One thing many homeowners do not realise is that their hot water system is one of the leading inflators of their monthly energy bills. But this does not mean that you should stop utilising hot water in your home. In recent years, there has been an increasing interest in solar energy. Even though solar energy has been around for decades on end, it is not nearly as popular as electricity. Admittedly, the initial investment in a solar hot water system may be steep. Nonetheless, this system makes up for this cost in various ways. This piece illuminates just two of the unbeatable advantages of investing in a solar hot water system.
A solar hot water system will slash your household expenses
Running a household is not a cheap endeavour. So while you may be on a limited budget, you find it difficult to tighten your belt since there is always a bill that needs paying. This never-ending cycle can be detrimental to your future, as you may never get to save any money. But this does not have to be the case. One of the easiest ways to reduce your household's overall expenditure is by investing in a solar hot water system.
Australia's tropical climate means you can rest assured that your solar hot water system will be functional for a majority of the year, and since operating it is a fraction of the costs associated with electric or gas heating, you get to have a considerable sum of money in the first year alone. Secondly, you may not even have to pay full price when acquiring this system in the first place. The Australian government offers incentives to convince homeowners to make the switch to sustainable energy and you could end up saving money when transitioning to solar heating.
A solar hot water system boosts your property's value
Your house is likely the most expensive asset that you own. Nonetheless, this does not automatically translate into products if you choose to sell it down the road. A misassumption some individuals make is thinking that real estate is always in high demand when, in truth, the property market tends to experience fluctuations that could devalue your premises. The best way to safeguard against this is to ensure that your house will always be alluring to potential buyers.
Small changes such as repainting the exterior and engaging in household repairs may get possible buyers through the door, but you need to invest in improvements that will make them want to buy the home. And installing a solar hot water system is one such investment. When buyers factor in the long-term cost of owning an electric hot water system, you will find that some are willing to pay a considerable amount more for a solar heating system so that they can save money in the long run and this translates into increased profits for you.
Reach out to a professional who installs hot water systems to learn more.