The price of solar PV has dropped an incredible 80% in just 5 years. Once just a small niche market, around 1.3 million households now generate their own electricity through solar panels.
With payback periods of as low as just three years and generous incentives still available from the government, the return on investment has made it an easy choice for many homes.
Unfortunately, the record prices Australians have taken advantage of recently may be about to disappear because of the rapidly declining worth of the Australian dollar.
In just 6 months, the Aussie dollar has tumbled 18% in value, making it more and more costly to import solar panels and components. It’s likely that solar companies will soon have no choice but to raise their prices to help cope with this exchange rate pressure.
If you’ve been considering solar, be sure to get in fast to secure the best possible price on a system. You can start right now by requesting 3 quotes here!
In addition, when buying a solar power system, you qualify for up to 2 different government rebates or incentives, depending on where you live in Australia.
The Small Technology Certificates (STC) program
This incentive usually comes as an up-front discount on the purchase price of the system. Depending on the size of the system, as much as $4,000.
Feed-in Tariffs
This is the money you receive for all unused power generated by your system which is sold back to the grid. This varies based on your retailer and location. Check your rate with your installer.
The best way to get an accurate estimate of what your final purchase price will be (after applying your incentive/s) is to get 3 quotes from local installers.
Once our installers know what kind of system you want and where you live, they can give you all the details you’ll need about incentives and rebates before you make a final purchasing decision.
There’s no obligation to purchase from any of our recommended installers, but it’s a great way to save time shopping around for the best deal for your circumstances.
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