With power prices expected to rise substantially over the coming years, installing solar is a great way to protect yourself going forward. With system prices at all-time lows, you can expect your solar system to pay for itself in around five years.
If you have any questions about how to use the formulas or any other matter, please don’t hesitate to ask us a question.
Currently in Victoria, the State Government mandates that electricity retailers pay you at least 5c for each kWh you export to the grid. This is available for systems up to 5kW in size and is reviewed annually and adjusted based on the wholesale price of electricity.
While the state government does mandate a minimum 5c/kWh feed-in tariff rate to be provided by energy retailers, some retailers do offer higher rates. Do your homework on which retailer can provide you the highest rate to get the best possible deal.
|*Retail Energy Provider||Current Rate||More Info|
*Rates updated February 2017