Sun Max Solar | How Solar Energy Saves You Money?

If you want to know everything about the financial aspects of a solar energy system on your residential rooftop, then keep on reading. Because this article will cover all bits and pieces of modern solar panel installations, and the math that goes behind it! Happy reading.

Average Cost of Solar Energy System

The average cost of a solar energy system varies from place to place and can change every now and then. It is highly advised to contact a service provider for a proper quote as per the latest prizing. You can call us at 1800 786 629 or email us at info@sunmaxsolar.com.au to get an obligation free quote today!

 

Financial Benefits

When it comes to the financial benefits of solar energy, there are two aspects to look at – its effect on your energy consumption and the Feed-in Tariff for excess energy.

• Effect on Your Energy Consumption: The conventional energy that you purchase from your electricity supplier costs between 20-40c per kWh. Solar installation can help you cope with these energy costs by reducing the amount you need for operating your daily home appliances or other electrical equipment. Modern solar energy systems come with built-in advanced technologies that tell the devices to use solar energy first before they drain it from the grid. This reduces your monthly energy bill to a great extent.

• Feed-in Tariff: It is worth noting that the solar energy system doesn’t work on any specific presets. In other words, it doesn’t produce energy as per any pre-defined setting, it produces energy as long as the sunlight falls on its surface. This can sometimes result in excess electricity production. This excess electricity can be sold back to the grid for a specific rate known as Feed-in Tariff. Though Feed-in Tariff rates vary from state to state, you will get somewhere around 6-16c for each kWh sold back to the grid. In simple terms, not only are you saving money by producing your own electricity, but you are also earning money by selling excess electricity to the grid!

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