With higher feed-in tariffs, more affordable solar panels, increasingly productive PV systems and valuable STCs, now is the time to make the switch to solar!
5 compelling reasons to go solar:
Rising energy costs
As energy costs in Australia continue to soar, solar is considered a low-cost energy option.
With electricity prices across the country set to further increase from July 2017, switching to solar now only makes sense.
Continuing government incentives
Upfront government incentives are still available and can account for a significant percentage of the upfront cost of the system so, even if you are not using all of the solar generated, you can receive a benefit for it from your retailer. Under the Federal Government’s Small-scale Renewable Energy Scheme, Small-scale Technology Certificates (or "STCs") are available as an upfront discount on eligible solar PV systems.
Increasing feed-in tariffs
The Victorian State Government will more than double the minimum feed-in tariff from five cents per kWh to 11.3 cents per kWh from 1 July 2017. This is available to solar and other eligible forms of renewable energy, such as wind, hydro or biomass, with a system size less than 100kW.
Dropping panel price
As technology and manufacturing processes improve, the price of solar panels has reduced throughout 2016 and into 2017. This means it is more affordable to install the larger solar power systems that your energy-intensive home demands, limited only by the size of your roof. Plus, a lower-cost system will pay for itself sooner.
Available financing options
Finance for solar systems is widely available and, in many cases, energy savings can be greater than finance repayments for solar.
Focus on rising feed-in tariffs
Lucrative feed-in tariffs were once the ultimate reward for homeowners that made the switch to solar power. Yet, in late 2016, several State Governments drastically reduced the generous incentives available to customers who feed their unused electricity back into the grid. However, feed-in tariffs are on the rise again!
In these times of rising energy costs, here’s a quick update on the current status of feed-in tariffs across Australia and some insights into why switching to solar is a wise choice for your home.
From 1 July 2017, Victorians with solar photovoltaic (PV) systems will see their feed-in tariff rise from the current minimum rate of 5 cents to 11.3 cents per kilowatt hour. South Australia and the Australian Capital Territory currently operate with no minimum feed-in tariff, while the Northern Territory currently offers a ‘dollar for dollar’ arrangement for their customers exporting their unused energy back to the grid.
There is currently no minimum feed-in tariff rate for solar electricity users in South-East Queensland. However, households in regional Queensland receive 7.448 cents for systems up to 30kW (up from a previous limit of 5kW). New South Wales consumers can earn between 5.5 and 7.2 cents per kilowatt hour for their excess electricity.
Tasmanian homes with a system up to 10kW (single-phase) or 30kW (three-phase) system can receive 7 cents per kilowatt hour. While in Western Australia, different feed-in tariffs apply depending on where you are located and which company supplies your power.
Start saving today!
As solar power incentives come and go, it can be difficult to estimate how much you can save by investing in solar. That’s where Solargain comes in. We have an in-depth understanding of exactly what incentives are available in your state. We can design a system to ensure you are taking full advantage of what’s on offer, saving you money long into the future.
To find out how you can benefit from solar power, give Solargain a call on 1300 73 93 55 or enquire online.