In this era of technological advancement, everyone is looking for the best ways to save money on electricity bills. The answer is simple: Solar energy. It allows you to generate more power sustainably than you can use for your household, which has the potential to earn money for you.
Make a budget
You will need to figure out how much money you want to spend on your solar panels in Mackay and how many solar panels it will take to meet your energy needs. You can use a free calculator tool to estimate the system size that would work best for you.
Next, you should figure out how much money it would cost to install and maintain a home solar power system. The Federal Renewable Energy Target Program has an excellent guide that provides recommendations on what financial incentives are available from local utility companies and other sources.
You also need to decide how much money you want to save on your electricity bills over time by installing a home solar power system and whether that savings goal is worth considering when comparing options.
Solar credits
These are the currency that solar energy uses to reward you for generating your own electricity. You can use these credits to pay for your electricity bills or spend them on any number of other things, including:
• To buy more solar energy
• To buy home appliances (like washing machines, refrigerators, and microwaves) that run on solar power
• To pay your taxes
Fees and charges
It is essential to know about the fees and charges that the utility companies levy. These generally include:
• The connection fee is a one-time charge for connecting your solar power system to the grid.
• A demand charge is charged when you use more than what they expect of you, based on your peak demand during certain hours of the day, such as at night when energy is not being generated. It is a penalty for using too much power in an hour or so, and it’s added on top of your usage cost per kilowatt-hour (kWh).
Solar panel efficiency
Using solar panels, you can use your gadgets for a longer duration. In fact, you can use them for more hours and days. You can even use them for more years and decades! This allows you to enjoy a better living standard, which is truly worth the investment in solar panels.
Rebates as per Australian policies
Rebates can be applied for by making an application through the Australian government’s Renewable Energy Agency (REA). The REA will then send you a rebate certificate containing all relevant information about your rebates.
• Small-scale Technology Certificates (STCs), which are certificates related to renewable energy generation; and
• FiT payments are payments made by state governments based on the actual output of your system and its capacity.
The best way to optimise expenditure
It is a fact that the best way to save money on your electricity bills is to install solar panels.
If you want to save some bucks, installing solar panels is a good idea. These days many people have installed them on their roofs so that they can generate their electricity at home instead of buying it from the utility company, which will save them a lot of money over time.
Conclusion
Solar energy is sustainable, and investing in solar panels from Mackay can pay off. You’ll be able to reduce your monthly bills and also help the environment at the same time.