When to consider going solar: Solar energy is becoming more and more popular all over the world. In New Zealand, one of the sunniest countries on earth, it's becoming an increasingly compelling proposition for homeowners and businesses alike. But when is the right time to make the switch?
Signs It's Time to Go Solar
1. Your Electricity Bills Are High
The higher your electricity bill, the faster solar pays itself off. If you're spending more than $120–$150 a month on electricity, solar is likely to deliver an excellent return on investment. At $200 or more a month, the case is compelling.
2. You Own Your Home
Solar makes most sense when you'll be at the property long enough to enjoy the payback period. However, even if you plan to sell, solar typically adds more to property value than it costs, particularly in the current market.
3. You're Spending Time at Home During the Day
Solar generates most electricity between 9am and 4pm. If you or family members are home during this time to use that electricity, your self-consumption rate is high, maximising savings. If you're out all day, a battery can store the excess for evening use.
4. Your Electricity Retailer Has Just Increased Prices
A dramatic price increase from your retailer is a clear signal that the energy market isn't working in your favour. Going solar insulates you from future increases.
5. You're Building or Renovating
Installation is easiest and often cheapest when incorporated into a new build or major renovation. It also avoids the disruption of a future installation.
6. Power Prices Keep Rising
Electricity prices in New Zealand keep climbing, and competition between retailers has made solar buy-back plans more generous than ever. Every month you wait is another power bill you can't get back. The sooner your system is on the roof, the sooner it starts paying for itself.
Is There Ever a Wrong Time?
The most common reason people delay going solar is the perception that technology will keep improving and prices will keep falling. While this is true to some extent, every year you wait is a year of electricity bills you pay unnecessarily. The best system is the one installed today, not the slightly better one that might be available in 3 years.
Start Today
EFS Solar offers free site assessments and no-obligation quotes. Whether you're ready to commit or just exploring options, we're happy to help you make an informed decision. Contact us today.