Why you should invest in solar power in 2021.
The world continues to move away from fossil fuel resources like gas and coal to produce electricity, transitioning towards a more sustainable model that utilises renewable energy resources. For businesses and homes, this means turning towards solar installation instead of the traditional grid power. More than 2 million Australian homeowners have already made this transition to solar power.
As the world moves closer towards a renewable energy goal, 2021 presents as the best opportunity thus far to switch to solar: with many reasons to transition, including:
Solar is becoming more affordable
New data from the International Energy Agency (IEA) shows that solar has become the cheapest electricity in the world as technology continues to improve. In the last 10 years the cost of solar panels has plummeted more than 80%.
In addition to this, solar technology continues to get better, meaning households and businesses from all budget points can afford to make the transition, while getting a great quality product.
Panels are becoming more efficient, allowing you to get great bang for your buck
In the current solar environment manufacturers are putting out PV systems that are around 25-26% efficient, meaning that around a quarter of all of the sunlight that is hitting your panels will be converted into clean energy.
In 2021 you can use fewer panels to generate more electricity, this allows residences and businesses with smaller amounts of space to consider going solar as fewer panels has now become an alternative when going solar.
New technologies like solar batteries
Solar batteries have also become more affordable and mainstream. Solar batteries allow you to save power for a rainy day – or even a power outage. This allows you to always have backup power and enough power to get you through each night.
You will save a great amount of money
The cost of living within Australia has been a major issue for Australian residents, and the impacts of COVID-19 have not helped to ease those pressures on many Aussie families and businesses.
Electricity bills have been skyrocketing in recent years, and installing a solar system gives you the ability to potentially eliminate these bills.
There are a number of variables that will determine how much you will save, but in Perth, Western Australia the average saving is around $400 per year per kW of solar – therefore meaning a 5kW system will help reduce your power bills significantly.