Solar panels and battery storage systems can be an effective way to reduce your energy costs and save money. In this essay, we will discuss how solar panels and battery storage systems work, and how they can help you save money in the long term.
How do solar panels work?
Solar panels work by converting sunlight into electricity. The panels are made up of photovoltaic cells, which are designed to capture the energy from the sun and convert it into direct current (DC) electricity. This DC electricity is then converted into alternating current (AC) electricity, which can be used to power your home or business.
The amount of electricity that a solar panel can produce depends on a number of factors, including the size and efficiency of the panel, the angle and direction of the panel, and the amount of sunlight that the panel receives.
How can solar panels help you save money?
- Reduced electricity bills
The most significant advantage of solar panels is the reduction in electricity bills. When you install solar panels on your home or business, you can generate your own electricity, reducing the amount of electricity you need to buy from the grid. This can result in significant savings on your electricity bills.
- Government incentives
The government provides incentives for households and businesses to install solar panels. The most significant of these incentives is the Small-scale Renewable Energy Scheme (SRES). Under the SRES, households and businesses can receive a rebate for the purchase and installation of solar panels. This rebate can significantly reduce the cost of installing solar panels, making it more affordable for many Australians.
In addition to reducing your electricity bills, solar panels can also generate income through feed-in tariffs. A feed-in tariff is a payment that you receive for the excess electricity that your solar panels generate and feed back into the grid. This excess electricity can be sold to your electricity provider, providing you with additional income.
How do battery storage systems work?
Battery storage systems work by storing the excess electricity that is generated by your solar panels. The stored electricity can then be used to power your home or business when your solar panels are not generating enough electricity, such as during the night or on cloudy days.
The amount of electricity that a battery storage system can store depends on the capacity of the battery. Battery storage systems come in a range of sizes, from small systems designed for households to larger systems designed for businesses.
How can battery storage systems help you save money?
- Increased energy independence
One of the main advantages of battery storage systems is increased energy independence. By storing the excess electricity generated by your solar panels, you are not reliant on the grid for your energy needs. This can be particularly important in areas where the grid is unreliable or where electricity prices are high.
- Reduced energy costs
By storing the excess electricity generated by your solar panels, you can reduce your energy costs. When your solar panels are not generating enough electricity, you can use the stored electricity from your battery storage system, reducing the amount of electricity you need to buy from the grid. This can result in significant savings on your electricity bills.
2.Reduced peak demand charges
Peak demand charges are charges that are applied to your electricity bill during times of high demand, such as during hot summer days when air conditioning usage is high. By using stored electricity from your battery storage system during peak demand periods, you can reduce your peak demand charges, resulting in further savings on your electricity bills.
3.Increased energy security
By using a battery storage system, you can increase your energy security. In the event of a power outage or other disruption to the grid, you can continue to power your home or business using the stored electricity from your battery storage system.
Solar panels and battery storage systems are an effective way to reduce your energy costs and save money. Solar panels once installed are sure to give you a great return on your investment and help reduce your carbon footprint at the same time.
Call us at Austra Solar today for a free quote and start saving!