Nobody enjoys getting a bill in the mail – let alone a high electricity bill. But that’s the case for many Australians, who have seen a significant leap in electricity prices over the last few years; and unfortunately, the ACCC isn’t predicting a price decrease any time soon.
Harnessing one of the world’s cleanest, natural resources – the sun – for your electricity needs allows you to get the most out of Australia’s cheapest form of power, while minimising the need to purchase electricity, and potentially lower your electricity bill.
Adding rooftop solar to your home allows you to generate electricity during the day while the sun is shining which you can use in your home or sell back to the grid. When the sun’s not shining (like in the evening when most Australians consume most of their power), rooftop solar homes would still need to purchase energy from the grid to keep their home powered. That’s where a battery storage solution would come in, allowing you to store the excess energy your solar system produced throughout the day, to use when it’s needed most.
Use more of your solar and minimise your bills
Feed-in tariffs are lower in most regions compared to previous years, but that doesn’t mean you should discount their effect on your power bill. There are still many ways to get the most out of your solar.
The money you receive from solar feed-in tariffs is likely to be less than the cost of buying electricity. Therefore, shifting some of your loads such as hot water heaters, pool pumps, washing machines and dishwashers to the middle of the day can help soak up your excess solar, helping make you more efficient and decreasing your electricity purchase from the grid.
How can solar storage reduce electricity bills?
When it comes to solar storage reducing the amount on the bill, the answer is fairly simple – the less electricity you need to purchase from energy retailers, the smaller your electricity bill becomes. With solar, there’s a need to purchase electricity from the grid when the sun is no longer shining. However, with battery storage, that need can almost disappear.
By harnessing your freely generated solar power and storing excess energy in a solar battery, you’re reducing your reliance on expensive grid electricity. When the sun goes down or the demand spikes, you tap into your own stored energy, sparing your wallet from rising electricity prices.
Self-produced power never looked so good
Redback customer Loretta isn’t just saving money on her power bills, she’s actually in credit!