A 5kW Solar PV System Installed by Red Giant Solar in Beacon Hill, NSW. 2018
Some good news after all…
Most Sydney-siders are struggling to keep up with the cost of living in one of the world’s fast growing cities, and one of the biggest contributors to those struggles is unfortunately the increasing price of electricity bills. Electricity retailers in NSW have been driving up the price of power so quickly, that today’s price per Kilowatt easily surpasses those of 2 years ago by at least 30%. The scary part is, they won’t be slowing down anytime soon.
On the other end of the spectrum, are those reaping the benefits of Solar PV systems which they installed to future proof their homes, and pockets, from these unrealistic hikes. And it makes sense why.
Only a handful of years ago, the price of Solar panels was quite expensive while electricity prices were still somewhat moderate. Nowadays, due to the demand and oversupply of Solar PV Panels on the Australian market, buying a Solar system in Sydney has never been more affordable. The average price of a 5kW system is now only a 3rd of what it used to cost less than 10 years ago, and the good news is, it will not affect the price much whether you have a single phase or 3 phase power supply to your home.
Another contributor to driving the price of Solar PV Systems down is the government rebate, which is still readily available for Sydney homeowners and quite generous too. If you purchase a 5kW Solar System for example, which is the most commonly installed Solar panel system in Australia, the overall price is then reduced by applying STC’s (Government Rebate). This rebate on a 5kW Solar System works out to be worth around $3500. So if the Solar system costs $9000, you can get it now for $5500.
There are very few investments that have a return as rewarding, and with a payback as guaranteed as your own Solar system.
Many clients of Red Giant Solar who had their Solar panel systems installed at the beginning of 2018, have now seen their bills reduced by 100’s of dollars, and will soon have their systems entirely paid off while offsetting their daytime electricity consumption from the grid.
Enough is enough with the ridiculous charges on electricity bills as there has never been a better time to take the reigns back off your electricity retailer, and generate your own free electricity. Find out how we can help you invest in Solar power for your home by getting in touch with Red Giant Solar today!
