Australia receives an incredible amount of sunlight throughout the year, and so does NSW. Hence, more and more homeowners and businesses in NSW, especially Newcastle, are utilising solar power from the abundant sunlight. And many have already shifted to solar energy systems from the grid electricity system.
As of May 2021, NSW tops the highest number of solar panel installations with a whopping number of more than 100,000 solar panel installations.
If you are contemplating whether going for a solar panel system will benefit your home or business in Newcastle, we are here to help you. Here’s everything you need to know why choosing solar power in Newcastle is a smart choice.
Average Solar Power Generation in Newcastle
The amount of sunlight that hits the solar panels during the peak sunlight hours determines the amount of electricity it generates. A normal rooftop in Newcastle receives an average of 5.3 peak sun hours a day throughout the year. It means you can make maximum savings on your electricity bill when you fully consume the solar energy produced in the peak sun hours.
If you install a 5kW solar system, you will generate 26.5 kWh of solar energy (as per 5.3 peak sun hours), whereas an average household consumes just 19kWh of energy per day.
The amount of solar energy generated per day will vary depending upon the peak sunlight hours and other factors. When solar panels convert sunlight into electrical energy, they lose some energy as heat. In addition, the placement and orientation of solar panels also affect the performance and efficiency of the solar panel systems.
Typically, in Australia, north-facing panels produce the maximum amount of solar energy with a 15% efficiency loss. Nevertheless, they will still make significant savings and provide energy independence from the grid.
How Much Can You Save?
The amount of money you can save from installing a solar power system depends on three factors. It’s your energy usage, location, and the size of your solar system. It also changes with different weather conditions and seasons. Summer and winter months see the highest energy consumption rate depending upon the cooling and heating system usage.
If you are installing a new solar energy system, firstly, you must assess your average daily energy consumption. You can do this by checking your electricity bills. Also, if you are considering the financial benefits from feed-in tariffs, bear in mind that there are no feed-in tariffs for new solar panel installation in Newcastle and NSW.
Analysing these factors will help you choose the right solar power system that reduces your electricity bill. You can also completely offset your electricity bill by installing a solar battery system. It enables you to use your own saved energy at night and during power outages. If you are not sure, your solar installer can help you choose the right solar system for your home or business in NSW.
NSW Solar Rebates and Incentives
The residents of Newcastle, NSW, benefit from solar incentives that the federal government offers— through the Small-Scale Technology Certificates (STCs). These STCs are tradable certificates that you can sell to save you as a discount on the solar panel installation cost.
The number of STC you will receive depends on the size of your solar system and the location. The sunnier area you are, the more STCs you get. For instance, a 5 kW in Newcastle will receive a rebate amount of $2,870.
Have more queries? For more information on solar panel installation and cost in Newcastle, contact our expert team of solar installers in Bila Energy.
