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4 things you need to know about solar power

Square heatwave

Thinking about going solar? Not sure if renewable energy will be worth it? We hear you. Making the switch to solar power can be a big decision and an even bigger investment. But by doing your research, you can take the anxiety out of going green and be confident your money was well spent. So, to help you on your learning journey, here are Powerclub’s top 4 things you need to know about solar.

There will be a return on your investment

Not only is solar good for the environment, it’s good for your wallet too. In fact, once you’ve paid off your investment, you can actually make money selling the energy you don’t use back onto the grid. All you’ll need is a battery to store the extra. If that wasn’t enough, with solar panels on the roof, the value of your house will increase. The ability to reduce your energy bills or even earn a profit will bring you benefits both short-term and long.

By switching to Powerclub, you’ll receive the wholesale value of your solar exports. We pay a competitive solar feed-in-tariff (FiT) and at the end of the year, we’ll review your actual wholesale export value. If it’s higher than what you are paid through your solar FiT, which we expect it to be, we’ll pay you the difference. We call this Powerclub’s Annual Solar Bonus.

The sunniest spot isn’t always best

There’s more to consider when deciding where to put your panels than just “where will they get the most sun?” The varying cost of wholesale energy means that, for example, if you install north-facing solar, you’ll reach the highest point of generation around the middle of the day. However, the cost of wholesale energy at midday is often at its cheapest, meaning your solar export will receive the lower wholesale value at that time. And if you install western-facing solar, you’ll reach your highest point of generation in the afternoon.

Wholesale energy prices usually peak between 3pm – 9pm, so if you’re exporting the bulk of you solar during this period, you’ll be paid the highest value. This of course doesn’t apply if you have a solar battery fitted, as you can store your energy to sell back onto the grid when the value is at its peak. Food for thought…

Get help with the costs

It’s not exactly common knowledge, but both federal and state governments are currently offering some decent incentives to go solar. Take a look at the table below to see what support is in on offer in your state.

Don’t get burnt

Whilst there are plenty of good reasons to go solar, there are a few things to be cautious of. There have been cases of phoney solar providers posing as professionals to take advantage of people. The consequences of this can be shoddy work that leads to higher costs in the long-run; poorly installed panels can even be a safety hazard.

Be wary of installation and inspection services offered too cheaply. Do your research before agreeing to business in order to ensure that those you’re dealing with are qualified. Checking that your installer is accredited with the Australian Clean Energy Councilis a simple way to ensure you get the quality you pay for.

Once you’re up and running, it’s a good idea to have your panels officially inspected every now and then. Look after your solar in the same way you would your car. To take care of your investment, we’d recommend you get your system inspected annually. Generally, the cost for a professional check-up is around $150.

It might seem like a lot to take in, but don’t be intimidated – moving towards solar is something to get excited about! If you have any more queries or questions, don’t hesitate to contact Powerclub. We’d be happy to answer any questions that’ll help make your solar journey a sunny one.

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