Episode 33 – Power me up! – A guide to managing your energy bills with solar power

Finance Hour on J-Air

Ever wondered if it is worth installing solar panels on your roof? Then this week’s show is compulsory listening.

My guest this week is a Matt Russell of GStore – a superstore in Malvern East which has a wide range of products including solar power panels, water tanks and hot water systems designed to make greener, more energy efficient homes. Matt specialises in solar power panels and gives an honest take of the financial and environmental issues associated with this emerging technology .

So if you feel as ill as I do when you see your electricity bills or are looking for ways to reduce your carbon footprint, you are sure to benefit from listening to this week’s show.

“The return on investment is probably around 6 years on a good quality solar system depending on how people use power in the home. – Matt Russell

“There is still a $3,000 government rebate available and solar technology has halved in price” – Matt Russell

“Energy bills are becoming a larger portion of household expenses, particularly for retirees” – Reuben Zelwer

Today on the Finance Hour Podcast:

• The motivation for people installing solar panels, environmental, financial or both?
• Why you need to be conscious of when you use your power (day or night) in order to maximise the benefits of solar panels.
• The importance of due diligence as to where and how your panels are manufactured.
• How you can sell your excess power back to the grid.
• Why you need careful advice of where to position the solar panels on your roof.
• Matt’s 3 tips for managing electricity bills.

And be sure to listen to my “Propellerhead of the week” which is about an underutilised alternative to Foxtel, Netflix and Stan.

Mentioned Resources:

• Gstore
• Dion Epstein Linked In profile
• SBS on Demand

Thanks for tuning in!

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