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Solar Rebate under attack

 

Pressure is mounting from within the ranks of the back benches of the Turnbull Government to scrap the solar rebates available to homeowners to install solar panels, worth around $4,000 for a 6kW system.

solar panel image

The charge is being led by Tony Abbott who said recently that “Australians are paying far too much for our emissions obsession. Government must end subsidies for new renewables,”
Nationals senator John Williams also said the policy forced struggling families to subsidise rich people’s solar installations. “The cost is enormous, renewable ­energy should be made to stand on its own two feet. We’ve got all the users of electricity paying for this.’’ This assertion is contrary to the fact that the solar rebates are utilised predominantly by families in the mortgage belt investing to lower rapidly increasing power bills.

Liberal MP Craig Kelly who chairs the ­Coalition backbench committee for energy and the environment, said the government should halve the value of Small Technology Certificates to $20, followed by another ­halving of it’s value in 2019 ­before phasing it out entirely in 2020, a decade earlier than is currently legislated for. This would be devastating for the solar industry in Australia.

If subsidies are ended as Mr Abbott and Mr Kelly demand, prices for a solar panel system will rise by around 40% and greatly increase the amount of time it takes to pay back the initial investment on a system. The current value for the rebate for different system sizes is listed below. If the rebate is removed, system prices will increase by at least this amount.

System size Approx # of panels Rebate value
2kW 7 panels $1,313
3kW 10 panels $1,988
4kW 13 panels
$2,663
5kW 17 panels $3,338
6kW 21 panels $4,013
7kW 24 panels $4,688

Solar is proven to be the most effective measure you can take to reduce your power bills and If you’ve been considering installing solar on your property, or expanding your current system, now is a good time to ensure that you get access to the rebate as changes may happen quickly and you may miss out.

Since 2010, Solar Market has helped over 250,000 homeowners and businesses compare prices for solar systems by arranging 3 no obligation quotes from installers in your local area who want your business.

We also help you with resources so that you know what to ask and how to deal with installers.

Get 3 quotes and make sure that you secure the rebate

 

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Understanding Batteries

Off-Grid Systems

For some households a battery system can be of great benefit and minimise a home’s reliance on the grid. However, it’s important to understand for a battery to be useful your solar system needs to be generating excess energy for the battery to store, which you can then use at night or when the sun is not out.

When selecting a battery, you’ll want to invest in a system that is most suited to your home and can drive the best return on investment (ROI). Despite a larger upfront cost, a higher quality battery may significantly increase your ROI.

    Battery systems start from $6,000 and costs can vary greatly based on the following factors:

  1. Cycle Life-Time

    The number of times a battery can fully charge and discharge.

  2. Battery Power (kW)

    How fast it can be charged or discharged.

  3. Storage Capacity (kWh)

    The maximum amount of energy a battery system can store.

  4. Battery Management System (BMS)

    An electronic ‘smart’ system that gathers data and manages the battery ensuring it does not overload or operate outside of its safe functioning zone..

  5. Inverter

    Battery systems require their own inverter if your solar system does not have a hybrid inverter.

  6. 'All-In-One Unit’

    A system which includes the battery, BMS and an inverter all in one unit.

  7. Warranty

    Length of time or cycles the battery system is under guarantee.

  8. Blackout Protection/Backup

    It’s important to note this is not a common feature of a battery system and could cost thousands of dollars to include. Blackout protection not only requires additional components but also a specialised installation and rewiring. For grid-connected homes, the cost for blackout protection can outweigh the benefit.

Additionally, if your purpose for adding battery is to go Off-Grid and become completely independent from the grid you will need to ensure your solar system can generate enough energy to power your home and your battery system is large enough to store this energy. For homes in metro areas going Off-grid is not cost effective and is only recommended for those in remote areas with limited access to the grid. Off-grid solar systems with battery start at approximately $30,000.
 

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