A Brief Guide On Solar Panel Savings For 2018!

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“Do solar panels save money?”

A common question scattered all over the internet. I have scoured for two years asking everyone I have known if they are happy with their decision of going solar. Living in Adelaide since 2012 with my family, I have finally decided to set solar panels on my rooftop as well.

I analyzed my research going through every survey stored on my website, including the ones I have personally conducted before investing in a solar PV system myself. In fact, even you could do it right now by leaving your 3 free quotesHonestly, I did not rely entirely on customer reviews online; which is why I have personally surveyed my colleagues at work including five neighbors in my area after they have bought solar panels too.

Let’s get back to where we have started.

Do solar panels really save money?

Ans: “Yes, solar panels do save money.

The next most obvious question could be…

“How much can it save?”

To calculate the savings rate generated from solar panel installation, you must look for

How much is your electricity consumption rate?

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This is the moment when you relied entirely on the National Grid for electricity. Consider the average electricity cost of one year by summing them up for twelve months. Remember, I am talking about the year before you have had installed panels on your property.

The average consumption of my family was 11,000kWh per year before getting solar; multiply with the average electricity rate ($0.1123) for 2016.

 

  • Hence, an average family like mine spends almost $1200 every year on electricity.

The costs mentioned above is going to vary depending on your consumption pattern. The more appliances you will connect to your PV system, the larger your consumption rate will get.

More sunlight equals more electricity!

  • The second important aspect is finding out the intensity of sunlight in your area.

A state like Adelaide undergoes highly intense sunlight during the day and also for longer time period; as a result, my panels can store more energy resulting in more significant savings at the end of every month. Your house’s orientation with respect to the sun, shaded portion, as well as your roof type will determine the productive output of your panels.

Just fill in your solar quotes here and forget about the rest. Our best solar installers will sort everything for you.

 Is your roof flat or slanted?

Another significant confusion I had gone through while I was still making up my mind on going solar or not. I think finding out about your rooftop before investing in solar is similar to finding the perfect size of shoes to help you walk comfortably. 

So climb up on your roof and find out by pouring a glass of water on the ground and observing the trail. The trail will further reveal whether the roof is slanted or not.

In my case, the roof is flat yet I have placed the panels tilted at 10-degrees that are supplying power at 9% greater efficiency rate. Keep note that despite having a flat 

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roof and your installer hasn’t recommended a
10-degree tilt at least is the time when you should inquire about his credibility again.

Keep track of the solar hardware you’re buying.

You can ignore the “power output warranty” every time from now on after reading thisKeep in mind that solar panels made of silicon do not wear off quickly even after 20 years; hence, a message stating “25+ year for power output!” is merely a general statement but not a unique feature.

But the only warranty period you must look into closely is –
Manufacturer’s Warranty Period

The best quality lasts for 25 years while the cheaper ones continue for five years. So, try signing up for at least 10 years instead.

Secondly, not all Chinese brands are crap.

This one is another stereotype people have been falling for far too long now. China is heavily investing in solar, and there are many excellent brands as well as some garbage.

The quality will vary on your investment.

Let’s consider your Macbook or iPhone you’re probably holding right now-

How much have you paid for an iPhone or a Macbook and I am sure you have read “Manufactured in China” on the back of the device. Surprisingly, you will find many tier-1 quality Chinese solar panel brands in the market these days.

Inquire about the solar brand you’re going to get.

If your installer hesitates to share the brand name for your solar panel even for a second, steer off that installer right away! A tier-1 panel system with sustainable hardware components in Australia will approximately cost:

  1. 3kW = $3,700 to $6,000
  2. 5kW = $5,000 to $7,000
  3. 10kW = $10,000 to $12,000

The table above shows the sum of money a decent 3kW solar panel system can save on electricity bills per year in Australia.

Micro-inverter:

The inverter is primarily responsible for turning the DC into AC that is used everywhere today.

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  • Add 22% to your installation charge for an inverter that will be mainly responsible for altering the supply of electricity.
  • A well-renowned inverter brand is called EnPhase S230 that you can carefully monitor using a customized software.
  • Lastly, you must remember that there are plenty of solar options available online and at much lower fees.

But more moderate costs do not necessarily involve getting proper solar panels for optimum support.

How do I get the most efficient solar panels?

The efficiency rate is a crucial aspect of reliable solars; however, the efficiency factor will result in a higher initial investment. If your intention is to enjoying maximum energy production at minimal costs, then check for–

$ per kWh per year

In simpler words, if quoted a 3kW solar at $5,000 invested initially, which generates an average of 1260 kWh every year, you’d be incurring

 ($5000 / 1260 = $3.96 per kWh —)

If you’re already given a quote, feel free to mail me a copy, and I promise in getting back to you as quickly as possible. Your inverter must be large enough to connect additional panels if you decide to make it bigger after some time. Unless you’ve no intention of expanding your whole system, spending additional money for a more substantial inverter is unnecessary.

Hoping for incentives?

Governments of different nations have had offered appealing incentives for encouraging more citizens to adopt solar in the past. Unfortunately, the incentives are slowly dwindling with time currently standing at 30% till 2019, further reducing to 26%, 22% and finally 0% by 2021!

Therefore, as long as there’s rebate applicable, and you also have the intention to adopt solar too, I suggest you do it now as long as there’s time for the rebateFew vital details you need to know about existing rebates awarded to solar adopters.

You will be handed a Small Technology Certificates (STC) immediately after installing a system. The rate at which solar panels are being installed today, the STC rate is also dwindling at the same time due to the increasing demand for solar in Australia.

Most importantly, companies are still offering 30% rebate, so get your solar panels installed on your roof right now and start saving money by installing solar panels.

Ending statement


Investing in solar panels is always going to be a viable investment decision if you’ve adequate monetary resources available. The smartest move will be to make the best use of the available options in store as long as there’s time.

Even if you’re paying $300 now, the cost will eventually rise to $500 in a year or two. So invest now in solar while the price is still low combined with tons of additional benefits that have already started to decline and will be going down further with time.