Get the most out of your tax return by investing in solar power and enjoy years of financial benefits!
Many Australians are expecting a tax return around this time of year. People often use this money to pay bills, go on vacation, or treat themselves. But before you hit the shops, consider a smarter option: investing in solar panels. Solar power can save you money for years to come, putting more money back in your pocket in the long run.
Why Invest in Solar?
Immediate Reduction in Electricity Bills
Many people use their tax return to pay off their utility bills. However, investing in solar power can significantly lower their electricity bills for years to come. Instead of relying on the grid for all your power, you can generate your own electricity with solar panels. Solar can reduce your monthly energy costs by up to 70%. The Mid-West region of WA is one of the best locations to install solar panels in Australia and maximise your savings.
Long-term Return on Investment (ROI)
While the initial cost of solar panel installation may seem high, the long-term savings far outweigh this initial expenditure. At Geraldton Solar Force, we guarantee that your solar system will produce enough energy in its first 10 years of operation to save you over $1,000 off each year’s electricity bill. We also offer various finance options to help you pay off your solar installation with the savings produced by your system. Once your system is paid off, those savings are essentially pure profit.
Solar Incentives
There are also Federal and State Government solar incentives that can help make solar panel installation even more affordable. This includes the WA solar rebate and Distributed Energy Buyback Scheme (DEBS). Government rebates and buyback rates for solar panels decrease every year. The sooner you install a solar system, the more you’ll benefit from these financial incentives.
Increased Property Value
Some people use their tax return to upgrade their home. While renovations can increase your property value, they don’t match the benefits of solar panels. Installing solar not only increases your property’s value but also saves you money at the same time. A 2022 survey showed that potential home buyers are willing to pay up to $10,000 more for a home equipped with solar [1]. A solar PV system is an asset to your home or business and adds to the overall value of your property.
Make this tax season the smartest one yet. If you want to maximise your tax return and invest in solar, contact Geraldton Solar Force today for an obligation-free quote.
[1] Does solar increase property value?, Origin Energy
