Posted September 10, 2018 on Australian Financial Review “If you’re a property investor, solar panels are a great way to save on your electricity bills.
They are cheap to install and you can save on the installation cost by paying off the debt and purchasing your solar power equipment,” Mr Lee said.
Solar panels are the most cost-effective way to generate electricity.
They cost less to install than conventional solar panels.
The cost of installing solar panels on a house or property depends on a number of factors, including the location and height of the solar panels, the amount of sun that is reflected back to the ground, the time of year and other factors.
Some solar panels can cost as little as $200 to install, compared to $1,000 to install conventional solar equipment.
Mr Lee says it is easy to find solar equipment for your house or business that is “free” to use.
“For instance, you can get a solar panel for $1 for a couple of months’ usage,” he said.
“You can get it for free or you can pay for it by selling it on for more than you paid for it.”
You can save $500 or more by installing a solar thermal inverter in your home.
Inspectors say solar panels will save you money on your bills when you buy them for less than they cost to install.
“We have been told by solar panel retailers that they are very competitive, and so they can charge you much lower rates on the electricity they produce,” Mr Smith said.
Topics:energy-and-utilities,energy-environment,energy,environmental-impact,energy security,solar-energy,climate-change,energy_and-energy-use,energying-and_utilities-and%E2%80%93-useful-technologies,energy source ABC News (AAP: AAP)More stories from Australia