How Solar Power Reduces Electricity Costs Fast?

Currently in most states in Australia, Solar Power is an easy solution to reducing home or business electricity costs.

With NET METERING installed, your solar power plant will supply you with the electricity you use under the roof, during the sunny hours of the day virtually for FREE!

YES, when you generate electricity with your solar pv system and use it in real-time, you reduce your normal electricity costs fast.

So What Can You Save?

Maximum savings possible in New South Wales from a 2 kW solar system offsetting daytime 'sunny hour' electricity usage charged at 30 cents per unit, can result in approximate energy savings of $850 per year.

Now that is a possible $210 off each quarterly electricity bill!

By offsetting the electricity costs directly, you will further save more each year as the costs rise. This fact helping you to pay off your Solar Power System quicker!

When power generated by your Solar PV System is not used in real-time, it is fed back into the grid to further help reduce the cost of purchased electricity.

And if you really want to get your head around the power used, imported and exported then it would be a smart idea to install an electricity consumption and solar power monitoring solution. Where you have 24/7 realtime feedback with ongoing analysis, of both your electricity usage and solar pv system's output. 

Visit our ONLINE ELECTRICITY MONITORING page, where we make the task of getting your data online, very easy.

This blog post and podcast brought to you by Aussie Home Energy, a major player in the HOME ELECTRICITY REDUCTION SERVICE industry in Australia.

Australian Home Electricity Usage Versus Cost Analysis

Whilst an Australian electricity provider may like to show you, the electricity usage breakdown on the bill, make sure you understand the cost breakdown as well. The usage breakdown is often supplied by the provider, with no cost breakdown.

Seeing low usage for peak electricity, may make you think you are doing well, trying to keep electricity costs down. This can be a false sense of security though! We have worked out the cost breakdown for you, to show you how only a small increase in peak electricity usage can make a big difference to the quarterly electricity bill!

As you can see the shoulder usage is similar to the shoulder costs as a percentage and as much of this as possible should be shifted to off-peak use. The low off-peak tariff, whilst having 40% usage rating, actually costs you little at 23% of the bill. Whereas the peak electricity usage whilst low at 13%, is actually costing you 31% of the bill. Remember it is possible to save a lot off the electricity bill by reducing peak electricity usage. Converting more usage during the shoulder or peak periods, to off-peak will further save you.

More information on this usage versus cost analysis, can be found on our HOME ELECTRICITY INFORMATION AUSTRALIA webpage.