Putting a solar system on your home or investment property is a great choice and can really add value to your home. We have all heard this statement and commonly it’s followed with another statement: I agree, but how much is it going to cost me? Knowing WHAT to budget for can really help you get a clear indication on what it’s going to cost you.
Solar systems pay for themselves
The most important thing to remember is that the savings that you make on your electricity bill by installing solar will pay for your solar system over time. How long this takes will depend on a few key choices you make in the planning stage.
What do I need to budget and plan for?
There are 3 main things your need to budget and plan for:
1. Solar Panels
The first thing you need to budget for is the solar panels. The most important thing to know is PLACE AS MANY PANELS AS YOU CAN FIT ON YOUR ROOF at the start. The more panels you can put on your roof the more power you will make and the less you will pay on your power bill, decreasing the time taken for the solar system to pay for itself.
In addition to this you will get a higher rebate from the government, reducing the installation cost through the Small-Scale Renewable Energy Scheme. You will get more Small-Scale Technology Certificates (STCs) per panel you install, giving you a higher rebate off the cost of the system. Choosing a mid-priced panel with good warranty will achieve this for you.
2. Inverter
The most important thing to consider when choosing the Inverter is the warranty. Your solar system is going to be on your roof for a long time, so choosing inverters that offer a minimum of a 10-year warranty is a must.
3. Installer
Putting solar on your home or investment property is a great way to increase the value to your asset, but not if it’s done wrong. Choose an installer that has a trusted reputation, is up to date with current legislation and offers you a workmanship guarantee. This is so important as your solar system will be on your property for a long time.
In Conclusion
By making an informed decision and having a well-planned budget, you will be able to choose a great solar system that will pay for itself over time in savings on your electricity bill. I would love to hear from you about how you budgeted for your solar system or if you need any more advice or guidance.
