Australian Energy & Solar Landscape – The 5 W’s

The Global energy scene is witnessing rapid changes brought about by two important factors:-

  • Global warming and its consequences
  • Major shift to renewable sources of energy

Global Shift to Environment

Global leaders have already taken cognizance of the potential challenges that lie ahead for the human from global warming. Global warming is no more considered a joke or a research subject. In many parts of the world, we are already experiencing unpredictable climate, regions dependent on rains going dry, deserts getting rain and such vagaries. Possibly, if we had heeded to global warming warnings a few decades ago, we could have contained or avoided some of the mysteries that the human kind is facing today. As we coin this article for you, hurricane Irma is causing havoc across Florida in the US and so far, Cuba has taken the worst brunt

Temperature scale

Temperature anomalies.

Possibly, if we had heeded to global warming warnings a few decades ago, we could have contained or avoided some of the mysteries that the human kind is facing today. As we coin this article for you, hurricane Irma is causing havoc across Florida in the US and so far, Cuba has taken the worst brunt

World Landscape for Energy

In many parts of the world, we are already experiencing unpredictable climate, regions dependent on rains going dry, deserts getting rain and such vagaries. Possibly, if we had heeded to global warming warnings a few decades ago, we could have contained or avoided some of the mysteries that the human kind is facing today. As we coin this article for you, hurricane Irma is causing havoc across Florida in the US and so far, Cuba has taken the worst brunt

As we coin this article for you, hurricane Irma is causing havoc across Florida in the US and so far, Cuba has taken the worst brunt

As we coin this article for you, hurricane Irma is causing havoc across Florida in the US and so far, Cuba has taken the worst brunt of this storm. Irma may not be a direct consequence of global warming, but it did contribute to making it more horrifying. Experts also point out that future storms could potentially stronger than ever before.

There is precious little that we, as individuals, can help contain global warming and if that is what you thought – it is time to sit up and take stock.

Thanks to major initiatives from global leaders, efforts are underway to take on global warming more seriously and usher in measures to contain its impact. Emissions from fossil fuels have been identified as the major cause of climate change and the world is now geared towards a quantum shift from fossil fuels to renewable energy.

Energy Landscape in Australia

Time that Aussies should look at solar energy more seriously

It is not just global warming that sets the tone for Aussies to take a more serious look at solar energy to meet their energy needs. Australia enjoys the most number of sunny days around the world with Perth being at the top and Melbourne coming at the bottom with 3,200 and 2,200 hours of sunny days per year, respectively. Further, the cost of home solar installations has been dropping steadily and so have been the cost of storage batteries. This article explains the cost considerations and payback period for your investment on multiple parameters.

Australia enjoys the most number of sunny days around the world with Perth being at the top and Melbourne coming at the bottom with 3,200 and 2,200 hours of sunny days per year, respectively. Further, the cost of home solar installations has been dropping steadily and so have been the cost of storage batteries. This article explains the cost considerations and payback period for your investment on multiple parameters.

Solar

Rooftop solar is affordable and a smart option for most Australian homes.

In the last quarter of 2017, even if we take away all the incentives provided by the State, roof top solar is still affordable. This perhaps also explains why home solar installations in Australia have been growing at a steady pace even in the absence of most generous incentives closed out to new applicants.Euro Solar Group of Companies that have led in that trend have done well over time although the rebates have gone down. Home owners are also learning new methods to use most, if not all, of the solar energy

Here is a TV ad that these folks do.

Home owners are also learning new methods to use most, if not all, of the solar energy production by their home installations. This is a smart move which saves $0.20 to $0.30 per kWh depending on individual location and the retail cost of energy paid to the grid. Conversely, the feed in tariffs (what you receive for the excess output you sell to the grid) averages about $0.08 per kWh.

Prices for solar installation are stabilizing

Recent years have seen plenty of changes in the Australian solar arena. In 2011, many home owners in Australia opted for solar power encouraged by liberal state incentives. Over the next three years, prices started dropping steadily and so did the incentives. From 2014 onwards, after

Over the next three years, prices started dropping steadily and so did the incentives. From 2014 onwards, after a significant reduction in the price of Solar power systems, prices are now stabilizing at current levels. The typical cost of a home solar power installation has dropped by about 30% in 2017 as compared to what prevailed in 2012.

Most home owners today are opting for 3kW or higher capacity systems

Another pointer to the growing acceptance of home solar systems is the fact that most installations in recent times have moved from the 1kW system at the start of this revolution to 3kW or more per household. Home owners are also appreciating the value proposition offered by larger systems.

Payback periods for solar installations

The payback for solar installations varies on account of multiple factors such as the price you pay for the panels, price of storage batteries, cost of energy from the grid, and rate of feed-in tariff among others.

But a simple evaluation independent of the storage batteries, your investment in a simple home solar power system should pay itself back in about 5 years. But, given the average life of a home solar power system at about 25 years, your ROI is attractive. With storage added, the payback still hovers around 10 years. For a detailed look at the payback period under varying conditions, you can go here or here.

Ideally, homeowners are better off with a storage system added, since most of us tend to use more power during the evening and night when solar power available for use is at the least across the day. A storage will also ensure uninterrupted power without dependence on the grid. Utilising most of the power generated by your solar power system is the key to optimizing your returns from the investment.

Further, in regions that experience high prices for electricity from the grid and lower price for solar power system installation, the advantages from a solar power system installation can be spectacular without any additional effort. Even in cities that have a higher average price for solar power systems, the payback period hovers around 7 years.

Getting the best from increasing competition

With more and more Australian home owners opting for solar power systems, we can expect to see healthy competition from the providers. Focused research to find the most advantageous prices will help you ensure that your overall investment in the solar power system and storage pegs lower by at least a few hundred dollars. Thanks to the digital world, you can carry out all your research from the comfort of your home too.

Go solar to save our planet and also save some cash for you in the process!