Solar Power- What are the benefits?
Solar power is still a great investment in NSW even in the absence a feed-in tariff incentive in the state. The fact that solar PV system prices have been declining combined with the fact that retail electricity rates have risen significantly in recent years means that solar panels can now serve as a cost-effective, rooftop ‘power plant’ for NSW homes and businesses. Depending on the power consumption of the building in daylight hours investment payback may be achieved in as little as 4 years.
– Attractive return on investment
At CARE we design solar systems to provide the maximum return on investment for the customer. For power produced and consumed on site the value per kWh is equivalent to the current rate being charged by the supplier (usually in the range 23-28c/kWh. Any power fed back to the grid attracts a very marginal “Feed In” rate which may range from about 6 – 10 Cents per kWh. The customer’s consumption profile is what determines the optimum system capacity. Typically the simple payback on a residential installation that is properly designed would be around 5-6 years. Of course any increase in energy tariffs will shorten the payback period considerably.
– Low maintenance
A Solar PV array unless mounted on solar tracking device –generally have no moving parts and require very little in the way of maintenance once installed and functioning. Basic maintenance should include regular cleaning of the panel surfaces and removal of leaves and debris to maintain a high efficiency. An annual inspection of the inverter and switchgear is also highly recommended. Many installers are not keen to offer this service however at CARE we offer planned maintenance programs as well as breakdown service and repairs.
– Solar power – a constant energy source
Many things in life are unpredictable but the suns rising and setting is a constant. All across the world, we know exactly when it will rise and set every day of the year. We also know pretty precisely how much energy will be transmitted by sunlight to any location on the globe. Of course the energy must be collected during daylight hours and so energy storage becomes important if we are to be able to use that energy across the full 24 hour period. A battery storage system can provide the flexibility required to allow the consumer to be less grid dependent or even completely self sufficient.
Clements team of Solar Power experts are at the ready to answer any Solar related questions you may have – give them a call today 02 4932 3833.