The Benefits of Installing Solar Power
1. Protection from price rises
Installing a solar power system allows you to protect yourself from rising electricity costs. Electricity prices in NSW have rising an average of 8% a year over the last 10 years and recently much more than this. As the producer of your own electricity, you are insulating yourself from future price hikes by not having to purchase that electricity from a supplier. As electricity prices continue to rise, the greater the benefit's to owners of solar power systems.
2. Paying less for power
Installing a solar power system is the equivalent of prepaying your future electricity bills at prices that are cheaper than you currently pay. Over the life time of a solar power system the savings in electricity bills will be far greater than the up-front costs of a system. This means the actual price of the power you use is much less than what it would be if you purchased it from an electricity company.
3. The costs are subsidised
The upfront costs of a Solar Power system are subsidised by Government rebates and incentive schemes. This makes the return on the investment very attractive and the payback period is greatly reduced.
4. Add value to your home
Installing a solar power system is an investment that adds value to your property. According to a recent survey homes with green credentials can attract a 5-10% premium when sold. The average price of a Sydney home is $538,000 so installing a solar power system can add significant value to a property. The up- front costs of installing solar power are more than recouped in the resale value of a home. With low term deposit rates and a volatile stock market adding value to your home is a wise investment
5. Make money from the sun
Solar power systems can generate an income for owners. In areas where a Feed-in Tariff scheme is in place, the power generated can be sold at a premium price, providing owners with an extra income stream.
6. Reduce your electricity bill
Solar power will significantly reduce your electricity bill and in some cases generate additional income, depending on the size of the system installed and your homes electricity consumption.
7. A trouble free investment
Solar power is a proven technology. Many systems installed over 40 years ago are still producing power. Once installed the system requires little maintenance. There are no moving parts so all that may be required is a clean of the panels from time to time.
Australia’s emissions of carbon dioxide (CO2) during the past 25 years have risen at almost twice the average rate. This means that per person, pollution levels in Australia are 4.5 times the global average, not far behind those of the United States.
The major reason for Australia’s high level of pollution, per capita, is our reliance on fossil fuels to generate electricity. Forty percent of Australia’s green house gas emissions come from electricity production. An average Australian home uses around 18 kilowatt-hours of electricity every day. When this electricity comes from the burning of fossil fuels, it means each household is responsible for releasing 7 tonnes of CO2 into the atmosphere every year. When you consider the number of households in Australia, the combined effect of these emissions is a major burden on the environment. There is another way. Installing a Meridian solar power system can provide all your electricity needs without the emissions of carbon dioxide or any other green house gas. A solar power system simply converts sun light into electricity, cleanly and silently, without any gases being released into the atmosphere. This reduces your carbon footprint and helps fight the effects of climate change. A 2kW solar power system from Meridian Solar will reduce CO2 emissions by 3 tonnes per year. This is the equivalent of planting more than 450 pine trees.
Installing a Meridian solar power system is like having your very own clean green power station, helping the environment and saving you money