Solar energy has been around for many years, however over the last few years we have seen the industry really explode as technology has become more efficient and technology becoming far more affordable. What these two outcomes result in simply is a must quicker return on investment for home owners who opt to install solar panels in their home. Moreover what makes Australia truly unique when it comes to solar is the great weather much of the country gets especially in Perth, WA.
Outlined below are a handful of reasons we are seeing more Australians opt to install solar panels in 2017 and why the trend is set to grow in the coming years.
People love to ‘go green’ however what is evident in today’s society is that people will only invest the money into a greener lifestyle if it makes financial sense. As we just noted, the combination of improved technology and lower cost of technology couple with Australian sunshine results in the ideal opportunity. We are seeing some home owners get a return on investment from their solar energy system withing 2 years, meaning after that they are making sizable savings for decades to come. The trend is growing so much so that many home builders are including solar energy systems in their designs as added value.
Owning your own home is a great asset but what is even better is adding value to your property, so if and when you do decide to sell, you get an added edge over other homes and essentially a higher sell price. People love solar energy systems because they know it will reduce their bills for years to come. When they are deciding to purchase a home, knowing that they will be getting a solar energy system will allow them to pay higher as they will look at it from an investment point of view and know they will essentially get that money back in lower energy bills.
The technology is not quite there yet but we are seeing the first steps of home battery stations coming into play where excess energy can actually be stored from the solar panels. People are excited by this prospect and again it is encouraging people to invest into a solar energy system for their home with the view of adding in a battery storage system down the road.