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Home solar panels have quickly become the new trend for home owners around Australia. This is mainly due to the increase in electricity prices and the cost of living in Australia. To date, there have been over 1.25 million solar panel installations spread across the seven states, with hot spots in all of the major cities. More for information visit our website - www.australiansolarquotes.com.au
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Home Solar Panels Systems and Electricity Prices in Australia
Home solar panels have quickly become the new trend for home owners around Australia. This is mainly due to the increase in electricity prices and the cost of living in Australia. To date, there have been over 1.25 million solar panel installations spread across the seven states, with hot spots in all of the major cities.
Believe it or not, the technology behind solar power isn’t that new. In fact, not much has changed with solar power technology in the past 50 years. However although solar panel technology has not changed, other factors have, one being the affordability of solar and the price of solar panels and components. We have ourselves to thank for this, as it is a direct result of the recent international acceptance of solar power and other renewable energy technologies. These days it’s known as the 21st century solar boom, or as others may call it, the 21st century solar coaster.
What caused the solar boom? The acceptance and recognition of global warming, now known as climate change. Yes, climate change is one theory. Another hard to miss theory is the rising cost of electricity in Australia. The exponential demand for energy neared its limits in the 21st century, forcing the Earth’s population as a whole to source more affordable alternatives to fossil fuel. This was great for the solar power industry, as it led to the injection of billions of dollars into the development, growth, and sustainability of solar panel technology.
Home solar panel prices in Australia The high demand for home solar panels has played a big role in the reduction of solar panel prices both onshore and internationally. The cash injection to the renewable energy industry has funded the research and development of solar power technologies leading to an increases in the solar panels efficiency. It is now clear that no matter what government is in power, electricity prices will continue to rise in Australia unlike solar panel prices.
Australian electricity prices High electricity prices have driven solar panel prices down. This is not because of subsidies and financial incentives. The decline in the cost to install home solar panels is a result of the heightening demand caused by the high electricity prices.
But why do electricity prices continue to rise? Again, this is another topic that you can read more about in our newsroom. Or you can watch this 5 minute YouTube video produced by The Undercurrent • To tackle this financial burden, here are a number of things that you can do around the home: • Use less electricity around the home • Review your current electricity retailer • Disconnect your air-conditioner and heater. (ha! not likely) • Purchase more energy efficient appliances for your home • Install rooftop solar panels
Contact Us Contact us today and one of our friendly staff will be happy to assist with your solar power enquiry.