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Discover the advantages of adopting solar power for your home with Alex.Bank. From savings on energy bills to contributing to a greener environment, delve into some of the reasons why investing in solar energy could be a bright idea.

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As energy prices increase1 and environmental sustainability takes centre stage, the prospect of investing in renewable energy, particularly solar power, becomes increasingly appealing.

The evolution of solar energy systems in recent years has made them more accessible, affordable, and adaptable to various home designs and energy needs.

Here are some reasons why you might consider making the switch to solar power:

Solar Power Can Help You Save on Your Energy Bills

Transitioning to a renewable energy source like solar power can be a strategic move to regain control over escalating electricity bills. While the initial investment in a solar system might seem substantial, the energy it generates can lead to significant savings2.

By producing your own electricity through solar panels and a battery, you can not only reduce dependence on external providers but also gain access to feed-in tariffs (FiTs)2 for surplus energy fed back to the grid.

Solar Power Can Reduce Your Home's Carbon Footprint

In an era where sustainability is a strong consideration in home design and renovation, solar panels emerge as a popular solution. By harnessing solar energy, you can diminish reliance on coal-generated electricity and gas, contributing to a reduction in carbon emissions. A 10kW solar power system, for instance, can save approximately 12 tonnes3 of carbon emissions annually.

Given that Australian households are responsible for more than 18 tonnes4 of greenhouse gases per household per year, adopting solar power can be a meaningful step toward environmental responsibility.

Solar Panels Can Add Value to Your Home

While the upfront cost of installing a solar-power system can be considerable, it represents a long-term investment that can substantially enhance your home's value. Research indicates that sustainable features such as solar power can sell for 4%5 more than comparable homes without solar power.

With the confidence of reliable energy, reduced energy bills, and inherent sustainability, a solar-powered home can become an attractive proposition for potential buyers.

Solar Energy Systems Are Considered Highly Reliable

According to experts, Solar panels rival or surpass traditional roofing materials in terms of durability6. With a minimal 0.5% annual failure rate6 and some warranties extending by up to 30 years, these panels can offer a secure, long-term investment. Paired with batteries, they ensure a consistent power supply, even on overcast days.

In conclusion, investing in solar power for your home is not just a financial decision; it's a commitment to a sustainable and environmentally conscious lifestyle. With the numerous benefits ranging from cost savings to contributing to a greener future, solar energy is a powerful choice that brightens not just your home but the world around you.

Important information

The content on this page is general information only, it is not intended to be advice or a substitute for professional financial advice. It does not take into account your situation, needs or objectives, you need to consider whether it’s appropriate for your situation and if you should consult professional advice. You should assess whether an Alex Bank personal loan is the best product based on your needs and situation and read the fine print, terms and conditions and compare different personal loan products on the market or seek professional advice. The material in this blog, may include views or recommendations, which do not necessarily reflect the views of Alex Pty Ltd and is not intended to indicate a commitment to a particular cause or ideation.


1 IPART, 1 July 2023 Electricity Price Increases, date accessed December 2023,,around%205%25%20to%2010%25

2 Finder, Solar Power Payback Calculator, date accessed December 2023,

3 Australian National University, How to neutralise your greenhouse gas footprint, date accessed December 2023,

4 AHURi, New social housing will be more energy efficient, but older houses are still costing us dearly, date accessed December 2023,

5 Venergy, Does Solar Increase Property Value, date accessed December 2023

6 Solar Flow, Is solar Energy Reliable?, date accessed December 2023,,Since%20solar%20energy%20was%20widely%20used%2C%20it%20has%20consistently%20outperformed,drastically%20reduce%20monthly%20power%20bills.