Are you thinking about going solar? Not sure how a government solar rebate works and if renewable energy will be worth it? We hear you. Making the switch to solar power can be a big decision and an even bigger investment. But by doing your research, you can take the anxiety out of going green and be confident your money was well spent.
So, to help you on your learning journey, here are Powerclub’s top 4 things you need to know about solar.
There will be a return on your investment.
Not only is solar good for the environment, but it’s also good for your wallet too. Once you’ve paid off your investment, you can make money by selling the energy you don’t use back onto the grid. All you’ll need is a battery to store the extra. If that wasn’t enough, with solar panels on the roof, the value of your house will increase. The ability to reduce your energy bills or even earn a profit will bring you benefits, both short-term and long.
By switching to Powerclub, you’ll receive the wholesale value of your solar exports. We pay a competitive solar feed-in-tariff (FiT), and at the end of the year, we’ll review your actual wholesale export value. If it’s higher than what you are paid through your solar FiT, which we expect it to be, we’ll pay you the difference. We call this Powerclub’s Annual Solar Bonus.
Government solar rebates - get help with the costs.
It’s not exactly common knowledge, but both federal and state governments are currently offering some decent solar incentives. You can apply for a government solar rebate for installing a solar panel system for your home. Take a look at the table below to see what support is in on offer in your state.
The sunniest spot isn’t always best.
There’s more to consider when deciding where to put your panels than “where will they get the most sun?” The varying cost of wholesale energy means that, for example, if you install north-facing solar, you’ll reach the highest point of generation around the middle of the day. However, the cost of wholesale energy at midday is often at its cheapest, meaning your solar export will receive the lower wholesale value at that time. And if you install western-facing solar, you’ll reach your highest point of generation in the afternoon.
Wholesale energy spot prices usually peak between 3 pm – 9 pm, so if you’re exporting the bulk of your solar during this period, you’ll be paid the highest value. This, of course, doesn’t apply if you have a solar battery fitted, as you can store your energy to sell back onto the grid when the value is at its peak. Food for thought…
Don’t get burnt
While there are plenty of good reasons to go solar, there are a few things to be cautious of. There have been cases of phoney solar providers posing as professionals to take advantage of people. The consequences of this can be shoddy work that leads to higher costs in the long-run; poorly installed panels can even be a safety hazard.
Be wary of installation and inspection services offered too cheaply. Do your research before agreeing to business to ensure that those you’re dealing with are qualified. Checking that your installer is accredited with the Australian Clean Energy Council is a simple way to ensure you get the quality you pay for.
Once you’re up and running, it’s a good idea to have your panels officially inspected now and then. Look after your solar in the same way you would your car. To take care of your investment, we’d recommend you get your system inspected annually. Generally, the cost for a professional check-up is around $150.
It might seem like a lot to take in, but don’t be intimidated – moving towards solar is something to get excited about! If you have any more queries or questions about government solar rebate, don’t hesitate to contact Powerclub. We’d be happy to answer any questions that’ll help make your solar journey a sunny one.