Have you considered upgrading or enhancing your existing solar system? In this article, we go over the key reasons many of our customers opt for the replacement of their older systems.
Benefits of upgrading your solar panels
Opting to upgrade your current solar power system presents a range of advantages. Most commonly, upgrading means increased energy efficiency and cost savings over time due to more efficient technology and equipment.
An issue with older panels is that they are difficult to replace if one is to fail or break. In the current landscape, it is difficult to get solar panels 250W or below, due to manufacturing. Therefore, customers are constrained to facilitate different sized panels on their roof. This not only detracts from the visual appeal but also poses challenges during the installation process, creating potential issues in terms of both functionality and aesthetics.
You could be saving even more with an upgraded solar system. Solar Panels today are undoubtedly more efficient than panels from 10 years ago, providing you with an even better return on your investment. With today’s solar panels boasting a capacity of 400W and beyond, the advantage lies in requiring fewer panels on your roof to maximize energy output.
Upgrading your Battery System
Battery storage integration is another key factor in the upgrade of older systems. By storing excess energy in batteries, you gain the ability to utilize it during periods of low sunlight or even in the event of a power outage. During times when your solar panels are not actively producing electricity, such as at night or during overcast days, the stored energy in the batteries becomes a valuable resource. This will also increase energy independence from the grid.
44 Cent Feed-In Tariff
The 44c FIT ends July 1st, 2028. With a 5kW solar system most customers are saving between $2000 – $3000 per year on their power bills. A brand-new Solar System with all new warranties could be paid back in 2.5 – 3.5 years.
Most solar owners will want a Battery for their home when the 44c FIT has ended. You will require a modern solar system to charge this battery.
Many solar systems that are still receiving the 44c solar Feed-in Tariff (FIT) in Queensland are now 12-14 years old. While panels come with a 25-year performance warranty, the inverter rack and rail are now well out of warranty.
Customers have had their inverter fail and weigh up, paying up to $2500 to replace it and still have old panels or replace the entire system. Most battery storage systems come with a 10-year warranty.
You can find information on Tariffs here.
Preparing your system for an Electric Vehicle
Recently purchased an electric vehicle and noticed the solar consumption increase? Up to 50% of households will have at least one Electric Vehicle within 8 years. Given this surge in EV adoption, it becomes crucial to ensure that your solar power system can meet your household’s evolving energy demands, especially as the 44c Feed-In Tariff (FIT) expires.
Quality solar systems contribute to sustainability and serve as a practical solution to charge your electric vehicle. Upgrading or expanding your existing solar system ensures that you can continue to harness solar energy for your household needs.
Government Rebates and Grants
If you are thinking of upgrading your system, now is certainly the time. Various grants and rebates are available across Australia. These rebates can significantly reduce the cost of purchasing and installing a solar system. Depending on the eligibility criteria, you can find information on rebates here.
The 2024 Battery Booster program is available to Queensland households with new or existing rooftop solar systems. You can get back $4000 off the price of a battery for your existing setup.
Product Warranty vs Performance Warranty
Product warranties cover any issues with the panel stemming from manufacture, while the performance warranty refers to the actual solar cells’ performance and how well they convert sunlight into electricity for your home. Warranties are an important consideration to take in when upgrading, as well as it is important to understand the different types.
- Product Warranty- This covers the physical defects in the solar panel. Examples are the frame’s construction, delamination, and reduction in the insulation resistance. Essentially, the manufacturer warrants that the solar panel will not physically fail or fall apart. Depending on your system, Older Panels typically have 10 years, while newer panels generally have 25 years.
- Performance Warranty- This warranty can be covered longer and refers to actual solar cell performance. This will detail a standard decline over a period of time. The industry standard is 25 years in warranty.
Solar maintenance is important for the longevity and efficiency of your system. To find out more about a solar health check, click here.
How we can help
Horan & Bird started in 2004 and has built one of the longest-standing solar companies in Australia. We have over 30,000 customers and have won Master Electrician of the Year five times, along with Australian Small Business of the Year in 2012.
Not all companies are created equal, which also applies to solar companies. That’s why choosing a company with experience is essential, so you can be sure your system is installed correctly and will last for years.
Furthermore, we understand that each solar journey is unique, and our approach is tailored to meet your specific needs. Whether you are a homeowner looking to enhance your energy resilience or a business aiming to meet your corporate social responsibility initiatives, we are dedicated to customising solutions that align with your goals.
Your energy needs will change over time, and you may need to consider adding to your existing system to sustain your power output as consumption grows. For information surrounding the replacement or upgrade of your existing solar system, contact us here.
Founder of Horan & Bird. Director of Master Electricians Australia and Board Member of Solar Accreditation Australia. John has played a key entrepreneurial role in the transformation of the Energy Landscape in Queensland.
