How Solar Works
As a connected world, our increasing energy consumption has us in need of other energy sources and with the sun our biggest and most powerful asset, Nectr enhances our most valuable energy resource. Switching from traditional power to solar power offers positive benefits to the broader community and more direct financial benefits for the average homeowner.
Taking inflation into account, real electricity prices increased 100.9 percent on average in the ten years to 2019, and prices are anticipated to rise in the coming years. The average homeowner in 2020 can already expect to pay $3,081 per annum on their power bill. On average, solar can save you up to 60 to 80 percent off your current electricity bill, and more if your system size allows.
When you crunch the numbers, the savings from your power bill can cover most, if not all, of your solar system repayments, creating a positive cash flow investment for your household.
However, to achieve the long-term benefits of solar and be confident in your investment, it’s important to install a system with quality products that have extended warranties, through accredited and trusted suppliers who can support you for the life of the system.