Retirement is something we should all be planning for.
Whether it’s five years away or fifty, at some point we to kick our feet up and reflect on a life well lived.
However, it’s a sad fact that everyday Australians are getting crushed under the ever-bloating cost of living pressures.
Increasingly, this pressure comes in the form of a mammoth power bill in your letterbox.
When you’re 25 a lean week might mean skipping a night on the town. At 65, it might mean skipping dinner.
The last thing you want is for your golden years to be tinged with the sort of struggle you worked so hard to avoid.
So here are some of the biggest reasons solar is a great retirement investment.
Solar can help protect your retirement savings
One of the biggest reasons you should be considering solar is the savings.
Once you reach retirement there’s a decent chance you’ll be spending a lot more time at home chilling.
More time spent at home means more time using all the electrical appliances you’ve collected over the years.
This means you could be in for some shocking power bills.
Here’s the flipside.
In Australia, we have some of the best conditions in the world for optimising such an abundant natural resource.
Despite this, a lot of people don’t take the time to consider installing a high-quality solar system.
A 5kW solar system can generate anywhere from 18-25kWh of electricity every day.
With that extra electricity either powering your home or being fed back into the grid, you will be making savings on your electricity usage.
And if you’re using less electricity your bill should be smaller.
This will help you keep from dipping into your savings every time a bill shows up in the mail.
Your golden years are for enjoying your life, and so are your retirement savings.
No-one on earth would call “paying a massive power bill” something they look forward to in retirement.
So investigating getting in on the solar game is definitely worth it.
Solar is a genuine investment
In addition to just saving you money, solar could actually help make you money.
The return on investment from solar can vary from place to place, but some figures have shown some excellent results.
According to the Australian Solar Index, the average annual return on investment can be pretty sizeable.
Even the lowest annual return they have on record is 9.5%, in Hobart. Whereas the highest annual return they have is 21.8% in Townsville.
Major centres also offer some nice return on investment. Sydney is an 18.9%, Brisbane is at a mighty 20.2%, Adelaide is nearly as much with 19.1%, Perth pulls in 17.9% and Melbourne is at 13.2%.
As far as returns on investments go, this is an insanely good interest rate.
Approaching retirement? Snag the sharpest rate you can
If you’re retired or approaching retirement installing some high-quality solar panels is a great investment.
However, depending on the size of the system, you install you could still be looking at a meaty power bill.
That’s why it pays to compare retailers.
We have helped over 30,000 Australians find sharp rates on their residential or business electricity.
If you’re interested in saving on your power bill give us a call today.
Our brokers are passionate about finding the best deals and helping out the retired is a major focus of ours.
You really don’t have anything to lose by calling, so pick up the phone and dial 1300 232 848 today!