The new IKEA household item launching today that can slash a family-of-four’s electricity bill by as much as $1,500 a year

The new IKEA household item launching today that can slash a family-of-four’s electricity bill by as much as $1,500 a year

June 10, 2020
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IKEA has launched a new range of solar panels that can slash a family of four’s electricity bills by as much as $1,500 per year .

  • IKEA launches range that could cut household’s electricity bills by $1,500 a year
  • Customers will be able to shop for solar panels from Wednesday, June 10
  • The new system, which costs from $3,500 to $7,000, was created by Solargain

IKEA Australia has launched a new money-saving household range that can slash a family of four’s electricity bills by as much as $1,500 per year.

Customers living in Western Australia, Queensland and Victoria will be able to shop for solar panels through the retailer’s website from Wednesday, June 10.

The new SOLSTRÅLE system, which costs from $3,500 to $7,000, was created by Solargain, who has more than 20 years experience in developing tailored solar offerings for shoppers.

Unique to the Australian market, the renewable energy range comes with a guarantee for the system to produce at least 80 per cent of what’s quoted in a customer’s initial estimate for a period of five years.

A family of four in New South Wales with a 6.6kW system could save over $1,500 a year, while a household in Victoria could expect a saving of up to $1,742.

Customers living in Western Australia, Queensland and Victoria will be able to shop for solar panels through the retailer's website from Wednesday, June 10 (file image)

How much money can a family of four save from each state?

A family of four in New South Wales with a 6.6kW system could save over $1,500 per year, with the same household makeup in:

  • Victoria saving up to $1742 per year
  • South Australia saving up to $1950 per year
  • Western Australia saving up to $1337 per year
  • Queensland saving up to $1584 per year
  • ACT saving up to $1498 per year

CEO and chief sustainability officer, Jan Gardberg, said he’s proud that IKEA could invite consumers to join them in their commitment to become climate positive.

‘Today’s launch marks an important day in the IKEA Australia organisation,’ he said.

‘We are proud have developed this offer in collaboration with our partner, and we hope that this will encourage our customers to live a more sustainable everyday life by removing the barriers to investing in renewable energy.’

Unique to the Australian market, the renewable energy range comes with a guarantee for the system to produce at least 80 per cent of what's quoted in a customer's initial estimate for a period of five years

Unique to the Australian market, the renewable energy range comes with a guarantee for the system to produce at least 80 per cent of what’s quoted in a customer’s initial estimate for a period of five years

Keera Single, CEO of Solargain, said they were looking forward to working alongside IKEA to bring an exclusive offering to the Australian market.

‘We wanted to work with a partner that shared our vision to help more Australians experience the benefits of renewable energy,’ Mr Single said.

‘In working with a retailer like IKEA, we believe we can reach more households that are able to make the switch to solar, which is an exciting opportunity for us to be involved in.’

A SOLSTRÅLE system can cost from $3,500 to $7,000.

A couple living in a standalone home in New South Wales could expect to pay $3,500 for a 3kW system and expect that to be paid off in approximately four years.

A family of four could expect to pay up to $6,000 in South Australia, which could be paid off in as little as three years.

Source: Daily Mail Australia