The world is gradually waking up to the threat of climate change. More and more countries are now advocating for clean energy. The Australian government is in the forefront of this endeavour, committing $220 million to support energy storage technologies since 2013. Even though the government subsidies were reduced, there is still a steady pace of solar installations in many Australian homes with the drop of rooftop solar prices.
In fact, in the previous years alone, tens of thousands of Victorian households have installed solar PV panels. In the Melbourne area, there are approximately 10-15% of homes meeting part of their energy needs through solar power.
Are solar panels on your home a viable option? Here are some benefits to keep in mind if you’re thinking of installing them:
- It is an environmentally-friendly move. Solar power draws energy from the sun, which is clean and free. Many consider it as the primary solution to the global warming crisis by minimising greenhouse gas emissions and reducing dependence on fossil fuels.
- It secures an independent future. Unlike most of the world’s energy sources such as coal, oil and gas, solar energy is renewable. Fossil fuels might run out in fifty years or so, but solar power will stay as long as the sun exists. Investing in solar power can address the issue of overdependence to foreign powers for the country’s energy needs.
- It has financial benefits. By maximising your solar self-consumption, you can save more money as it reduces the need to purchase energy from the grid. The estimated Victorian annual electricity savings for a 5.40kW solar power system is $993 – $1,357.
- It can increase your property’s value threefold. For those who have plans to sell their homes in the future, solar power gives additional incentive as it can guarantee a return on investment.
At Thornhill Park, solar panels are permitted on homes provided they are not located on the front elevation of the home.