Make money while the sun shines
MAKING the switch to solar just makes good sense. Right now, investing in solar delivers serious and immediate returns. How so you might ask? We understand it can seem complicated to understand the real returns on a solar system, so we thought we’d break it down for you.
According to the Clean Energy Council the average hours of sunlight a day across the year is 4.2 hours, so we will use this as the base to calculate the solar generation. Based on 4.2 hours a day, a 5kw system will generate 21kw of clean energy every day.
Now let’s say you self-consume 50%, or 11kw your total solar generation each day. Based on today’s average electricity charges of 28c/kw, by cutting your reliance on the grid by 50%, you stand to make a saving of $3.08 each day. That might not seem much but over the course of a year that’s $1124 back in your pocket. Then there’s the other 50% of your solar production that you can export back to the grid. Based on today’s average solar feed in tariffs you’re looking at anywhere from 8 cents to 15 cents, depending on your electricity retailer. Let’s base our calculations somewhere in the middle… if you are exporting the remaining 50% at 12 cents per kw, that’s another saving of $1.32 cents per day, or a further $481 a year you’ll save in electricity costs. That’s a whopping total of $1605 per year in savings straight from the get go.
Now let’s say you want to finance your solar system. The cost of a good quality 5kw system will set you back approximately $6000 (less than a third of the cost just five years ago). Based on a 5-year payback, with a $0 deposit, you’re looking at monthly repayments of just over $100, or $1200.00 per annum. So right now, you’re in front, with immediate electricity savings delivered of $1605 per year and the system cost of $1200 on payback, you’re $405 in front. That’s a win.
We are genuinely passionate about the benefits of a good quality solar system designed to deliver you real savings. If you’re ready to take control of your energy future, and you’re looking for honest, trustworthy advice from your local energy contractor, call SAE Group today on 1300 18 20 50. To find out more visit www.saegroup.com.au