February is the hottest time of year, so soak up the savings with a Solar System from True Value Solar.
2015 broke records for average highs, and climatologists predict 2016 is on track for even more heatwaves. The cost of cooling is expensive! So with so much sunshine around, February is without doubt the time to start building Solar power into your plan for 2016.
Let’s look at how much money you could save by choosing to invest in a Solar System today, over the year ahead.
- Savings on the cost of Solar
The cost of a standard 3kW system in Australia is now at an all-time low. Less than four years ago, it would have cost close to $7,000; but increased mass-production, continuing high-demand and constantly improving technology that same system today comes in at under $5,000 (Solar Choice: Residential solar PV price index – January 2016). That’s already a saving of 30%!
- Savings on the cost of electricity
Most households see a 30% reduction in their first power bill after installing Solar. Factors which influence your savings include where you live, your average household energy consumption, usage patterns, size of your Solar System and the feed-in tariff rate.
The True Value Solar Calculator makes it easy by incorporating these factors, and producing a graph for you. If your system is too small, the return on your investment will be less. If your system is too big, you may be overcapitalising. Get the right sized system for your household energy consumption by speaking with the True Value Team.
- Savings through Rebates and Feed in Tariffs (FIT’s)
Excess power your system generates that you do not use is fed back to the grid. What you’re paid for this energy you produce is called a Feed-in Tariff (FIT). These can be anywhere from 5-10c per Kilowatt hour; so in other words, if you’re not using your energy, you are getting paid for it anyway! For many customers, earnings from FIT’s can be as much as $60 a quarter (or $240 a year).
- Savings through low-maintenance costs
Solar systems require little to no maintenance whatsoever. Once installed, you generally don’t even notice your system is there – until you get your power bill! There are no moving parts, perishables or expensive routine replacements, in many cases the total upfront cost of your system is the last cost you’ll need to spend on your system for around 10 years.