Solar power is one of the most important energy resources in the world today. Solar energy can fulfil the exceeding requirement of energy in every country. Australia due to the country’s dry climate and latitude is one of the strongly focussed countries for solar power. The Australian government provides various funding proposals for installing solar power panels for both residential and industrial purposes. One of the major advantages for solar power production in Australia is that it has got 330 days of sunshine each year, and hence rooftop solar panels are getting popular nowadays.
Benefits of sharing electricity
Many people in Australia hesitate to install solar panels due to various reasons like high cost, shady areas surrounding their premises, rented house, etc. However, to overcome these issues, one can consider the new idea of sharing the solar energy panels with their neighbours.
This innovative scheme will help the residents to overcome the high electricity cost. This method encourages energy sharing in which each and everyone gets an opportunity to sell the excess electric energy produced from their solar panels installed in their home. Using this method of sharing electricity, the neighbouring residents can get electricity at a cheaper cost. This type of solar energy sharing system can ensure cryptographically secure transaction of energy. Here, the source of electricity, the path by which energy is transmitted and the users of this energy can easily be tracked. In addition to this, adding more users to this network will not be a tedious task. This kind of decentralized system will help to build some independent energy units that can fulfil the energy requirements of various residential and industrial sectors.
How to make energy sharing more efficient?
To store the excess energy, individual solar units or houses can install larger batteries depending on their production. Retailers can collect these energy stored batteries and can use them at the needed time. However, some of the issues related to the excess energy storage are the high battery cost and lack of centralized measuring mechanism for the energy consumption. Apartments and shopping centre owners can install solar panels, and the produced energy can thus, be shared with a lot of users at a much cheaper cost. There are also a few companies like Eurosolar backing this new trend, who are going all out for their customers to make this happen (Eurosolar reviews, company profile & more). This type of energy sharing method has created a revolution in Australia.
There are many local start-ups that provide funding for installing solar panels in a specific residential area and users around this area can share the produced electricity from the solar panel. This type of initiative will help satisfy the increasing requirements of energy. Solar electricity is one of the natural energy resources and hence it is free from pollution and is cost effective in the long run. Sharing of solar panels provide a big opportunity for retail customers and other merchants for partnership business with co-ownership.
Shared solar will be a big boom in the energy industry in Australia. Sharing of solar panels can ensure lower bills for customers, and it also provides other business opportunities. Shared solar panels will create a new era of localized community-based energy utilization with the natural resource. This can be considered as a major democratization of electrical energy.