The endless economic rewards of solar water heating
Surely you’ve heard about the solar energy boom of the last few decades? Like most people, you’ve probably had your doubts too. What if it’s not sunny? Are they as efficient as everyone says? Will I even save money on my electricity bill? All these questions are at the forefront for consumers who are considering the possibility of moving from conventional energy sources to using the Sun.
Let us tell you that the gains of solar water heating far outweigh any concerns or downsides. Furthermore, the falling cost of initial installation is a major bonus for anyone who previously couldn’t afford the first step to solar power.
The advantages aren’t just for the consumer either. Economically solar power packs a major monetary punch, as well as being much better for the environment.
Switching to solar water can potentially save you hundreds, if not thousands of dollars every year. This is further compounded by the fact that the annual life expectancy of a solar water system is approximately 20 years, which far outlives a traditional water unit.
Government Incentives
There are also government incentives in Australia to encourage consumers to switch to solar powered energy. In turn, it saves money for the government too, which also boosts the economical position. It’s all about $$$! These incentives are designed to pretty much offset the initial installation charge, which is what most people worry about when they first decide to make the switch.
After the stuttering, stop/start that has been the invention of solar energy, the latest technological advances, lowering cost of initial installation, and a real drive to focus on the pluses, more and more people are making the shift to solar water. This all means that solar power in the not too distant future will become a viable alternative to traditional energy means, as well as a huge economical advantage.
What to Know
If you’re keen to find out how much money you can save with solar power, consider these factors:
- Where you live
- Your average energy intake
- The size of the solar power system
- Usage patterns
- Your feed-in tariff rate
If you need a Gold Coast electrician, contact the experts at MC Power Electrical Solutions on 0432 022 294. We specialise in residential electrical solutions, everything from LED lighting, smoke alarm installation & maintenance, installation of ceiling fans, data & phone installations, lighting solutions and much more.