Solar systems produce electricity throughout the day, offseting your peak electricity load from the grid. This is what lowers your electricity cost.
In Australia, the bulk of energy generation consists of coal generators. Installing solar reduces the electricty demand of the power network and this reduces the amount of coal burned, reducing your environmental footprint.
A solar system levelises the cost of your electricity. This means that any future increase to electricty rates, increases the financial return of your solar system.
Solar panels reflect light off your roof and this reflectivity can reduce the amount of heat absorbed by the roof space. Which can reduce air conditioner demand and keep you cool.
Purchasing a solar system outright may boost the value of a property.
These certificates work to subsidise the cost of a solar system. Any quote from a solar company will have this rebate already applied. At 2017, this is a discount of about $580 per kW or 19 certificates per kW (depending on the area of installation). The number of certificates issued declines by 7.1% each year. While not actually a rebate per se, as the finance doesn’t actually come from the government.
If your network provider allows you to export the electricity generated from your solar system, a feed-in tariff may be secured from your energy retailer (typically around $0.06/kWh).
While the solar system works to offset your electricity expenses, you can pick the financing option best suited for your financial statements.
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