Why you should join millions of other Australians by adding a solar panel system to your home

According to the Sydney Morning Herald, more than 2 million Australian homes now feature Solar Panel Systems. With an undeniably rich opportunity to harvest the power of the sun, each panel has the potential to make your energy bills plummet. If you love the idea of running an eco-friendly home, they'll make it easier for you to do so. If you're yet to explore the benefits of solar energy, here's why we think you should make the switch:

Panel prices are at their lowest and electricity rates are rising

It's unlikely that the cost of electricity will stop rising. At present, prices are reaching their highest rates. One Grattan Institute report states that consumers can expect to pay $56 per Megawatt hour and that the high prices aren't going to slow down any time soon. Overall, electricity costs have seen their steepest rise over the last two decades versus any other period in history.

In contrast, solar panel systems are reaching their lowest market prices. This gives consumers the opportunity to offset the rising costs of electricity by investing in a piece of technology that's becoming increasingly more cost-effective. As research into new forms of solar panel systems continues and more manufacturers begin producing them, there's a chance that the costs will stay low.

The use of solar panel systems reduces electricity costs significantly

Once your solar panel system is in place, you'll see a significant reduction in your energy bills. Depending on where you live and how much energy you consume, you could see your quarterly bills drop from $600 to $50. This is based on one case study involving Australian residents.

Naturally, you may be wondering when the upfront cost that comes with your new solar panels will start to pay off. The same case study that predicted such significant energy cost reductions also states that your new solar panel system will begin to pay for itself within five years. If you plan to remain in your property for many years to come, this could mean 20+ years of tremendous energy savings.

Your state may offer a solar energy rebate or grant

Many Australian states now provide solar energy rebates and grants. As a result, you can reduce the upfront cost of installing a solar panel system and enjoy the financial benefits faster than if you paid for one on your own.

In those states where solar energy grants aren't available, it's sometimes possible to apply for an interest-free loan to cover the cost of a new system. For example in Queensland, residents can apply for a loan covering up to $10,000 of their new system costs. In addition to helping you access a new system quickly, you'll spend less money on interest.

A new solar panel system will have a positive impact on the planet

Finally, it's no big secret that an increase in energy use presents environmental harms to the planet. If this is something you would like to avoid, you can use solar energy to have a positive impact. And, it isn't just residents who can make a step in the right direction. Commercial & Residential Solar Systems are available too. In addition to making your business greener, they give you the chance to advertise yourself as an environmentally-friendly organisation, which then means you can appeal to a niche market of consumers.

At Arise Solar, we have solar panel systems designed to suit residential properties and businesses of all sizes. If you want to explore the benefits of installing one further, request a quote or contact us by calling 1300 274 737.