The power bills in Victoria have been constantly swelling for the past six months now. The electricity prices are expected to further shoot up by 21% in the coming year. This quarter, the Consumer Price Index (CPI) increased 1.8%. The CPI increased 7.3% in the twelve months leading up to the September 2022 quarter. This has reduced our purchasing power and only made it tougher to manage funds.
We are all struggling to maintain and keep track of our budgets. All these extra little expenses are plummeting our savings. Considering you paid on an average $500 every quarter for your electricity bills earlier, now you might be paying $550 for the same amount of electricity consumed. In the coming months of the New Year it might reach $570.
How can investing in a solar PV system help reduce monthly expenses?
Solar PV system is an investment for the long term that yields fruitful results over the lifespan of it. No, we are not just making that up, we will discuss certain figures below to prove the point:
Considering your quarterly bill is $500 and you reside in Melbourne. On an average Melbourne receives 6-7 hours of sunlight every day which sums up to 2190-2555 annual sun hours. Let’s suppose you installed a 6.6kW solar system in Melbourne, it shall help you slash your power bills by 50-80%. You can save up to $900-$1500 annually with a solar PV system.
Assuming a 6.6kW solar system costs you $5000 in Melbourne (the prices are not fixed and vary based on the location and specifications of the property). The system shall pay for itself in 3-7 years of time, providing you sustainable electricity for the rest of the period. Let’s suppose the system pays for itself in 7 years, you could still save $16,000-$27,000 over the lifespan of a solar PV system. Are you still wondering if you should install a solar power system or not? We have got you covered! It’s here! Black Friday Sale!! Solar Miner offers quality solar systems with 25 year warranty and easy payment plans with exclusive solar battery packages. Secure the best price for a 6.6kW solar system at just $3991 in Melbourne. Offer lasts till the stocks last. Call our team now!
Why should I install CEC approved solar products?
It is recommended to install CEC approved solar modules, solar inverters and solar batteries at your property. Solar Victoria states “All solar systems installed under the Solar Homes Program and Solar for Business Program must be listed on the Approved Products Lists below to qualify for a rebate in order to guarantee the safety, effectiveness, and dependability of the systems installed”.
Solar Miner offers Tier 1 listed CEC approved solar products backed with 10 years of workmanship warranty for peace of mind.
Why should I choose a CEC approved solar retailer?
It is recommended to get quotes from CEC approved solar retailers only in Victoria. Solar home program ensures protecting the customers and increasing solar industry standards. When looking for solar quotes online make sure to connect with a CEC approved solar retailer only in order to claim solar rebates and get quality services and products
Solar Miner is the most preferred solar retailer in Victoria offering top rated solar products at the most competitive prices. Solar panel rebates are available of up to $1,400 plus the option of an interest-free loan. Claim your Victorian government solar panel rebate now with Solar Miner! Speak to our team to check the eligibility.