Why you should use energy from your solar panels to save money

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Published March 27th, 2019 by Reposit Power

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Why you should use energy from your solar panels to save money

Electricity is so wired in our everyday lives we barely notice it – until the bill comes in.

A lot of things have changed in the last few years when it comes to solar power in Australia. Whether you’ve been a convert for a while or are just getting into the game, it is important to work smarter, not harder and ensure your system is optimised for savings.

 

A brief history of solar power and feed-in tariffs

Once upon a time, there were state-based incentives for sending your solar energy to the grid: over 30 cents per unit of energy or kilowatt per hour (kWh). Back then, many households may have only been paying 20c/kWh to purchase electricity from their providers, so sending solar to the grid delivered the biggest savings.

Solar energy systems were about four to five times more expensive when they first hit the scene meaning bigger bill savings were needed for solar to make economic sense. These days, 2 out of 8 million Australian households have solar panels, and most will be paid very low rates for excess solar energy regardless of regulated minimum rates.

 

Use your energy when you’re not at home – and save because of it

These days, any electricity that you do not use during daylight hours is automatically sent back to the electricity grid and is worth very little to you. The smarter thing to do is keep as much solar energy as possible in your home, by powering your appliances at off peak times. This is known as solar self-consumption, and it is important to ensuring you are getting the best return on your energy.

Smart home technology is a great way to connect and monitor all the devices and systems in your home. You may be unaware that solar energy falls under that umbrella too – meaning alongside a solar battery storage unit, you can self-consume using your smart technology.

Download the ultimate solar battery guide  

Recharge your energy savings with Reposit

Reposit can connect with your smart home technology so you can turn on your power-hungry appliances when you’re not at home, saving both energy and money.

Reposit does this by learning how and when your household uses energy and how much energy your solar system is able to generate on sunny days, accounting for cloud cover and humidity in advance. Using its learnings, Reposit can automatically turn on appliances that have high energy. Reposit will also turn off appliances once they’re done or when you’re no longer using solar generated energy.

Using its knowledge of when and how your household uses energy, Reposit, will store the electricity generated from your solar panels in your battery for you to use at peak times and tell your battery to buy and store electricity in off-peak times. But, here’s the clever part! Reposit will only pre-charge your battery if we’ve predicted you won't generate enough solar power to cover your household energy needs.

Reposit customers also enjoy the added benefit of GridCredits®, a unique ‘currency’ and solar battery feed-in tariff. You get GridCredits® in exchange for selling your stored solar energy back to the grid. The amount you get depends on your location, electricity plan and the size of your solar set-up. GridCredits® are worth $1 each, and you can also use them to reduce your electricity bill.