Renewable energy sources are on the rise and powering your home with the sun’s rays are no exception! Continuing its reign as Australia’s most preferred source of energy, solar power is a smart investment. But a lot of people are still confused about what it is and how they will benefit from it.

If you are scratching your head, wondering if solar power is all it’s cracked up to be, you’re not alone. Here, we shed some light on the situation by debunking a few common solar energy myths.

Myth #1

Solar Takes Forever to Pay Off

It wasn’t that long ago that solar systems took nearly a decade or more to break even. But nowadays, depending on your electricity usage and system size, full payback can be achieved in as little as 3-5 years! Not bad for a system that generally lasts more than 2 decades!

Solar energy is a renewable energy source that can be boosted by several incentives, schemes and programs that reduce the upfront cost of a solar system. These programs also often extend to battery storage. And after you add in a generous manufacturer warranty? You can save even more!

Myth #2

My Electricity Bill Will Be Bigger

Most anyone with solar panels installed will have noticed a reduction in their electricity bill. The common misconception that solar panels cost you more money is just untrue!

Solar energy is free energy from the sun! You’re investing in the system that converts it and the battery that stores it.

When you invest in solar energy, you are helping to reduce the ‘peak’ demand on the electricity network. As cities grow and more people consume electricity, the electricity grid takes a beating. Solar energy helps reduce the strain of high electrical demand, and cuts out the need for inefficient, non-renewable energy!

And with the sun shining and your solar panels soaking it up, you’re bound to get some excess energy. After your system feeds this electricity back to the grid, you get credited for the export of power, thus lowing your power bill!

Whatever your system picks up is yours to use. You no longer need to rely on the grid. And with extra batteries to store excess power, you’re all set! You’re only paying for maintenance from here on out!

Myth #3

Solar Panels are Too Expensive

The first step to understanding how much money a solar power system can save you is to calculate how much you are currently spending on electricity from the grid. An average Queensland household pays about $1608 a year, according to a 2019 study. A solar-powered home allows you to generate your own energy, which will drastically reduce your electricity bill, especially if you use most of your energy during the day or store it with a solar battery storage system.

Because the cost of a solar power system is an up-front investment, it may seem expensive in the short term, though the upfront cost can be reduced through the current solar grants. The system also pays itself off over a minimum of two decades as it reduces your electricity bill and saves you money in the long run by creating renewable energy for your home.

Save money, help the environment and improve your lifestyle. If you’re interested in saving energy through a natural alternative to electricity, call us for a quote on equipping your home with a solar panel system. We’re more than happy to help you find a way to lower your environmental impact and save some money with energy free from the sun!