Should You Go Solar in 2024 or Wait?
The world has constantly been shifting to more and more renewable resources for energy consumption. And as people are adjusting to this new change, companies have already started innovating - and as a result, the overall cost of technology is decreasing.
One of these trending renewable energy sources is Solar Panels!
5 years ago, there were hardly any Aussies who had a solar panel on their roof, but shockingly, now one-third of Australians have solar panels installed on their rooftop.
And with consistent innovation in the solar industry, the prices of solar panels are going down drastically. In fact, according to the Solar Energy Industries Association (SEIA), today, a residential solar energy system costs 70% less than it did in 2010.
Indeed this comes as great news for people who want to buy solar panels. But the ever-decreasing costs of solar panels do make a person wonder: whether they should buy it now or wait until the costs go down further.
This is actually a sort of conundrum as some feel the lowering prices persuade people to buy solar panels. But for others, it makes them wait for a few years, hoping they can get a better deal the following year.
While waiting may seem like a better option, at the same time, it also means that homeowners will miss out on the financial benefits of having a solar system installed at home.
Why Should You Buy Solar Panels Now?
Every year that you postpone buying a solar panel for your home, you pay high electricity bills to the grid, which the solar system could have reduced at least one-third.
Typically, an average 6.6kW system can save around $300-$500 per quarterly bill. Why is there such a big price range, you ask? Well, it depends on how much electricity you use and when you use it.
While you should buy solar panels for home as soon as possible, here are some reasons that can help you decide faster.
Reasons You Should Get A Solar System Today
System Cost: A typical compliant solar system of around 6kW costs between $1,700 and $2,200 per kilowatt - 60% less than it used to cost 8 years ago. These reductions indicate improved technologies and efficient manufacturing in the making of solar panels. While many analysts say the cost reduction trend will go on at this cost and efficiency, solar panels are a perfect fit to be bought this year.
Government Incentives: Homeowners who are getting a new rooftop solar system are entitled to an incentive under the national Small Technology Certificate (STC) program. Currently, you can avail around 25% of the capital cost. Businesses who are looking for commercial solar energy systems can also take advantage of these benefits and can sometimes run into tens of thousands of dollars off the total cost. But as the STC program is already being phased out, the nominal value reduces by 6-7% every year until the scheme ends in 2030. So if you want to get a solar system, NOW is the right time.
On-going Levels of Savings: Especially the northern territory householders can enjoy a greater level of savings on their power bills. Currently, the basic unit of electricity costs around 29.95 cents per kilowatt-hour. It means people who live in the Northern Territory ( where the sun shines the strongest) with a typical 6 kW household solar system can save around $2,500 or more in a year.
Buy Solar Panels From OneRoof Solar and Enjoy Amazing Rebates and Offers On Your Purchase
NOW is the right time to buy solar panels. If you're wondering where to buy the best Solar Panels - OneRoof Solar is your destination! We top the list among the providers of the best LG solar panels in Darwin and all over Australia. Visit us on https://oneroofsolar.com.au/ to know more about solar panels and rebates. Connect today!
