What are the financial returns solar power homeowners can expect in Northern Australia?

Are you looking to save money on your power bill and reduce your carbon footprint? Solar may be the solution for you. With an average return of $650 a quarter in the Territory, investing in a good quality solar product could pay off your system in just four and a half to five years. After that, all the power you receive is free energy from the sun.

Compared to putting money in the bank, which may only yield a 2% return on investment, solar can provide a long term return of around 22%. With power costs on the rise, investing in solar not only saves you money, but it's also environmentally friendly. Don't hesitate to make the switch today.

Well generally, most customers want solar. Some people want it as an environmental point of view, reduce their carbon footprint, but generally, a lot of people really want to know how much money they can save on their power bill. I've got solar myself, and every quarter, I look forward to, because I get money back. So, I'm the person that rings up the energy company and say, Can you please pay me the money that you owe me?. You know, power is not cheap, and obviously, during the wet season, it's very, very hot. So, like down south, people spend money on heating. Up here, we use money on cooling. If you look at the return on the value, you're going to make a round about $650 a quarter, coming off your bill. So, if you're a heavy user, well that's what you don't have to pay, and if you're a small user, then you'll get a benefit back, and cash into your bank account, in the Territory at the moment.

Well, if you have a look at investment, like if you put money in the bank, you'd probably be lucky to get 2% return on your money. Whereas if you look at solar, especially if you invest in a good quality product, you've got a longterm of 22% at around about 22% give or take, depending on the way the tariffs are working. But you know, you can look to pay your system off between four and a half to five years. Then, after that, everything else that comes in is basically free power that you've made from the sun.