Benefits of Using Solar Systems for Households
The Australian Context
With the Australian continent possessing the highest solar radiation per square meter of any continent in the world, it is no wonder how or why the solar industry is booming across the country. As energy costs continue to rise, the financial benefits of solar power for households have increased, with payback becoming much shorter than before. This is in addition to the numerous environmental benefits that are all part and parcel of an installed solar system.
Generally, there are two distinct technologies through which individuals can harness sunlight for their power and energy requirement. Through solar photovoltaic technology, you can convert sunlight directly into electricity using photovoltaic cells, which are combined to form solar panels. These can even be integrated into vehicles and installed across fields to create large-scale plants.
Solar thermal technology, on the other hand, is used to converting sunlight into thermal energy, predominantly used in the past to generate heat. Concentrating solar thermal technology harvests heat from the sun for large-scale power generation. Using multitudes of mirrors to reflect sunlight onto a thermal receiver, it transfers this heat into a thermal energy storage system, where energy is released whenever it is required.
While it is common knowledge that solar panels are highly beneficial for electricity generation, Let’s take a look at some concrete facts and how these benefits pay off within the Australian context.
Fiscal Benefits of Solar Technology
Solar panels are an investment that pays dividends in the long run. Despite incurring initial costs the system is a cost-efficient way of generating energy for your household, especially if one is to consider the volatile nature of the energy industry and its intermittent price spikes.
There are reportedly almost around 2.8 million small-scale solar systems in the country, possessing a capacity of around 6000 megawatts of electricity. It is believed that Australian households and businesses are now generating enough electricity through their solar systems to power every home in Sydney; a remarkable feat in the global context of scarce energy resources.
Given that any household with such a system more or less generates its own electricity, the less power is needed from the national grid, contributing to reduced electricity costs. If you’re worried you’ll generate more than you require, you might even be able to sell the excess electricity back to the grid, depending on the scheme available in your region or territory.
Additionally, given the unpredictable nature of alternative sources of energy, you’ll ensure that you’re never in a position of vulnerability should global markets and local resources deplete - more or less a certainty, given international consumption patterns and environmental degradation. Furthermore, owing to the growing demand for solar panels and an increasing trend of conscious consumption, installing solar systems in your household may just hike real estate value, should you ever decide to sell your property.
Solar Power for a Better and Safer Environment
According to a survey published by Roy Morgan in 2017, approximately 23.2% Australian households owns a solar panel as of March 2017. Apart from the fiscal benefits outlined above, it is evident that environmental concerns are also a major selling point for many Australians.
Given that solar energy is green, clean, and renewable, adding solar panels to your home will reduce your carbon footprint, unlike other traditional sources of power that are responsible for emitting copious amounts of greenhouse gases into the environment. It is believed that small household solar systems can reduce greenhouse gas emissions by around 2-3 tonnes every year; a compelling incentive for more individuals to completely turn over to solar power. Even the energy utilized in converting the energy from the sun into electricity for your home is minimal.
Every year, Australia receives around 58 million PJ of solar radiation, estimated to be 10,000 times more than its total energy consumption. Despite this, the country’s present usage of solar energy remains around 0.1% of its total primary energy consumption. However, it is clear that this number is steadily rising, with around 135,370 solar systems installed throughout 2016, and this number only increasing in 2017. In fact, the industry reported its largest March quarter for rooftop solar panels last year.
It is therefore clear that an increasing number of households are beginning to realize the proven benefits of solar power for energy requirements. However, in doing so, it is equally important to identify your needs, your consumption patterns, among other factors before investing in solar technology for you and your family. At Earthsave Solar, we aim to provide you with premium services at extremely competitive prices, perfectly suited to your needs and requirements. Visit our website today for further information, or our contact page if you’re interested in a quote for setup and installation.