Let’s face it; choosing solar panels for your home can be overwhelming. Especially if you don’t understand how solar energy works in the first place! While there are pages and pages of information on cost analysis, best products and solar savings, it can be daunting for a solar newbie looking to install panels at their home.
That’s why we’ve created this expert’s guide to solar systems for your home – to help you start accessing solar power without all the confusing jargon. From how it works to how it can save you money, what it will cost and how to find the best deal for you, this guide will cover all the nitty grit details to home solar power.
On this page, we’ll cover:
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How does solar power work in Australia?
To generate solar power, you’ll firstly need a solar system. In Australia, solar power systems typically consist of two components – solar photovoltaic (PV) panels and an inverter. The solar panels work by collecting sunlight which activates solar cells and produces electrical currents. These panels are generally mounted to the roof of a home in order to maximise sun exposure.
After the panels have produced electrical currents, it is then up to the solar inverter to convert this electricity into a current that can be used in the home. Appliances and the like generally require AC – alternating current – electricity, but the electrons collected within a solar panel are in DC – direct current – form. Once the electricity has been converted, it can then be fed into a home for general energy usage, or sent back into the grid in exchange for a solar feed-in tariff (FiT).
How can solar energy save me money?
There are two main ways in which solar energy can help you save money – through being less reliant on the grid and earning credits through a solar feed-in tariff. By generating your own energy, solar power in the home can help to reduce the amount of electricity required from the grid needed to power things like appliances, lights or heating and cooling.
This in turn, could help to lower your electricity bill, as you are no longer sourcing a portion of your power from the grid. If you are on a time of use tariff, you may even benefit from more savings on your bill if you reserve your generated solar power in a battery and wait to use it at a time when usage rates are at their peak.
You can also save money with solar by exporting any unused power back into the grid in exchange for a solar feed-in tariff (FiT). This is a credit that’s paid in cents per kilowatt hour (kWh), which is credited on your energy bill. While solar FiTs have been declining recently, there’s still value in exporting solar power back into the grid, especially if you look into a solar-specific energy deal which generally offer a higher FiT rate. Keep in mind, however, that these high FiT plans may be concealing higher usage rates, which may cancel out any savings, so …….