Is It Worth It Investing In Solar? blog image

Is It Worth It Investing In Solar?

Going solar means you’re basically installing a miniature power plant to replace that of your utility provider. The people who benefit the most from switching to solar are those with high electricity rates. To figure out whether or not going solar is worth it, you should calculate your current electricity rates versus your potential savings.

Solar power is capital intensive, and the main cost of owning a system comes upfront when buying the equipment. The solar module will almost certainly represent the largest single component of the overall expense.

While the above costs are relatively straightforward ElectricCoolGeraldton can quote a price for these for a homeowner like you—determining subsidies available from the government and/or your local utility can prove more of a challenge.

While many variables impact the cost, savings, and payback of solar panels, the upshot is that they are a good investment in Australia. Typically, solar panel systems will pay back within 5 – 6 years and it is not uncommon for systems to pay for themselves within 4 years.

Solar panels can be a solid investment and save you a lot of money in the long run. Crunch the numbers to see what sort of return you’re looking at and decide whether they’re the right choice for your home with the advice of our solar experts.

✅ Go solar – Zero Deposit

You don’t have to save a deposit or face high payments to go solar. Make the switch today with Electric Cool Geraldton and eligible customers can pay ZERO dollars up-front, with low monthly payments (Check out of Finance options). Save as you go with zero deposit solar.

Scroll to Top

Have a question?

Get a Free Consultation