Solar Panels: Are they really all they are worth the money?
My wife and I were recently forced into retirement due to medical issues. So, in an effort to try and save money on living costs, we decided to invest a chunk of our superannuation payout in solar panels. We shopped around and chose a reputable company whose quote was middle of the road and suited our budget. The company looked at our electricity bills over the previous 12 months and advised us of the number of panels we would need to elevate our most expensive quarterly bill, which was around $900.00. In other words, we would never have to pay an electric bill again or we could even receive a credit.
So, $12,000 later our new panels were up and running.
You can imagine our disappointment when our first full solar period bill arrived and was a staggering $600.00, a far cry from free.
We approached our electricity company and asked them to review it. They did so and, of course , it was correct. They did, however, agree to review our rates and advised that they could save us $60 per YEAR by giving us a discounted rate and all I’d have to do was to phone their office and talk to one of their representatives. Big thrill! It’s not worth the hours on hold waiting on the end of the phone listening to boring on hold music in my opinion.
To that end, and whilst I appreciate that it’s not the electricity companies fault, I still can’t help but feel ripped off.
Has anybody else had a similar experience?