Feed-In Tariffs and Solar Rebates
In a country as sunny as Australia, it’s no wonder that solar power is becoming an increasingly popular choice for homeowners looking to reduce their energy bills and do their part for the environment. But is it really worth getting solar panels in Australia? Today, we’ll take a look at some of the benefits of solar power in Australia and discuss why more and more people are making the switch.
One of the biggest reasons that Australians are choosing solar panels is the feed-in tariffs and solar rebates. But how do they work? Solar rebates are payments made by the government to encourage people to switch to renewable energy sources like solar power. In Australia, these rebates can be as high as $600 per kilowatt (kW) of solar panels installed – that’s a significant saving.
Feed-in tariffs are slightly different. They’re payments made by your electricity retailer for the excess power that your solar panels generate. This means that not only will you be saving money on your energy bills, but you could also be making money from your solar panels.
Just in case you need more reasons to go solar in Australia, this solution is much better for the environment than traditional energy sources like coal and gas. Solar power is a renewable energy source, which means that it won’t run out like fossil fuels.
So, is it worth getting solar panels in Australia? We think so. Not only will you be saving money and helping the environment, but you could also be making money from your solar panels. What’s not to love about that? In terms of energy, you can expect to generate between 75-85% of your needs, which is a significant saving.
Of course, there are some drawbacks to solar power. The initial investment can be costly, and you’ll need to make sure that your home is suitable for solar panels. However, we think that the benefits far outweigh the negatives (especially with everything we’ve discussed!).
Financing Solar Installations
As we’ve just mentioned, the initial cost is the biggest stumbling block for many homeowners. However, there are a few ways that you can finance your solar installation. You could:
- Use savings: this is the best option if you have the money available. You’ll benefit from the full financial incentives and make considerable long-term savings.
- Get a loan: banks and other lenders sometimes offer low-interest loans to those installing solar. This is a good option if you don’t have the money upfront but can afford the repayments.
- Lease or enter into a power purchase agreement (PPA): with these options, you don’t need any money upfront as the solar company covers the cost of installation. You then make monthly payments for the electricity that your system produces. This is the best of both worlds because you get to enjoy the benefits of solar without any of the financial risks.
Solar panels are an excellent investment for Australian homeowners. As well as saving money on your energy bills, you’ll also do your bit to reduce your carbon footprint. If you want a quote on solar installation in Gold Coast, contact a reliable and professional provider. As well as looking online and reading reviews, ask friends and family if they have used any local companies.
The feed-in tariffs and solar rebates are incredibly helpful when installing solar panels and we don’t think that you will ever look back. Why not get the ball rolling today and take a step into the future?