Solar Installation For Your Home: Exploring Home Solar Systems and Funding Options in NZ

Imagine nearly doubling the size of New Zealand's residential solar capacity in just one year! That's the reality – as of February 2024, the country has surpassed 400 MW of grid-connected solar power, a remarkable 130 MW leap from its capacity a year ago.

This massive increase just goes to show you how many more Kiwis are switching to solar.

But with various solar systems and funding options available in NZ, navigating the path to home solar can be a LOT of information to take in.

So we’ve created this simple blog to shed light on everything you need to know about installing a solar system for your Auckland home, exploring different system types and financing solutions to empower you to make informed decisions.

Solar Power Benefits

The benefits of solar power for your home are undeniable.

First and foremost, solar panels significantly reduce your electricity bills… a bit of an obvious one right?

But by generating your own clean electricity, you'll rely less on the grid, leading to real financial savings right from day 1. These savings can be substantial, especially with rising energy costs.

Secondly, solar power allows you to make a positive impact on the environment. Unlike traditional energy sources that rely on fossil fuels (especially for us North Islanders), solar panels produce clean, renewable energy. This means you'll be reducing your carbon footprint and helping to combat climate change. As sustainability becomes an increasingly important factor for many Kiwis, installing solar panels can be part of your commitment to a greener future.

There's even a potential financial benefit beyond your monthly electricity bills. Homes equipped with solar solutions can see a boost in property value. This makes solar power a smart investment that not only saves you money on energy costs but may also increase the value of your most significant asset – your home.

Different Solar Systems

When it comes to solar systems for your home, there are three main options to consider: grid-tied, off-grid, and hybrid.

Grid-tied systems are the most common, as they connect directly to the utility grid. This allows you to sell excess solar energy back to the power company and rely on the grid for power when your panels aren't producing, like at night.

Off-grid systems, on the other hand, operate completely independently of the grid, making them ideal for remote locations. However, they require a significant battery bank to store excess energy for nighttime use.

Hybrid systems offer the best of both worlds, combining solar panels with battery storage and a grid connection. This allows you to maximise self-reliance while still having the security of a grid backup.

The best choice for your home will depend on your specific needs, budget and location - all of which we will talk through with you when we do our FREE no-obligation quote.

Funding Options for Home Solar

Making the switch to solar is an investment in your home's future, and thankfully, here in New Zealand, there are several attractive funding options to make it more accessible. One popular option is a green loan from major banks like ASB, ANZ, and Kiwibank. These loans typically offer competitive interest rates and are specifically designed for eco-friendly home improvements, including solar panel installations.

Here's where the Steel seal of Quality from the Sustainable Electricity Association of New Zealand (SEANZ) comes in. Choosing a SEANZ-approved solar installation company like Steel Solar & Electrical ensures your system meets the highest quality standards. This can be crucial when applying for a green loan, as some lenders may offer additional benefits or lower rates for SEANZ-approved installations.

For eligible New Zealand seniors with a SuperGold Card, we offer a 10% discount on the upfront cost of purchasing and installing a residential solar power system. This can be a significant financial boost, making solar power an even more attractive option for retirees looking to save on their electricity bills.

Ready to Join the Kiwi Solar Revolution?

The sunshine-powered future of New Zealand is closer than ever, and with the information in this blog, you're well-equipped to make informed decisions about bringing solar power to your Auckland home.

Remember, the benefits are undeniable – financial savings, a lighter environmental footprint, and potentially even increased property value!

Don't be overwhelmed by the choices!

Our team of solar specialists are here to answer your questions and guide you through the process, from exploring different system types to navigating funding options.

Contact us today for a free, no-obligation quote and let's discuss how solar power can transform your home and contribute to a brighter, more sustainable future for Aotearoa.