Solar Energy Quotes in Sydney NSW
The prices of electricity have been skyrocketing, especially in New South Wales. However, people in Sydney and other parts if the state have made a wise decision by adopting the use of SolarPV to bring down the power bill of your household.
Federal Government Rebate/ Incentive
The Federal Government, through the Renewable Energy Target scheme (RET), subsidises the costs associated with the purchase of the equipment. It does this through the STC scheme, which provides discounts for purchases of the equipment by incorporating a value in the form of “certificates”. The amount of discount that one can get depends on the total output of the solar energy system they purchase.
However, there is uncertainty in the future of these subsidies, since the RET is currently undergoing review. This means that if someone makes the switch into solar power, they stand to reap the generous benefits of the current incentives; which may not be available in future.
The Feed in Tariffs – And the Rewards
For any surplus electricity that you feed back to the grid, you will be paid 8 cents per kilowatt-hour. This is one of the best investments in Sydney. This means that the investment can provide better returns as compared to other forms of investments. For instance, in Sydney alone, a system has an estimated rate of return of 18.9%, according to data from various sources.
How Electric Bills Have Risen
In the period from June 2007 to the June of 2012, there have been an increase of a whooping 79% in the price of power in Sydney. The situation was not any better elsewhere in the state. Since then, every household has seen a rise of 11.8 – 12.6%; given the data up to June 2013. Projections show that in the 2013/14 financial year, the households will still have to dig deeper into their pockets.
Why Switch Today?
The state of NSW has been having the highest daytime prices for electricity; in the whole of Australia, with Melbourne coming a close second. If you couple this with the lowest prices for brands from world over, it is clear that the time to install the solar electricity equipment and to reap the benefits of a reduced electric bill is NOW.
Using your power during the daylight hours can benefit you immensely. Did you know that the day rate of the NSW electricity is 35 cents per hour? This means that solar powered systems are bound to make a big difference in the energy bills.