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A photovoltaic system also known as a PV system or solar system is a power system designed to supply usable solar power by converting sunshine into electricity.
Here are just some of the reasons your home or business should install a solar system.
Protection from increasing energy prices
After your solar system is installed, it will continue to generate free electricity every year. This allows you to significantly reduce or completely eliminate your power bill. With tariffs on the rise each year, solar gives you the ability to continue using the power you need at home or at your business property while keeping your bills low.
The Federal Government’s Solar Credits Scheme provides appealing rebates for purchasing and installing your system. In addition, if you are installing solar on a residential property, state based Feed-In Tariff Schemes pay you for any excess electricity you generate from your system that is unused and sent back to the grid.
Remarkeable Investment Returns
There aren’t many financial investments that give a better return than solar systems. In such a competitive society with so many expenses on the increase and on the rise, finding ways to save money is essential. How would you like to start saving on your electricity bill as soon as your system is switched on? Depending on the size of your system, return on initial investment can be 15-30% with your solar system paying for itself in 3-6 years.
Increase the value of your home
If you are thinking of the re-sell value of your home, solar is an immediate value increase to your asset. The demand for energy efficient homes has significantly increased over the last few years. Homes installed with solar systems are proven to sell at a much higher premium. The prospect of avoiding the rise in energy prices is a huge consideration for those looking to purchase a home.