With solar rebates, specifically Small-scale Technology Certificates [STCs] in Queensland equating to around $4500, there’s never been a better time to invest in a solar system.
The key to solidifying the best ROI on your solar system is to optimize it for self-consumption. The best way to manage that is by installing a system that produces close to what you will use during the day or appliances that you can reasonably expect to power in the middle of the day [dishwashers, washing machines, change hot water timers, irrigation, pool pumps etc.].
This methodology ensures that you’re using your own power and not importing from the grid at rates ranging from 29c/kWh to 38c/kWh.
With power prices in Queensland expected to increase substantially over the next couple of years, solar is a great way to protect yourself and your family against these price hikes.
Another factor that has helped to cushion the impact of rising power prices is the fact that solar panel prices worldwide have plummeted recently, making solar systems the most affordable they’ve ever been.
Additionally, you’ll still receive assistance from the Federal Government under the Solar Credit Scheme. We have more information here.
If you have any questions about how to use the formulas or any other matter, please don’t hesitate to ask us a question.
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The government will continue to honour the 44c/kWh rate for applications submitted before 9 June 2012 as well as 8c/kWh for applications submitted prior to July 30, 2014.
Although the government no longer offers a feed-in tariff for new installations, most energy retailers in Queensland continue to offer competitive feed-in tariff rates to their customers, which is an added bonus to your core STC benefit.