Solar Panels have become quite popular in the recent few years and rightly so. The benefits of making the switch are numerous. It’s important to understand a few things such as why there is a sudden growth, the benefits and what solar panels Tasmania rebate are.
Do they make a big difference?
Although Tasmania is not lucky enough to enjoy abundant sunshine compared to the rest of Australia, it is a good place to install solar panels. In fact, Tasmania get comparatively more sunshine than the UK. A lot of Tasmanians have already made the big switch and this is primarily due to the financial benefits.
Solar panels can save you a lot on power bills whilst also reducing the carbon footprint and increasing the home’s energy independence. Currently there are over 1 million homes all across Australia who use solar power.
The key reasons as to why this is the case are given below:
Government discounts and consumer schemes
Even though the main reason for the decrease in prices is due to other factors, government incentives and continued support for this clean technology has also encouraged many businesses and homes to make the switch. Federal discount schemes reduce the total upfront cost of installing a system while there are ample amounts of consumer buyback schemes from various solar retailers that help you further.
State solar discounts
For solar power systems under 100 kilowatts, there are government rebates or discounts available. Businesses and households around Tasmania will save about 50cents for every watt of installed solar capacity. Businesses and homes who have their solar panels installed by an qualified installer don’t need to follow the long procedure to qualify for this discount as it should typically be added to the cost of installation whilst you sign the agreement with the installation company.
Many energy retailers now offer consumer buyback discounts. According to the state’s solar feed-in tariff, consumers get paid a price which is equivalent to what is we usually pay for retail electricity providers. So if you pay 25 cents for every kilowatt you purchase from a retailer that is what you get back if you solar system produces excess energy which you don’t use. So not only do you not have to pay extremely large amounts to purchase electricity from local retailers but your solar system also get you credits back for extra energy you don’t use. This is a great encouragement to people already considering switching to solar.
This offer won’t last for too long after which the buyback rate will be lowered. This reduction does not mean that people don’t consider solar a worthy investment but it will mean that properties who have solar installed need to be a lot more careful about their usage and try and consume the maximum amount when the solar power is being produced.
Huge increase in electricity prices
On the other hand, the prices of solar panels have been dropping down significantly all across the country including Tasmania. It makes for businesses and households to generate their own electricity by switching to solar as opposed to paying more and purchasing electricity from the main power grid. It’s never been a better time to make the switch and save money whilst helping the planet by consuming cleaner form of energy.