We all want to reduce electricity costs but this takes some investment. With the price of electricity increasing year on year, changing energy providers can only do so much. Solar power is the most affordable and effective long-term option for reducing bills. Here are some of the basics to think about if you’re considering solar power for your home.
How it Works
Solar panels work by utilising what is called the photoelectric effect. The photoelectric effect was first noted in 1839 when it was realised that certain materials produce an electric charge when exposed to sunlight. In modern solar cells this process occurs within a circuit to create an electric current that can then be used within your home. This current runs to a battery that is charged and used as an electricity store that you can draw from when you use appliances in your home.
Where to Place a Solar Panel
Most people would of course like their solar panel to be on the roof at the back of the home where it is not visible, but this is sadly not always possible. The solar panel may need to be placed on the side or front of your home where it will get the most sunlight and be the most efficient.
How Solar Panels Reduce Bills
Solar panels can greatly reduce your home electricity bills because you may not need to draw from the grid any more. Depending on how much electricity you use in your home, you may need to supplement your solar energy with energy from the grid, but this will only be a fraction of the amount that you drew previously. Many houses are able to become self-sufficient with their energy production however and some even generate a surplus of energy. In this case you can actually sell it back to the grid and make money from your solar installation.
How to Benefit Most From Solar
In Australia there are many benefits to solar panels because there is an abundance of sunlight to utilise. You can make yourself independent from the grid for electricity and set yourself up so that you never have to pay an electricity provider again.
To benefit most from solar you should install a solar water heater as well. This will provide your home with all the hot water that it needs, simply by harnessing the power of the sun. However, solar panels are not just good because of the savings they offer the individual. Solar is a renewable energy source that it not nearly as polluting as other energy sources like coal, so you will be benefiting the environment as well.
Is It Worth It?
There is no doubt that solar panels are expensive, but it is important to consider the benefits before you are put off. It will require a significant up front investment for you to be able to set your home up with solar panels, but you will make this money and more back from saved bills in the long run. Solar panels can last 10 – 15 years so the longer you are intending to stay in your house the more savings or profits you will make.
