You can bank on solar power to reduce costs at home or at your business as the price of electricity continues to soar.

Master electrician and managing director of Solar Power Direct, Paul Maiolo, says solar power is a great option for homes across the world and it’s making more sense to go solar as the price of electricity keeps going up.

“Not only is there still a rebate available, but the standard price of solar power is likely to reduce as the growing industry sees more investment from businesses around the world,’’ he says.

Although the government rebate is phasing out on a sliding scale for grid connect solar installations and due to end by 2031, there are still rebates available to help consumers reap the benefits.

Paul says the current rebate available for a 5kW grid connect solar system is about $3600. Minimum buyback payments for solar electricity offered by retailers that consumers put back into the grid, vary between 11c and 18c per kW hour. But it’s best to contact your retailer to see what they will offer you, Paul says.

For most homeowners, maximising their investment in solar power is about consuming as much of the electricity they generate as possible. Solar Power Direct is the renewable energy arm of P-MEC Electrical, an established SA electrical business that has been servicing homes and businesses for the past 18 years. Paul is an accredited master electrician and Solar Power Direct has its own crew of qualified electricians who have successfully installed more than 3000 solar systems since 2011.

He carefully selects products that have a solid reputation for long-term reliability and peace of mind for customers. “We are confident in our ability to execute the work to the highest standard of quality and integrity,’’ Paul says. “We offer a no-obligation free consultation with one of our renewable energy consultants, who will discuss the current electrical usage for each property owner and advise which system would be most suitable based on their specific, energy consumption.’’

Solar Power Direct offers leading brand products including Hanwha Q-Cells, Jinko, Canadian Solar, GCL, Fronius, SMA and Zever Solar.

It also offers a solar repair, checks and maintenance service to all homeowners, irrespective of the original installer and is accredited by the National Clean Energy Council.

Their staff can explain solar and storage benefits, changes to rebates or answer other questions related to solar power so give them a call this week.