A portion of the energy generated in New Zealand comes from burning fossil fuels like coal, which in turn creates greenhouses gases, air pollution and damage to our landscapes from mining. Solar PV is an environmentally friendly form of energy generation which reduces CO2 and the effects of climate change.
In addition, a large amount of energy is lost in transmission when sending energy around New Zealand’s energy network. Solar on Otago homes and businesses (local generation) reduces these losses.
Other Sustainable Solutions
Solar Electric Technology also offer wind generation, hydro generation and solar water heating. We can design and install either a grid tie, off grid, domestic water or pool heating system to suit your energy requirements and budget.
Power Generated by 3kWp Solar PV System in Central Otago
- 12 ReneSola 250 panels
- 3 kW EnaSolar Inverter
- This Otago solar PV system has produced 1436 kWhs since being installed in March 2014, saving around $400 on the owner’s power bills based on the current power prices.
Situated at latitude 46°, solar power in Otago makes a lot of sense as the more energy your solar system will generate for your home or business means more financial savings.
Each year, power prices increase. Combined with a big drop in price, solar is now a financially sound option.
By going solar, you can lock in lower rates for power. While the cost of electricity increases with time, your solar PV will deliver more and more savings as you tap into the free power of Otago’s sun.
Increased property value
The electricity savings from solar panels translate directly into an increased home resale value. The U.S. Department of Housing and Urban Development states that home values raise an average of $20 for every $1 reduction in annual electricity bills.
This means that if you generate $1,000 of electricity per year, you can increase your home value by $20,000. The value of the home solar system also increases over time. As electricity prices continue to rise, a homeowner’s energy savings will also. Otago can expect to see similar market values for solar in coming years as New Zealand follows the U.S. and E.U. lead in adopting low carbon technology.