If the 2025 election results are anything to go by, Australians may have rejected nuclear power but are clearly growing in their support for renewable energy alternatives. Rooftop solar, for example, continues to increase in popularity in regional and metro areas across the country.
According to data from the Clean Energy Council, the total number of registered rooftop solar installations in Australia has reached over 3.7 million[i]. This number continues to grow with state and federal governments providing incentives for households to install solar and battery systems to reach energy targets.
The solar payback period is the time it takes for a solar panel system to generate energy savings that are equal to its installation cost. (I.e. the time it takes to offset initial costs in the form of cheaper energy bills.) Currently, the average payback period in Australia is around 3-6 years, depending on things like your location, energy consumption, as well as system size, cost and quality.
But solar energy is becoming even more cost effective – with state and federal governments offering rebates and feed-in tariffs that can significantly reduce upfront costs.
For those who own property, rooftop solar can reduce energy costs over the long-term and even boost property value – making the property more appealing to potential buyers and/or tenants seeking to cut energy bills or reduce their carbon footprint.
Seeking professional advice before Investing money in your home or investment property can help ensure your decisions align with your values and your budget.
For financial advice when future-proofing your home or investments, call me at Align Financial: (02) 9913 9995.
[i] Australian Energy Council, Solar Report – Quarter 1, 2024. Available online at https://www.energycouncil.com.au/media/fydjqofh/australian-energy-council-solar-report-q12024.pdf
