The general intriguing nature of man and the growing costs has turned to the focus on the energy that is replenished naturally. The renewable energy which comes from natural resources such as sunlight, wind, rain, and waves amount to 16% of global final energy consumption. Of all the natural resources, the conversion and application of sunlight which is in abundance into power has been in the forefront.

The Solar Power Systems

The conversion of the sunlight into electricity either using photovoltaic or through concentrated is called as the Sunpower. The existence of Sunpower has been a major breakthrough for the industries and other commercial purpose that has a humungous requirement of electricity and has greatly reduced their electric costs.

Residential Solar Power Systems

The solar power systems are not only restricted to the industrial and commercial purposes but also there is a growing trend of residential Sunpower systems. The Australian residential Sunpower systems have sort of created a history in creating an eco-friendly village at Witchcliffe, near Margaret River, Western Australia.

Residential Solar Power Solutions

The residential solar panels solutions can be provided in two ways:

1) Solar Thermal Energy: With this way, the panels are arranged in such a way the rays of sun is passed through and insulated in a confined way so there's no escape of heat. This method can be used to heat water for our residential purposes.
2) Solar Electric Energy Systems: In this process, the solar panels convert the sunlight into electrical energy and can be used for all electrical appliances.

Benefits of Residential Solar Power Systems

Even though there are more number of people opting for installing the solar panels in their homes for the obvious reason of reducing their electricity costs, yet the cost of the panels still pose as a challenge. But when installed once, the residential solar panels solutions can save up thousands of dollars annually. The Governments are also keen on utilizing the natural resources and to encourage in the investment of the solar panels, there are plethora of subsidies and tax reductions introduced. In lieu of the same, now many financial institutions have also come forward to offer loans at low rates.

Financial Incentives of Australian Residential Solar Power Systems

The government of Australia has taken an assortment of corrective measures to encourage the installation of residential solar panels solutions. The introduction of incentive schemes like Solar Feed-in Tariffs (FiTs) and solar rebates have truly boosted the solar industry in Australia.

There are also many 'solar communities' that is being formed to enable the purchase of solar panel systems in bulk so as to bring down the cost of solar panels. Queensland has become the pioneer in such solar communities followed by Townsville and Mackay. These communities are not only beneficial for the residents but also for the electrical grids which have thin lines and could be easily overloaded.

In summary, there is a growing intensity in gaining the benefits of residential solar panels solutions.