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A survey at the World Environment Day festival at the Sunshine Coast University by Alexander Kohl from SolarPay.com.au confirmed informal research.
Even people who are concerned and interested in conservation initiatives do not realise that many green initiatives can be cost effective.
While 74% had considered solar hot water as an energy saving measure, less than a third has taken action.
The major hindrance was cost (55%) with a further 11% wanted to continue using the current electrical system until it broke down.
Alexander Kohl says “Australians cannot spend a lot of money to be green, even the ones most interested in sustainability.”
“In Brisbane, the Gold Coast and the Sunshine Coast there are 450,000 freestanding houses that are owner occupied. If every one of those took action, we could avoid 27 Million tonnes of CO2,” stated Alexander Kohl.
Alexander Kohl says: “By communicating with the core group of environmental leaders, we hope to start a buzz on the Sunshine Coast that steers away from acting environmentally out of guilt and instead turns it into the only smart way to act.”
Solar hot water is highly efficient, low cost and green. Over the life of the system the user is up to $12,000 better off compared to an electric system.
At the same time, 60,000kg of CO2 is saved. That is 25% of the average household emissions or equivalent to taking a small car off the road.
When many of the attendees learnt that it was possible to put in a solar hot water without any upfront costs and then use the electricity savings to repay it, they got interested. Depending on the individual situation, they could save between $300 and $700 on the electricity bill each year.
To make it easier, NAB has partnered with SolarPay.com.au to provide an instant online finance package that makes it is possible to stay cash-flow positive.
A small number of interviewees (5%) were concerned about the reliability of solar hot water. The technology has been around since the 1950. It is well matured and highly efficient. It converts over 80% of the sun’s energy into hot water.
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