When you do home improvement, you hire the best service provider who gives stylish interior and exterior design. You renovate the house and call the best Roofing Adelaide to bring new life to the roof. Why not do one more thing? Install solar panels on the roof to save on electricity expenses. Indeed, you have to spend money on procurement and installation of the solar system but the benefits you get are quite a lot.
Experts say that the money one saves on electrical expenses pays back money in five years approximately. And the best thing is it keeps on earning money forever.
Solar power, the perpetual energy source
Solar power system generates electricity by converting solar energy using solar photovoltaic cells. Solar panels are mounted on the rooftop. However, they can be installed on the ground as well. When the solar energy is converted into electricity, it can be used for charging batteries or supplied to the household appliance by converting into Alternate Current or AC. Solar panels produce power only in the daytime. Stored energy in batteries is available for consumption at night.
The cost of solar panels was quite high until 2011. It was due to expensive solar panels and a less efficient system. After 2011, there has been a great improvement in the quality and efficiency of solar panels. Hence the installation of solar panels was not affordable while Roofing Adelaide.
Cost of roof solar panel
The average cost of a 5 Kilowatt system is approximately 6.5 K to 7K. However, it may go higher in a few cases. Costs vary depending on the city. In Adelaide, it costs around 11000$. In other cities like Sydney or Perth, it is around 6000$ to 7000$. When you want to install a solar power system, you must think about the payback period. The average payback period in Adelaide is around 4 to 4.5 years. In other cities, it may go beyond seven years.
What decides the payback period? The cost of electricity is the biggest factor. As the prices of electricity go higher, the payback period will get shortened. It has been estimated that there are around 2 million households in Australia where solar power systems are functional. And the good news is that this number is increasing with every passing year.
Solar power generation gives you energy autonomy. It means you generate sufficient power for your consumption. Any excess power generated can be supplied to the main grid.