Start Solar Logo
Is Solar a Good Financial Decision in VIC

Why Solar Energy is More Affordable Than You Think

Many homeowners in VIC are held back from adopting solar energy due to the widespread belief that it is expensive. This myth not only leads to higher energy bills but also perpetuates reliance on fossil fuels, contributing to environmental degradation and climate change.

Let’s explore and debunk some of these myths to see why going solar is more accessible and beneficial than you might think.

Myth-Solar is Expensive

One of the biggest myth many homeowners have is this: Solar is Expensive

When our solar consultants speak with many homeowners like you, here what we found (Changed the name of prospects to maintain confidentiality and privacy.)

David, a homeowner in Ballarat, hesitates to invest in solar panels because he believes it will be too costly, despite his desire to reduce his environmental impact.

Similarly Lisa, a resident in Bendigo, is unaware of the financial incentives and rebates available
for solar installation
, leading her to assume that solar energy is financially out of reach.

Across Victoria, many homeowners are unaware that solar costs have decreased significantly over the past decade, making it a more affordable and accessible option for sustainable energy

The flaw in this belief lies in its failure to consider the long-term benefits and cost savings associated with solar energy. By focusing solely on the upfront cost, homeowners overlook the potential for substantial energy savings and environmental benefits over the lifespan of a solar system.

Research has shown that solar costs have fallen by 82% since 2010, making solar energy a more economically viable option for homeowners in VIC. Additionally, financial incentives and rebates, such as those offered by Solar VIC ($1,400 as on May 2024), can significantly reduce the initial investment required for solar installation.

This belief isn’t based on the current economic reality of solar energy.

potential savings and payback period

To challenge this for yourself, calculate the potential savings and payback period, considering the lifetime of solar panels extends up to 25 years – after the break-even point, you’re essentially generating free electricity for decades.

A look at the falling prices and increased efficiency of solar technology proves that solar is not just affordable but also a wise investment.

Have you considered how the investment in solar compares to your current energy expenses? If not, why don’t you speak with one of our solar consultant to discuss it over the phone or in-person meeting.

Certainly, the numbers strongly favour making the switch to solar, emphasising the importance of acting now to maximise returns.


Related Articles

Is Solar a Good Financial Decision in VIC

Is Solar a Good Financial Decision in VIC

The Solar Wave in VictoriaThe Financial Logic of Solar Energy: In today's world, where sustainability meets economic sensibility, solar energy in Victoria is emerging as a wise investment choice for homeowners. The average savings of $1,073 per year on energy bills is...

Grab Your $8,800 Interest-Free Solar Battery Loan Today!

Grab Your $8,800 Interest-Free Solar Battery Loan Today!

Introduction: A Game-Changer for VIC HomeownersHey there, fellow VIC homeowner! Remember those days when we had no choice but to grimace at our skyrocketing electricity bills? Well, the tables have turned, and how! The Victorian Government has rolled out interest-free...

Solar Inverter for your home and properties

Solar Inverter for your home and properties

Solar Inverter for your home and propertiesRegular solar inverters turn DC battery power into AC electricity, but so does solar inverter (off-grid solar inverter). The difference comes in when the input power is from a grid or home appliance. Regular inverters are...