With over 1.5 million Australian homes now having a solar system installed, it’s fair to say that solar has made an impact. It makes sense too; we live in one of the sunniest countries in the world.
However, when you compare Australia to countries like Germany who get a fraction of the sun but have government funded solar fields, car parks covered in solar panels and are aiming for 100% renewable energy by 2020, Australia as a country is way behind.
A big reason for this is our reliance on coal as an export, and therefore our government’s vested interest in non-renewable energy resources. Over the last fifteen years the government has gone from heavily backing solar to providing incentives that are somewhat hard to understand, like the current STC scheme that is running until 2030 for sub 100kW systems.
If you would like to know more on the governments incentives, including the STC incentive scheme that currently offers a $2800 to $3200 rebate for a 5kW systems and the LGC incentive schemes for larger 100kW+ commercial solar systems, please just contact the team at Springers Solar on 3889 8898 or get in touch here.
Let’s have a quick look at solar over the last ten years to get an understanding of the industry:
From early 2000 to 2010: The boom in Australia. Solar during these years was “an easy decision”. The government provided up to $8000 in incentives for installing solar, and energy companies paid up to 66c per kWh for feed-in tariffs. A tariff that’s now 8-14c per kWh in comparison.
From 2010 to 2014: These were hard years for the solar industry, with the falling government incentives and impact of “cowboy solar installers” who installed cheap, unreliable technology during the boom years. Solar installation prices fell as a result, but most people were unsure about solar.
2014 to 2017: People are taking energy into their own hands to beat the outrageous energy prices from the grid and the governments solar incentives, while difficult to understand, are still available until 2030. The big difference now is, that thanks to advances in solar and battery technology with leaders like Tesla, solar is again an easy and smart decision. The Australian solar industry is also thankfully, now much more regulated.
People Are Again Taking Energy Into Their Own Hands
Even without the generous feed-in tariffs from yesteryear, rooftop solar with the STC rebates is now so affordable, that people are again opting for solar and taking control of their own energy production and use.
A big part of this empowerment is the advances in battery technology.
If your Brisbane home has an unshaded roof, you can likely run your entire home without buying electricity from the grid. A remarkable concept when you think about it.
The key to getting the best financial returns from your solar?
Knowing how much it costs to buy energy from the grid, the way to get the best financial returns from your solar installation is to use as much of the energy as possible directly in your home throughout the day, to avoid buying electricity from the Brisbane grid.
If you can do this, you can save up to $0.30 per kWh depending on where you live and your Queensland energy supplier. If you’re able to opt for battery storage, you can save even more. With feed-in tariffs between 8-14c per kWh in Queensland, it’s truly worth investing in batteries if you can.
Australian Solar Has Matured
With the evolution of solar, there are also superior options available to ensure you’re installing only the highest quality, perfect sized system for your needs. One of the most important factors for optimising your financial returns is to get the right size system.
Back in the 2000’s bigger was better, partly due to the feed-in tariffs, but now that’s not always the case, especially if you’re not using the energy being produced.
Installation prices have also come down as solar technology has evolved. Ten years ago an average 3kW rooftop system cost $20,000 plus, now a more reliable and efficient rooftop 5kw system costs between $6,000 and $10,000. Remarkable when you consider that you can power your own home without relying on coal power stations.
Chat To The Team At Springers Today
If you are looking for a friendly, expert Brisbane team for your solar installation, or just have a few questions, please feel free to call us today on 3889 8898 or get in touch here.
We can help you understand your solar investment down to the dollar.