In this blog, we’ll look at why an increasing number of Melbourne homes and businesses are switching to solar and explore the main benefits of solar energy that you can expect down the road by switching to solar.
Key Advantages of Solar Energy in Melbourne
Solar energy has gained significant popularity in Melbourne over the past decade or so. However, solar power offers numerous benefits that go beyond just saving on electricity bills. Here are six key advantages of solar energy that contribute to a more sustainable future for Aussies.
1. Reduced Electricity Costs and Savings:
One of the biggest benefits of solar energy for Melbourne residents is saving on energy bills. Solar panels generate electricity, reducing reliance on the city’s grid. You will see cost savings in a few years and profit in the long run as most solar panels have a lifespan of around 25 to 30 years. Most Melbourne homes and businesses are grid-tied which means you will be credited for the energy you don’t need and send back to the grid. Recent battery and storage technologies have also made it possible to wipe out your electricity bills altogether.
Additionally, Australia is lucky to have multiple loan options and get government incentives and rebates. Eligible homeowners and businesses can take advantage of Solar Victoria programs to make the switch to solar power even more cost-effective and financially viable for the long term.
2. Environmental Sustainability and Reduced Carbon Footprint:
For many Australians, reducing greenhouse gas emissions and combating climate change are crucial long-term goals and uses of solar energy. By generating electricity from the sun, solar power systems produce clean and renewable energy without any harmful emissions. Modern solar panels are made so that almost all the elements can be recycled. This will not only reduce the carbon footprint of households and businesses but contribute to a healthier environment. Melbourne, known for its commitment to sustainability, has set renewable energy targets to promote the adoption of solar power and other green technologies.
3. Energy Independence and Reliability:
Homeowners and businesses can decrease their reliance on the grid by installing solar panels to generate their own electricity. This ensures a more reliable and uninterrupted power supply, even during grid outages or blackouts. Moreover, net metering allows excess energy generated by solar panels to be fed back into the grid, earning credits or reducing future electricity bills. Self-sufficiency is a valuable asset, which makes it one of the most attractive long-term advantages of solar energy for Aussies.
4. Increased Property Value:
In addition to the direct savings on electricity costs, solar panels can increase the value of residential and commercial properties. Potential buyers are recognizing the benefits of sustainable and energy-efficient homes, making residential solar installations a desirable feature. Real Estate Survey of Australia studies reveal that properties equipped with solar panels tend to sell faster and “85% of Aussies say solar panels boost property prices”. The studies show an increase in valuation up to $6000 with each kW of solar panel installed! This presents a compelling long-term benefit and investment opportunity for property owners in Melbourne.
5. Job Creation and Economic Growth:
One of the most overlooked benefits of solar energy we’ve witnessed over the years is how solar has played a crucial role in job creation and economic growth in Melbourne. As the demand for solar energy continues to rise, there is a growing need for skilled professionals in solar panel manufacturing, installation, and maintenance. Such job opportunities contribute to the local economy of Melbourne and empower its workforce.
6. Community and Social Benefits:
Amongst the many advantages of solar energy, is the benefit to communities, particularly to those that are disadvantaged and do not have easy access to solar energy. Community solar projects involve shared solar installations, which allow low-income households to benefit from solar power, lowering their electricity costs and improving their quality of life. Community and social sharing of solar energy make renewable energy sense in the long term. By reducing reliance on fossil fuels, solar power can help improve air quality and public health even in low-income neighbourhoods.
There are many long-term benefits of using solar energy in Melbourne, including creating a greener and more sustainable environment. From reducing electricity bills to increasing property values and creating jobs, switching to solar makes a compelling solution towards a cleaner and brighter future.
Ask Melbourne’s Solar Experts
Melbourne-based Bespoke Solar is a CEC-accredited solar installation company with a decade of industry expertise and outstanding customer service. We take pride in providing a personal touch and fostering relationships with our Australian customers. We understand that everyone has unique needs and budgets. We will carefully personalise the design and installation of your solar system using quality and affordable products. Every residential and commercial PV system we install offers after-sales support for all your long-term solar solutions. Contact us with your queries and for an estimate.