How to Increase Payback and Return on Investment?

Have you ever wondered how to boost the payback and ROI from your solar investment? It’s possible, and here’s what you need to consider.

Currently, purchasing electricity from the grid can cost around 25-40 cents per kilowatt depending on where you are and the plan you are on. While the feed-in tariff is approximately at best around 12 cents per kilowatt. This means you save more by using the energy generated by your solar system instead of buying from the grid.

While it’s true that feeding extra energy back into the grid can yield savings, using your solar-generated energy directly during the day (when it is being generated) is even more financially beneficial. For those with batteries, utilising stored energy at night instead of relying on the grid can further enhance your investment.

What you can do to Maximise your ROI

1. Optimising Solar Energy Usage

To use energy that has been generated from the solar panel system, during the day , when the sunlight is hitting your solar panels. Limit using energy from the grid during these times. If you use a lot of energy during the night time, try to think of creative ways to move that consumption during the day with the use of timers or invest in energy efficient appliances that have built in timers. There might be an investment involved in doing so but if you can do it will reduce the cost of your battery outlay when you decide to do that.

Easy step to save energy and money from water

2. Proactive Maintenance for Cost Reduction and Performance Optimisation

Taking good care of your solar system is also important. This means less repairs, which lowers costs and makes your investment better. Monitor your system regularly and make sure it looks like it is producing as expected. Undiagnosed down time will cost you on your electricity bill and as a result impact your return on investment. Be sure to periodically visually inspect your panels to check for any damage to cables or cracks in isolators and switches.

Get More from Your Solar and Save Money

3. Check out different energy prices to make sure you’re getting the best deal.

We are still offering free electricity bill Saving Check

we will analyse it for you and let you know who to change to and how much you will save! 

On average you can save $200-$500 per year, but there are instances that you can save up to $700 or $800, it depends on your energy usage and how much you feed into the grid. If you already have solar power

How? Just click here