With electricity prices continually increasing, many householders and businesses are struggling with the burden of paying much higher bills, and this is causing financial stress that could be reduced. There are many energy efficient measures that you can use to reduce your power usage.

In the case of businesses and homes with a high usage though even some of the best practices to save energy will not alone be enough to greatly reduce your electricity expenses. The key solution is investing in energy saving devices and renewable energy systems that offer long term solutions and a guaranteed ROI (Return on Investment).

Top 3 Best Investments

Solar Panel Systems – Whether for business or home use, rooftop solar PV panels is so far the most cost effective renewable energy alternative available in the market. Costs vary depending on the system size that you choose but in general the prices of solar panels halved over the past few years, 

and you will get the best cost return if you pay a bit extra now for a system which will come close to eliminating your current bill. The payback period varies between about 5 to 7 years but the long lifespan and reliability of solar systems over 20-25 years means you will enjoy great savings for a long time.

Another strength of the technology is its ability to be scaled in size depending on your needs, homes can install small systems and businesses can be fitted with larger systems, both of which may be able to be connected to your local electricity grid (depending on you signing a contract with your local power provider, and varying state regulations as to the maximum size allowed)

Solar Hot WaterSystems – Australians uses enormous amount of hot water, and heat pumps and other electricity powered heaters are high electricity consumers. Solar Hot Water systems, particularly the most efficient evacuated tube models, are a very cost effective way to produce almost all your hot water needs.

Like solar panels, solar hot water systems have a guaranteed ROI over time, you can even qualify for government rebates up to $1000 just by replacing your old electric heaters.

Power Optimisers – This unit is a device that protects your electrical systems from fluctuations in power supply and surgesthat often result to energy wastage. The unit harmonizes your electrical system together with all your motorised and electronic equipment to promote optimum performance and maximise every watt that they consume. Power Optimisers are designed for very high energy using businesses (bills $2000- $3000 per month min), have a payback guarantee of 1 to 3 years and can cut these large energy bills by up to 15%.

Aside from energy savings the unit can also prolong the lifespan of your equipment, motors, and appliances by protecting them from harmful surges and electrical imbalances.

Investing in energy efficiency solutions like the 3 above offers long term financial benefits, helps reduce your carbon footprint and increases the value of your home or business, have you made the switch yet