollars as well by selling surplus energy produced from the solar system to the grid stations. And on top of it will add to promote clean and green earth and save your future. As switching to solar systems will make you dependent on renewable sources of energy and distract your dependency to non renewable sources of energy. Also if you decide to install the residential solar system at your place you can contact Sunfeeds Solar for installation in Brisbane, Queensland, Gold Coast, Rockhampton and other cities of Australia.