The last few decades have seen a growing increase in the use of solar panels throughout Australia. Many of these new solar power users are private homeowners who have seen the benefits of moving to renewable energy. From saving money on household bills to doing your bit in the fight against climate change, solar power is having a positive influence on people across the country.
This increase is the result of several combining factors that have made Australian solar energy more appealing, more affordable and more accessible than ever, cementing the country as a leader in solar power. In fact, the solar boom in Australia is expected to double capacity in the next year with the development of solar farms in New South Wales, Queensland and South Australia. It’s an exciting time for homeowners, with more opportunity than ever to make the switch to solar.
Continue reading to learn about the effects of the solar energy sector development on homeowners and the impact that solar panels will have.
Economic Benefits Of Solar Energy At Home
People are often confused as to how much solar energy can cost, both in terms of initial price and in maintenance. In recent years, prices of solar panels and other equipment have fallen considerably, allowing many homeowners to buy and install their own solar power systems at home.
Not only have overall prices dropped, but a variety of government schemes have been introduced throughout the country to promote the purchase of solar panels and a population-wide investment in solar power. These advantages help homeowners obtain tax rebates and give them permanent access to what is known as a ‘feed-in tariff’. This income is generated by taking the leftover energy produced through solar panels and sending it back to the national electricity grid to be recycled and used by others. The electricity companies then offer solar power users a form of reimbursement regarding this extra energy.
In addition to the savings being made on solar panel installation costs, homeowners are benefiting financially in the long-term as well by beating the rising electricity and gas prices. Being mostly independent, if not completely, concerning energy bills will guarantee homeowners a form of economic autonomy for the future.
Another aspect of the increased use of solar energy in Australia affecting homeowners is the rise in overall property value when it comes to putting a solar-powered home on the market. Although people often think that any home improvement or addition to a property will increase the total value, there are other factors to be considered. For example, updating a kitchen can generally raise the property value because it will save costs on repairs later or necessary improvements for a new buyer, whereas, a swimming pool, although a luxury addition to a home, requires further spending and maintenance. Essentially, a swimming pool doesn’t save money and therefore does not raise the property value nearly as much as solar panels do.
Comforts For Homeowners With Solar Power
Other advantages for homeowners who employ solar power are perhaps less obvious at first because they are not related to the financial welfare of the home.
Australian solar power not only permits individuals to support the fight against climate change by using renewable energies, but also offers other positive impacts, such as the speed at which a solar-powered home will sell once it is put on the market. Homeowners who invest in solar panel installations can be assured that their houses are much more likely to spend less time in property listing limbo because of the benefits that solar power brings to a household.
Additionally, when there are problems with electricity in the local area that can cause grid blackouts, solar power remains constant and will continue to supply electricity to the home, ensuring a more autonomous living environment for homeowners.
Solar Power For Homeowners – Is It Worth It?
Generally speaking, there are disadvantages for some people when it comes to solar power, mostly the electricity companies who will lose customers and profits as the use of solar panels continues to rise. But from the point of view of individuals, the rise of Australian solar energy use is benefiting homeowners in a range of exciting ways and it looks like a brighter future than ever for Australians.