At Sovereign, we understand that many people in a residential setting want to utilise renewable energy.
However, the large upfront costs of solar often become a barrier to these potential users. Fortunately, we’ve forged exclusive partnerships with four finance companies which specialise in the renewable sector; thereby eliminating price as a deterrent.
These partners offer specific financial products for solar energy investments; which streamlines the application process. Plus, our customers don’t have to make an initial down payment!
When making the switch to solar power, homeowners must decide between three system options; grid-connected, hybrid or off-grid. Each system type has different benefits. The consultants at Sovereign Solar take into account your personal circumstances to recommend the system best suited to your needs.
Grid Connected Solar Systems
Typically, most suburban homes will remain connected to the main electrical grid, connected via power lines; which is usually operated by government-owned corporations, like Energex. Being connected to a grid gives homeowners a sense of security, because in the unlikely event their solar equipment fails, they still have access to electricity, via the network.
Australia’s electricity system utilises alternating current (AC); whereas solar PV panels generate direct current (DC). As a result, an inverter is required for all residential solar systems to convert the power from DC into AC, before it can be employed by appliances within the home.
The inverter also transmits any surplus energy, produced by the solar system, to the mains network. The resident receives payment or credit in the form of a feed-in tariff, for this excess power, which is utilised by power stations before being distributed to other connected homes.
Hybrid Solar Systems
Some residences opt for a hybrid system, which is connected to the grid, but also incorporates a battery. The battery stores excess power generated by the solar panels during the day, to use at night. So the household may not need to pay for any electricity use, beyond the power their system produces! Therefore, Hybrid systems offer households an element of independence from the National Electricity Market (NEM) and its corresponding networks. This is a popular option among properties such as Mogill, Bellbowrie and Ashgrove; which are prone to being cut off from mains electricity during natural disasters, like floods. A battery can act as an emergency power supply (EPS), to keep selected appliances via nominated sockets, like your fridge and freezer running during a mains power outage.
Off Grid Solar Systems
Many residential property owners consider the notion of going off-grid – being completely independent of any electricity network, relying solely on the power generated by their very own solar panels to be quite romantic! However, this exclusive reliance on solar PV panels does usually necessitate the additional purchase of a backup generator. This will ensure an uninterrupted power supply (UPS), as the generator will kick in if the solar energy has been exhausted. Generators can produce and store several days worth of energy; however this comes at a significant cost. Therefore, Sovereign Solar recommends only particularly remote properties, like farms in far north Queensland, install an off-grid solar system. for example. For these households, the cost of a generator is often minimal in comparison to the cost of connecting to the grid. This is because the required infrastructure doesn’t already exist in these secluded locations. As a result, connecting to the grid can cost the resident in these cases approximately $750,000!
Making Solar Power Affordable For Australia
Sovereign Solar partners with industry financial service providers, including Classic funding Group, Brighte and Certegy to ensure every Australian household can afford solar power!
Pay nothing upfront when you secure a loan to own, monthly repayment option with one of Sovereign Solar’s exclusive financial partners.
Show your most recent electricity bill to one of our Sovereign Solar consultants. We can help you assess your household’s current energy consumption and evaluate the potential return of a solar system investment.
The Benefits of a Home Solar System
A Solar Installer You Can Trust
The global benefits of solar energy, both environmental and financial are clear. But how do you know if solar is the right choice for your home? At Sovereign Solar, we have devised a pre-solar checklist for our customers, so you can enjoy confidence when making decisions about residential solar energy.
- Do you own your home?
If so, then congratulations – you are already a step closer to securing solar power. If not, find out if your landlord is interested in solar energy. It is still possible to install a solar system as a tenant, if you obtain permission from the landlord.
- Does your roof receive adequate sun exposure?
Significant shading throughout the day from surrounding trees or taller buildings can affect the productivity of solar PV panels. If you are unsure, the consultants at Sovereign Solar can visit your property to provide a free assessment.
- Is there ample room on your roof for panels?
Smaller buildings, such as townhouses, or homes with chimneys may have limited space on the roof, to position the solar panels at the most efficient orientation.
- Have you analysed your existing power bill?
It is important to evaluate your average electricity usage, prior to making the switch to solar, to calculate the potential energy savings of your household. The breakdown in an electricity bill differs between retailers and consequently can be tricky to understand. Speak to a Sovereign Solar consultant to receive a free energy bill assessment.
- Which type of solar system do you need?
Depending on your location and budget, either a grid-connected, off-grid or hybrid solar system will be more accessible and efficient for your household. If you are unsure about which system to choose, contact a Sovereign Solar consultant for free expert advice
- What feed-in tariff is available to you?
The feed-in tariff you receive for excess energy exported back to the grid is ultimately set by your electricity retailer. It’s a good idea to shop around for the best deal, as FiTs are not necessarily mandatory.
- Do you own your home?