Solar energy in Australia is the way to the future. There are just no two ways about it. Though today Australia uses 27.7% renewable energy, this number is, by all accounts, going to increase significantly. The Australian government’s stated goal is to have 40% renewable energy by 2030 and it is only logical that this number will continue to increase to, hopefully 100%. What does this mean for renewable energy in Australia? The answer really is rather simple. It means that there is considerable room for expansion in this sector. Much of Australia’s renewable energy is solar. This should come as no surprise, given that Australia is a bright and sunny country for the most part. Taking advantage of the sun’s boundless energy is only logical for Australia and Australians. Solar energy Australia is not going away any time soon. In fact, it is safe to wager that it is here to stay indefinitely. For businesses planning to shift to solar energy this is excellent news. Not only will solar energy reduce operations costs, it will also, in the current scheme, provide an additional source of revenue through the sale of excess energy production or STCs (for small scale generators). For residents, this means reduced overhead through electricity bills. Solar energy Australia is going to remain none of the nation’s biggest and most lucrative industries well into the foreseeable future.
We at Integra Solar intend to make the most of this opportunity to do our part. Not only are we aiming to drive the push towards solar energy in Australia, we intend on making it as beneficial for our customers as possible. Our plethora of world-class suppliers and maintenance experts, brought to your doorstep, will leave no stone unturned in ensuring that you get the best deals for the most affordable price.
End of the STCs and the Future of Solar Energy Australia
It is only natural that a government plan, once it has reached its intended goals, will be put out of commission once it is no longer useful. However, there is no need for the market to panic or assume that solar energy has seen its heyday. Nothing can be further from the truth. Solal Energy Australia is going to continue to be relevant for both the consumers and the market for decades to come. In spite of the rapid rise in the adoption of solar energy in Australian cities like Melbourne, Sydney and other parts, it is an undeniable fact that most of Australia is still powered by fossil fuels. This is unsustainable. The future is solar.
Why Solar Energy? A Look at Solar Energy Melbourne
So, we know that solar energy is clean and efficient. We know that it reduces the carbon emissions and helps fight climate change, and we also know that it is cheaper than fossil fuels. This is a win-win situation for all involved. But don’t take our word for it, let’s let numbers do the talking. Let us take a look at an example of solar energy Melbourne. In Victoria, the average cost of electricity is AUD 23.272c/kWh. If a small sized system were to generate 18kWh of electricity from solar energy in Melbourne daily, the customer would end up saving AUD 125 per month, or over AUD 1,500 per year. In 2021, and this is unlikely to change for the future, solar energy Melbourne, and by large solar energy Australia, are well worth the investment. These investments do not suffer from diminishing returns either. Modern solar panels in Australia tend to be of the highest quality, and with advancements in technology, solar energy Australia is only going to become more and more efficient and cost-effective. The longer you use solar energy in Melbourne and really, anywhere in Australia, you are going to save money. These savings will only increase over time, as solar panels become more capable.
Solar energy Melbourne currently benefits from an AUD 1,850 rebate. This applies to solar PV systems both for residential units and also for rental properties. An unshaded 5kW panel system of solar energy Melbourne averages at around 18kWh per day of energy production. Such a panel system would cost anywhere from $5,500 fully installed, to $8,500, depending on quality. For customers investing in solar energy Melbourne, the Victorian government offers interest-free loans, but this option is set to expire on 30 June, 2021. If you’re looking to spend money on solar energy Melbourne, now is the best time.
This isn’t to say that the “solar trend” is going away anytime soon. It most certainly is not. This is evident from the fact that tens of thousands of homes in Melbourne have installed solar PV systems in the last few years alone. In fact, 10-20% of Melbourne’s homes are meeting at least part of their energy needs from solar power. This will increase with time, as the Australian government decides to give renewable energy the lion’s share of the industry. Solar energy Melbourne is going to remain a lucrative and beneficial market for both providers and customers. Even if and when the rebates expire, customers cannot go wrong with a solar PV system. Let’s assume for assumption’s sake that solar energy Melbourne won’t be getting any more rebates post 2030 (not a reasonable assumption, but bear with us – we believe that a new scheme of rebates will be announced to replace the STCs once they expire). It still does not change the fact that generating your own power will be the easiest way to reduce overhead costs. And with a vast array of suppliers eager to provide solar panels in Melbourne, there is no indication that the prices of these systems will soar. On the contrary, solar energy Melbourne will remain a lucrative and viable market, even in a worst-case scenario.
Too Much of a Good Thing? The Effects of Solar Energy Australia on the National Grid
One thing to consider is that Australia might just be suffering from a case of “too much of a good thing”. As more and more Australians shift to solar energy in Australia, the National Grid is nearing its maximum capacity. Cheap and affordable energy is flooding the grid, and we may see a situation where there may be an excess of power and not enough output. This brings a few challenges to mind, but also no fewer opportunities. To begin with, it is evident that solar energy Australia is not a fad. It will not be disappearing or even grinding to a halt because of an excess of power. If anything, it is entirely feasible that the Australian government may begin reducing the output of fossil fueled power plants to make way for solar energy Australia to take up an even larger share of the pie. This may also open the door to Australia becoming a major energy exporter. This isn’t a far-fetched theory, given that one of Australia’s largest trading partners is the energy-hungry behemoth, China. Who knows? Solar Energy Australia may end up making its way to Chinese shores as well, opening up another potential source of political and economic cooperation.