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Solar Panels: Yay or Nay?

So it’s time for some upgrades.  The goal is to add value to your home, reduce the effort required for maintenance, and generally make things more liveable.  You’ve got the rain gutters set, you have your leaf guards installed, what’s next?

Well, it depends on how much you’d like to invest in your home.  Really, though, it depends on how far forward you’re looking.  Do you want a next summer solution, or a solution that will make things better for the entire life of your home?  For next summer, just make sure that the gutters are well kept, that there are no leaks, and that your screens are in place.  You’ll be saved the hassle of cleaning the gutters in the fall, and your roof will have the least impact from pests and water damage.  That’s big.

But say it’s the family home and you plan to stay there for some time.  What can you so to make the home more sustainable for the long run?  Simple answer here: solar panels.  By installing solar panels you’ll reduce electricity and heating costs, improve the life of your roof, and generally make life more liveable.  After all, after you’ve paid back your home, what’s your biggest expense?  Electricity.  And what if you could cut this expense in half?  Or eliminate it altogether?

To be sure, it’s going to cost you to install solar panels and power storage units.  And the subsidies Australia currently provides won’t pay back your investment for at least a couple of years.  However, if you want to do an upgrade right now and you’re ready to drop the chunk of change required, then there’s nothing better.  The thing is, you’ll have power when the grid drops out.  Plus, you’ll be saving money when in years before you’d have power as a constant expense.

When it comes right down to it, what’s better than free, uninterrupted power for the life of your home?  The life of a high-quality solar panel is longer than you and I will be around to see, so if you’re worried about planned obsolescence, worry no more.  A single pricey upgrade in one year means that you will eliminate electricity costs for the next couple of decades with almost no maintenance costs.

One of the things that make solar panels more attractive in the current financial climate is the rising cost of power.  It’s an extra expense to get a battery installed, but it will save you heaps in the long run.  So, you’re looking at between three to eight years to earn back your investment.  But, if you plan to upgrade the house anyway, then there’s nothing better than to upgrade it in a way that saves you money in the years to come.  To tack some numbers on this so that it lands a bit, consider Nick Pfitzner.  He’s the first Aussie to set himself up with solar panels and a Tesla Powerwall battery.  Before the installation, his power bill was $660 a month.  Afterwards, he was paying $50 a month.  Think about how that would change your day-to-day expenses.

So in the end, it comes down to whether you want to stay where you are, and whether or not you want to foot the expense in the moment.  If you’re thinking for the long run and you’re there to stay, it’s a no-brainer.

Just a tip from KKG Sydney Leaf Screeners.  If you’d like any more tips and tricks on upgrading your roof or getting set for the fall, give us a call.  We’re happy to help in any way we can.

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