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Solar Secure
by on June 1, 2021
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One reason why solar energy is widely being seen as the more viable option for Australian businesses and households is the payback period. The payback period essentially refers to the number of years taken for the total savings to outnumber the total costs of the solar panels, including installation. Total savings translate to the avoided cost of consumption, coupled with revenues received from the feed-in tariff. The total price includes the initial investment along with the time value of money. https://www.solar-secure.com.au/blog/payback-periods-for-different-solar-system-sizes/
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