Why are energy prices surging in Australia?
There is not one single factor that has caused energy prices to soar in recent times, but rather a combination of major geopolitical conflicts, the combating of a global pandemic, extreme weather and struggling stock markets. Unfortunately, these are not isolated issues and instead have major implications and flow on effects impacting many business sectors and industries.
An example of these implications is that of the energy sector being hit hard on account of the war between Russia and Ukraine. The issue here is the stigma attached to the purchasing of Russian goods, and therefore there is less desire for Russian Gas. Unfortunately, Russia is the world’s second largest gas exporter and due to the refusal to purchase from them directly it is putting strain on other countries to increase their exportation of the natural resource. This issue has become extremely prevalent in Australia and has resulted in supply shortages and increased costs which Australian consumers are paying for.
All you need is daylight and some help from the expert team at Exceed Solar
How to combat the energy price surge, and why now is the time to act.
Making the leap into solar energy can be likened to the popular Chinese proverb “The best time to plant a tree was 20 years ago, the second-best time is NOW.”
Whilst there are many reasons to convert from traditional electricity over to the ‘bright’ side of solar, these 4 reasons are the most time sensitive and prevalent.
1. The Home Battery Scheme is ending September 1st !
The Home Battery Scheme is a subsidy program available to all South Australians, worth up to $2,000! If required, low interest rate loans are also available to assist in paying for a new home battery or solar panel system too. However, all good things come to an end, come September 1st this amazing incentive will stop, so don’t miss out!
2. Electricity prices are unlikely to go down in the foreseeable future!
Unfortunately, SA households have been hit with yet another cost-of-living blow with electricity bills set to be increased by hundreds of dollars a year. With little warning, the Australian Energy Regulator has set this increase to commence from July 2022. This begs the question; how much higher can they increase these prices and how much longer can this go on for? Well, sadly it seems that prices are unlikely to go down anytime in the foreseeable future, so it could be a good time to invest in a cleaner, more affordable, reliable power source like Solar.
3. Cost of living is projected to continue increasing
The cost of living in Australia has been increasing at an unpredictable and unprecedented rate with no end in sight. As interest rates, groceries, fuel, rent, and bills continue to rise so too does the pressure and stress surrounding personal finances. If only there was a way to add some stability to these costs.. Well, there is. Australian families can take back some control over unpredictable and increasingly expensive electricity bills by investing in a solar system to future proof their homes and reduce and stabilise any electricity charges.
4. The sooner it’s installed the sooner you benefit
Going solar is an investment that provides more than just energy:
- Financial stability through the reduction of energy bills
- Government rebates and incentives
- Increased property resale value
- Environmentally friendly and is a green, renewable energy source
- The money you save on your electricity bill can be put towards the initial cost of the solar system, and once that has been paid off you’ll effectively be making a return on your investment