It’s official – Australians love the sun. According to the Clean Energy Council, the number of Australian households with solar power has increased more than 35 times over the last three years. See why over 500,000 Australian homes have installed solar power:
There are two main incentive’s available for the installation of a Solar PV System in Australia. These are the Feed In Tariff (FiT) and the Renewable Energy Credits (REC’s) Also known as the “Solar Rebate”
Depending on your energy usage, the size of your solar system and the available incentives (such as feed in tariffs) Solar panels convert sunlight into DC electricity and then an inverter converts DC electricity into the 240V electricity that powers your home or business. Your home or business remains connected to the main electricity grid, and any surplus electricity your system generates is exported back to the grid. When excess power is fed back into the main electricity grid, your electricity provider purchases this energy back from you. Some electricity retailers pay equal amounts (or more) for the electricity your system generates and the amount they charge you for regular electricity- So, if you generate more electricity than you use, your power bills will turn into credits for the excess power you feed back into the grid.
The power you use in the evening will not affect the bonus for power exported during the day. All new solar power applicants in QLD will receive a minimum FiT of 8c/kWh with a power company top up of 6-8c – making solar still a wise decisions given rising energy costs.
In Australia there are incentives offered by Federal & most State governements for the installation of Solar. So not only is it a great idea, but by the assistance of some incentives you could pay off your system quicker so that you can enjoy a dramatically reduced power bill sooner.
Over 90% of Australia’s electricity is sourced by fossil fuels. Australia is the worst polluter per capita on Earth, but there’s something you can do about it. By installing a solar system you will reduce greenhouse gas emissions and help in the fight against global warming, providing a safer, cleaner world for future generations. Solar power will help you power your home with sustainable energy free from the sun.