Global climate change summits and government inducements point the direction for future savings with solar power.

The aerial view of solar panels proliferating on our rooftops foretells the increasing power of solar energy. 

Data analysed by the CSIRO shows that in Australia in 2020, more than 362,000 rooftop solar photovoltaic (PV) installations were issued with small-scale renewable energy scheme certificates under the Small-scale Renewable Energy Scheme. 

How a solar system works

A residential solar system works by converting sunlight directly into electricity. Cost-effectiveness, low maintenance, long lifespan and compact size are some of the major benefits of switching to solar.

Australia has the highest uptake of solar, globally. Clean Energy Regulator data shows that more than 2.68 million rooftop solar power systems have been installed in Australia in total, as of December 31, 2020; this means that one in four homes have solar panels on their roof.

“Australia is one of the sunniest places on the planet. We lead the world in PV capacity on a per capita basis at 591 watts per person, which is almost eight times the worldwide average,” says the Clean Energy Regulator author. 

Science has made renewables cost-competitive with conventional power, letting market forces take over to drive a global transition to lower emissions. 

Savings of solar energy

The cost of installing solar panels is negligible when considering the long-term savings and environmental benefits. 

On average, solar panel installation can cost anywhere from $3,000 to $12,000.

In accordance with the Small-scale Renewable Energy Scheme, households can save up to $4000 off the average solar system with the Government’s Small-scale Renewable Energy Scheme. 

The scheme allows users like you to get paid for the electricity you produce; recover your system cost in around three years; add value to your home or investment property, and insulate yourself from rising energy costs.

Many Australian households are already achieving net-zero emissions; meaning they generate more energy than they consume annually. 

Environmental overview

Using a solar system saves tonnes of carbon dioxide from entering Australia’s atmosphere. It also helps Australia to meet international environmental agreements; reduces the need for new coal-powered power stations; and lowers Australia’s greenhouse gas emissions.

Designs on solar power

Solar power is fast becoming a global phenomenon. Rotterdam’s Het Nieuwe Instituut is set to host the inaugural Solar Biennale in 2022, which will see creatives and scientists collaborate across disciplines to envision a future where everything is solar-powered.  

The Solar Biennale seeks to create a vision of an alternative “solar revolution”, in which everyday items from furniture to accessories and buildings are equipped with photovoltaic cells.

What this means is the humans who use them are able to meet their own energy needs rather than relying on electricity funnelled in from faraway fields.

Thanks for reading.  Wishing you a successful day.

Home values in our market have gone up 14.6% over the last 12 months. See what the rise has done to your home value today!

Want to know what’s happening in the market in real time? Ask Matt to explain the real time data available in the monthly publication of the Ray White NOW book.
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