Friday, November 4, 2011

Why Installing A Solar PV System Still Makes Sense & Reduces Electricity Costs

Around a year ago the NSW State Government's, 60 cent gross feed solar pv program, was reduced to 20 cents per kW. In June this year that 20 cent gross feed program, further ceased for new applicants. Both of these programs finish December end 2016.

With both of these investment style programs, the design of any solar pv system, did not take into account a home's electricity use. It's important to realise though as electricity costs rise, any  proposed profit from such a system will be in effect, paying for these rising electricity costs.

Currently in NSW [October 2011] there is only a net feed tariff of 8 cents per kW, for power exported back to the grid. This tariff is available from AGL.

When the following are taken into account, a solar pv system's payback time is quite flexible:
  • The system's costs.
  • The price for imported power.
  • Any revenue for exported power [net feed tariff].

It is rising electricity costs, which now make solar pv systems, so attractive. 

As electricity costs rise, the system in effect pays for itself quicker. Any system should be designed primarily to match daytime usage, maximising the offsetting of any electricity costs.

To get an insight on how you to can save on your electricity costs, by installing a solar pv system, visit our GUIDES page and download our report labelled, WHY INSTALLING A SOLAR PV SYSTEM STILL MAKES SENSE & REDUCES ELECTRICITY COSTS.

This blog post and podcast brought to you by Aussie Home Energy, a major player in the HOME ELECTRICITY REDUCTION SERVICE industry in Australia.

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