Should I get solar?

Solar panels can cut bills, earn feed-in tariff income, boost property value, and reduce carbon footprint. Suitability depends on budget, roof, energy use, and local rules.

Deciding whether or not to get solar panels depends on your personal circumstances. However, there are several key factors that you might consider:

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Benefits of solar panels

  1.  Cost savings:
    • Solar panels can significantly reduce your electricity bills by generating your own power.
    • With feed-in tariffs, you can earn money for the excess electricity you export back into the grid.
  2. Environmental impact: Solar energy is a renewable source of electricity with low lifecycle greenhouse gas emissions. By generating and using your own solar electricity (an exporting surplus to the grid) you can reduce your household or business' net carbon footprint compared with relying solely on electricity from the grid.
  3. Energy independence: Generating your own electricity is one way of putting you in control of your energy supply and will help balance your electricity bill.
  4. Increased property value: Homes with solar panels could be more attractive to prospective buyers.
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Considerations

  1. Initial investment: The upfront cost of solar panels can be significant, though you may be eligible for grants, subsidies, and financing options available to help reduce this cost.
  2. Roof suitability: Ensure your roof is in good condition, has the right orientation, and minimal shading. A north facing roof is ideal.
  3. Energy consumption: Assess your energy needs to determine the appropriate system size.
  4. Local regulations: Check local zoning and building codes and obtain necessary approvals.
  5. Maintenance: Solar panels require minimal maintenance, but regular cleaning and inspections are necessary to ensure optimal performance.
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Financial incentives in Tasmania

  • Small-scale technology certificates (STCs): Provides financial benefits that reduce the upfront cost of your solar system.
  • Feed-in tariff (FiT): Pays you for the excess electricity your system exports back into the grid.
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Suitability

If your roof is suitable and you have the budget for the initial investment, solar panels can be a good long-term investment. They can offer financial savings, some environmental benefits, and increased energy independence, putting you in control.

The information in this guide is provided as general information only and is not intended as financial or investment advice. While solar power and other renewable energy systems can be suitable for some households and businesses, they may not be appropriate for every situation. We recommend that you do your own research and, if needed, seek independent advice to determine whether these options are right for your individual circumstances.