Is Solar in Darwin Right For You? We Help You Decide
Whether or not solar makes sense to you, now’s a good time to migrate to renewable energy in Darwin, NT. Solar is a sound idea – capture free and abundant sunlight and convert it into energy. This reduces your energy bills and conserves natural resources.
Well, it isn’t too expensive anymore. Things have changed over the years. Of late, solar is in high demand, all because of the lower prices, higher incentives and multiple financing options.
With solar panels, you can stamp out your electric bill completely (after recouping the system, installation and maintenance costs). In other scenarios, however, you can only cut your utility bill by 10-50%.
Solar panels are useful during the day, but useless at night. Unless you acquire solar batteries to preserve excess power, you’ll still have to rely on your local utility company. How much you can save depends on your home’s set up and how you pay for the system.
On average, it takes 5-10 years for homeowners to recoup their investment. More tax credits and smaller systems shorten the recouping period.
A ground-mounted system is ideal if your roof is 20% shaded (or more). If your roof faces the sun, for the most part of the day, rooftop solar is a suitable option. For those who live in winter areas, don’t fret. Solar panels can capture sunlight scattered by humidity or clouds. Therefore, areas with cloudy days and cold climates can utilise solar. In fact, solar panels perform better in colder temperatures.
Where you live, how you finance your investment and your current energy usage determine the amount of money you can save by going solar. The longer you stay in your home, the better. Buying solar panels, only to relocate in a few years, wouldn’t give you sufficient time to maximise and enjoy the savings.
Estimate Your Savings
Before going solar, find out if it’s right for you. To compute your estimated savings, grab your electric bills, and check the amount of energy you consume every month. For an accurate estimate, request a solar installer, to check your roof. Houses that are out of the sun, either because of tall trees or buildings, may not be suitable for solar.
Get the most ROI by paying for the panels with cash.
Buy the System
Compared to purchase agreements and leasing, buying solar panels saves you money and increases your property’s value. Once you recoup the procurement costs, you’re guaranteed significant utility savings. However, there are maintenance costs.
Lease the System
To use the system, you have to pay a fixed monthly amount. In return, you get a reliable electricity package. Most leases include system maintenance. But you won’t get rebates or tax breaks with this option because the system isn’t yours.
Power Purchase Agreement (PPA)
With a PPA, one pays for the amount of energy used. As with a lease, there’s no down payment and you don’t possess the system. The amount of electricity you buy may vary by season.