Solar Seniors: Why Going Solar Makes Sense for Retirees
Updated: Jun 18, 2019
While heading towards the end of working life, it is understandable that people approaching retirement would like to reduce costs to enjoy other aspects of life. By viewing a residential solar system as an investment strategy, it is possible to heavily reduce or even earn credit from solar installations. With Federal and Victorian rebates still available, going solar could be an affordable investment strategy for retirees, while also helping to preserve the environment.
Retirees and those planning retirement usually look towards low-risk investments to supplement their post-working lives. In this sense, going solar is a smart option. Unlike other investments, solar systems return steady and continuous returns. It is important to go with a solar company like Spectrum 29 who will guarantee a system’s optimal performance levels over an extended period of time, meaning your returns will be reliable.
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Increasing Electricity Costs
Australian Electricity costs have been increasing regularly each year and this trend looks likely to continue. One way to protect yourself from future increases is to install a solar system and reduce your dependence on energy retailers. By generating your own electricity, rather than buying from your retailer, you can protect yourself from unpredictable rate increases for the lifetime of your solar energy system.
Increased Property value
By installing a residential solar system, you are essentially increasing the desirability and value of your property. Much like in the 20th century when electric and gas homes became more desirable than fireplace-focused homes, properties with solar systems already installed will make your property more desirable in the real-estate market.
The availability of a functioning solar system on a property appeals to buyers who would like to go solar for the same reasons you did. As technology improves, it is reasonable to expect that there will be further improvement in the efficiency of solar systems in the future. Having an installed system makes it easier to prepare for these eventualities and upgrade if desired.
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As most of the energy is harnessed from the sun during the day by solar systems, it is beneficial if this co-aligns with the homeowners electricity utilisation habits. Fortunately for retirees, the majority of the electricity used by them occurs during the day. Unlike those who are working, retirees will not have to receive the majority of their electricity from the main-grid when it is dark, thus increasing the potential savings and credits.
We find that many retirees that we have helped to go solar have done so from an environmental preservation perspective. In light of increasing fossil fuel prices and their negative impact on the environment, it is important that we look towards sustainable forms energy for the future.
Your switch towards solar could help in the preservation of the environment over the course of the system’s life-cycle as there is minimal impact on the environment when harnessing the suns energy.
Contrary to popular belief, there is no noise pollution from the actions of a modern solar system, nor is there air pollution, so going solar makes sense from an environmental point of view.
Go Solar with Spectrum 29
At Spectrum 29, we install systems that come with extended warranties, meaning you don’t have to worry about system performance; you can just enjoy the sun. In addition to the future value you’ll enjoy when you go solar, you can rest assured that we will guide you through the entire process, from clear explanations of how a system can work for you, to getting your full rebate.
To learn more about what a solar power system can do for you, contact us for your FREE QUOTE today.