The amount of money your household will save on power bills by going solar is affected by a number of factors, including:
- Your energy consumption and the size of your solar power system – if you use more power than your system is capable of producing, your savings will be reduced. This can be avoided by choosing the right-sized system for your needs.
- Your feed-in tariff – this is the amount your electricity retailer pays you for any excess power your solar panels generate.
- Your usage patterns – solar panels can only generate electricity while the sun is shining. This means that households that use a lot of power during the day may attract greater savings than those that consume most of their power at night. However, you will still receive a feed-in tariff for any excess electricity you generate during the day.
- Where you live – some areas of Australia receive a lot more sunlight than others, so a solar PV system in Brisbane will usually generate more power than one in Hobart.
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