We all know that solar panel system installations are the way of the future, thanks to the environmentally friendly nature of solar energy. However, here are 5 things you may not know about solar panel installations that you might find intriguing.
A Significant Impact on Property Value
Solar panels installed on your residential property can significantly increase its resale value. Various studies have shown that homes with solar energy systems are more appealing and sell for more than homes without them. When factored in, this alone can help cover the cost of the initial installation.
In addition to increased home value, your home is likely to sell faster if it has solar panels installed. This can lower the cost of electricity bills and is more environmentally friendly, which are both appealing aspects that attract potential buyers.
Different Kinds of Solar Panels
There are are three main types of photovoltaic solar panels on the market: monocrystalline panels, polycrystalline panels, and thin film panels. It’s a good idea to be well-versed in the various types available to make the best choice.
- Monocrystalline panels have a single crystal structure and are considered more efficient with a higher power output. They are generally more expensive, but they also take up less space.
- Polycrystalline panels have multiple crystal structures and are less efficient but more affordable. They generally require more roof space to provide the same amount of energy as monocrystalline panels.
- Thin film panels are also available, but less common. They’re made from various materials and are known for being flexible and lightweight. While they are generally less efficient, they can be integrated into other building materials for a more aesthetically pleasing option.
Consider Energy Storage Options
Usually, modern solar installations are paired with home battery systems, allowing you to store excess energy generated during the day for use at night and during power outages. Having a battery system will help ensure continuous power supply and reduce your reliance on the grid.
Grid-tied systems are also available, where your system is connected to the local utility grid, allowing you to sell excess electricity back into the grid. This can lead to credits on electricity bills and additional savings, which is well worth considering.
Without an energy storage option included, your solar energy will only be useful during daylight hours.
Installation is Complex, But Maintenance is Easy
Although solar panel installation is complex and requires the expertise of solar professionals, it is relatively easy to maintain and is safe and efficient.
While installation might be complex, maintenance is straightforward and generally requires only occasional cleaning and periodic visual inspections to ensure the system runs efficiently.
Solar panels come with a 25-year warranty, which means they are reliable and durable over a long period of time.
Various Financial Incentives
The Australian government offers financial incentives to help lower the initial cost of installing solar panels. You can get up to $1 400 for a solar system installation if your house is valued at under $3 million or if you are currently building a brand-new home.
It’s also possible to apply for an interest-free loan if you need to cover additional installation costs. However, this loan requires repayment over the next four years.
Aside from these incentives, long-term savings can be accrued through an investment in a solar panel system, with savings on electricity bills typically leading to a payback period of around five years.
Here at Static Solar & Electrical, we provide top-quality solar panel system installation services, ensuring that you’re up and running with a renewable solution that saves on both money and carbon emissions. Contact us today to find out more.
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