Every year, more and more New Zealanders are choosing to install solar power systems into their homes and businesses. Some choose solar because they want to reduce their impact on the environment, others want to reduce their reliance on their utility company, and some just want to cut their electricity bills.
Regardless of your reasons, a solar power system provides a high return on investment, whether that’s in saved costs or increased value. These are just a few of the reasons why.
Once installed, solar power immediately starts providing you with cost-saving benefits, reducing your reliance on the power grid and cutting your utility bills. But it does come with some up front costs.
Depending on the size of the system installed, a ZEN energy solar power system can cost anywhere from $8,000 for a basic residential grid-tied system right up to $30,000 for an advanced system that can save even more money from solar.
Solar panels can either generate electricity that a home or business uses directly, reducing utility costs, or it can export some (or all) of that energy back to the grid. This exported energy is then paid for, the exact amounts depending on the local solar buyback rates.
The amount of energy generated from solar power varies depends on several factors, including:
Every kilowatt of power saved or sold reduces utility bills or offsets their costs. Research from 2016 has shown that the average household in New Zealand saved just shy of $640 a year by investing in solar power. Five years have passed since then, and solar panels have only become more efficient and less expensive in that time.
The return on investment from solar isn’t just how much you save or how much you sell. Solar power has a host of other benefits that prove how huge a return on investment it can have.
Solar power offers huge benefits to homeowners and businesses who choose to invest. It lowers costs, improves value, provides social proof for businesses and ensures that your home and/or business can keep running no matter what is happening with the main power grid.
Are solar panels a good investment? We think the answer is clear.
For more information, get in touch with the ZEN Energy team to discover how much you can save with the right solar panel system.
"It’s been great. We have noticed savings from the very start, the wine was nice I won’t lie. Our bills are 40-50% less."
"I was skeptical about the savings at first, we are now saving over 50% on our power bills, summer ones have dropped from $450 to $200 and winter has gone from $660 down to $320. We are happy with how persistent Jake was, the results are great"
“Pretty good I am a country bumkin so pretty good is pretty good, our winter bills have dropped from $400 – $260 & summer from $130 down to $60. I have been recommending ZEN to anyone who asks”