A Growing Interest In Solar Panel Investment

residential solar system The idea of solar panel investment is rapidly becoming a viable option for many Australians. This should not come as a surprise given the many benefits that can be gained when using energy produced by the sun. For starters, solar power is completely clean and environment-friendly unlike other energy sources. This is just one aspect of solar panel installation that has made it an ideal alternative to traditional power being provided by many commercial companies.

A growing number of businesses in Australia have actually gone into some type of solar panel investment. Many of these have been quite satisfied as they are able to see a possible return on their investments in as short as four years. As such, Australian business owners are currently targeting a completely self-sufficient energy system founded on solar-based technology. This means that in time, they will no longer be receiving regular electricity bills.

Meanwhile, private homeowners also find the shift to solar power ideal although the initial costs involved in solar panel investment tend to discourage them. This is understandable, but when considering the life span of the typical solar panel, the initial expenses of getting them installed should be reasonably fair. On the average, these panels can last anywhere from 20 to 30 years while the accompanying inverters have been known to work efficiently for at least a decade.

Additionally, the Australian government has enacted a measure whereby local residents who opt to settle for solar panels as an energy source become eligible for some type of discount. Specifically, when making an investment in solar panel installation, Australians are issued what are known as RECs or Renewable Energy Certificates. RECs are credits that can come in the form of rebates which can be redeemed after the solar panels have been installed. Alternatively, these can be used directly when purchasing the solar panels for significant discounts. Australian solar PV system and solar lighting supplier Top Frog Energy recommends installing a small scale solar system that produces no more than 100kW so you are eligible for the solar feed-in tariffs for your state.Solar panels

These credits have become less prevalent across the country lately, and since the reduction in the rates of solar feed-in tariffs, the segment of people who can benefit from solar has narrowed slightly to those who can use energy during the day or residents who opt for off the grid storage solutions for energy produced like the Tesla Powerwall released earlier this month on pre-order. Because of these changes it is important to keep up to date with government legislation for feed-in solar tariffs in each state. Here you can find appropriate information for QLD & NSW.

Some people, however, see these incentives as short-term. Nevertheless, they remain attractive options for many Australians seriously considering a solar panel investment. In this regard, it should be worth noting that solar-based technology is bound to further improve in the coming years. This should eventually make solar panels more affordable for the average Australian household and enable them to see solar energy as the practical solution to the rising costs of commercial energy.

Of course, the vision of seeing an Australia that is fully dependent on solar power remains an elusive dream. Presently, solar energy production is still unable to accommodate the needs of people living in the metropolitan areas of the country. This is expected given the number of businesses as well as residential properties which have been in these parts for many years.

Still, in the regional territories of Australia, many homes and commercial companies have helped make solar power a major component of daily living. They serve as concrete proof of the viability of switching over to alternative and clean energy sources like the sun.

A few other natural sources of power have also been made available in recent years. Wind energy, as generated by ubiquitous windmills, shows promise but requires large-scale infrastructure and planning. On the other hand, solar panel investment can be conveniently made even at the micro-level category.

If you’re in the construction industry make sure you take advantage of the benefits available to homeowners when installing solar panel systems, solar hot water, and other renewable energy systems and be sure to encourage your clients to take up these options to help the earth and reduce their bills.

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