The economic benefits of solar in queensland

In previous years, Queensland has encouraged renewable energy to reduce emissions, create new jobs and improve the state’s economy. Already, more than 790,000 homes and small businesses across Queensland have rooftop solar, which generates around 4,700MW of clean energy. Queensland has the highest rate of household rooftop solar installations in Australia, with 1 in 3 homes using solar. If you’re thinking about installing solar in Queensland, here are some of the economic benefits.

Reduced electricity bills

Electricity costs can be significantly decreased by installing solar panels on both residences and commercial buildings. Using solar power during the day replaces the need to purchase electricity from the grid meaning you can save money. With the cost of electricity on the rise, switching to solar power can help you lock in lower energy costs for years to come!

Feed-in-tariffs and government incentives

Feed-in tariffs allow you to make money by redistributing extra solar energy into the grid in Queensland, as well as other regions of Australia. This means that you can sell the excess electricity your solar system produces over back to the utility provider, creating a second source of revenue. Additionally, the Queensland Government offers various incentives and rebates to encourage the adoption of solar energy. These incentives can significantly reduce the upfront cost of installing solar panels. Anyone who installs new solar panels in Queensland can claim the rebate, even if you are simply upgrading or replacing an existing system.

solar on melbourne house

Increase home value 

Solar panel installations increase the value of homes and businesses. Future home buyers will view solar systems as desirable investments and therefore, can increase the value of your home. While solar is a costly initial investment, the long term savings are substantial. Over the 20-30 year lifespan of your panels you can save thousands of dollars on electricity prices. Areas in Queensland receive a high number of days of sunshine which makes an investment in solar great for homeowners and business owners to utilise natural resources, save on costs and show commitment to sustainability.

Benefits for Businesses

Solar energy can assist commercial businesses by lowering operational costs and enhancing their sustainability credentials. Furthermore, the Queensland government provides substantial rebates to commercial buildings that install solar panels, making the transition simpler and cheaper than ever. And that’s not all. Solar panels can also increase the value of your brand reputation and reduce your carbon footprint. A smart investment that will save you money and contribute to renewable energy practices. A 10kW solar system is an excellent investment for businesses, as it can effectively meet the energy demands of enterprises and save you money! Visit our commercial solar page for more information. With electricity prices expected to rise by 50% over the next 12 months, there’s no better time to switch to solar. Ausola provides high-quality services, such as the installation of premium solar batteries and solar panels, to guarantee the longevity of your system. Because switching to solar energy requires a significant financial investment, we walk you through every step of the process so you can feel confident in your decision! Invest in Queensland solar and receive the many economic benefits today!