Ways The Solar Renewable Energy System Saves You Money

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Going solar is a smart way to reduce your carbon footprint and save money in the long run. With the advances in solar technology, the initial costs of installing a system have decreased, making it a more affordable option for homeowners. 

As of June 2020, there were over 90000 households with a solar system in brisbane, installed on their rooftops. In terms of the total number of households in Brisbane, this solar penetration rate is approximately 10.8%. The average size of a solar system in Brisbane is 6.6kW.

Reduced Energy Bills

One of the most obvious ways in which solar energy can save you money is by reducing your energy bills. Once you have installed a system, you will start generating your electricity, so you won’t have to rely on your utility company for all your energy needs. This can significantly reduce your monthly energy bills and, in some cases, even eliminate them.

Tax Incentives And Rebates

Installing a system can also save you money through tax incentives and rebates. The government offers a tax credit on the total cost of a system, which can significantly reduce the initial installation costs. Many states also offer tax incentives and rebates for homeowners who install systems.

Increased Home Value

Installing a system can also increase the value of your home. A study found that homes with systems sell for an average of 4.1% more than homes without solar panels. This means that installing a system saves you money on your energy bills and can also be a smart investment for your home.

Lower Maintenance Costs

Systems require very little maintenance, saving you money in the long run. Unlike traditional energy systems that require regular maintenance and repairs, solar panels only need to be cleaned periodically to maintain efficiency. This means you won’t have to spend money on expensive repairs or maintenance, which can add up over time.

In addition, most solar panels come with a warranty of 25 years or more, so you won’t have to worry about replacing them for a long time. This can further reduce your overall maintenance costs and provide peace of mind.

Environmental Benefits

Going solar saves you money and also helps the environment. By generating your electricity from the sun, you reduce your dependence on fossil fuels, which can significantly reduce your carbon footprint. This means that by going solar, you are saving money and doing your part to protect the environment for future generations.

The total amount of energy generated by the solar system in brisbane, as of June 2020, is approximately 102 GWh. This is enough to offset the emissions from 8,900 cars or power 9,400 homes for one year. Solar power accounts for approximately 1% of all electricity generated in Brisbane.

Conclusion

In conclusion, going solar can save you money in various ways, from reduced energy bills and tax incentives to increased home value and environmental benefits. Additionally, renewable solar energy can protect you from rising energy costs, save money during peak demand periods, reduce your cooling costs, and lower your water heating costs. By going solar, you are saving money, helping protect the environment, and ensuring a sustainable future for generations. If you want to save money and reduce your carbon footprint, consider installing a system in your home.

 

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