Reduce Your Electricity Bills With Solar Power in the ACT

With the world facing climate change and resource depletion, it is important to reduce our reliance on fossil fuels. Transitioning to solar power is a great way to do this.

The ACT government is encouraging residents to switch with a new program that will help body corporates install rooftop solar for their tenants. This $3.6 million initiative will benefit around 2,100 apartments.

Reduced Energy Costs

Solar power is a cost-effective way to reduce your electricity bills. The ACT has some of the lowest grid electricity prices in Australia, and households that go solar can expect to save at least 19c per kilowatt-hour, according to Energy Made Easy.

Additionally, the ACT offers significant up-front incentives for homeowners that choose to install solar systems. These discounts come in the form of Small-Scale Technology Certificates (STC), which electricity retailers are legally obligated to purchase under the National Renewable Energy Target.

In addition to the STC rebate, the ACT government also offers rebates and interest-free loans for low-income households that wish to install solar energy systems. These rebates are based on a home’s 2020 unimproved land value and must be applied through an approved installation partner.

Increased Resale Value

Many studies and real estate market analyses show that homes with solar power systems sell at higher prices and spend less time on the market than their non-solar counterparts. As a result, homeowners in Canberra can expect to recoup a significant portion of their investment in a solar power system.

A rooftop solar system in a Canberra home can help to significantly reduce electricity bills and improve overall energy efficiency. To do so, it is important to have a properly designed and installed system. This is done by a qualified and licensed installer, who will ensure that the system is sized correctly for your household.

Additionally, residents can maximise financial benefits by choosing an electricity retailer plan that offers the best feed-in tariff for their specific situation. The ACT government’s Sustainable Household Scheme and Solar for Low Income Program also offer rebates that can make solar energy more affordable.

Increased Financial Stability

Solar panels can significantly reduce electricity costs for a Canberra property. This is especially true if you use a system that provides self-consumption, which allows you to send excess energy back to the grid. In this way, you can generate enough energy to pay for your investment in the system within 4-5 years.

In addition, a Canberra solar power system can benefit from the ACT’s feed-in tariff, which pays the system owner for any excess energy it produces. The ACT government’s Next Gen Energy Storage Program also provides incentives for home battery systems. This is in addition to the ACT’s Sustainable Household Scheme, which offers interest-free loans through Brighte for high-efficiency appliances and other renewable energy products.

The ACT government also supports community solar programs, which help make green technology more accessible for Canberra residents. These programs bring together multiple households to share the cost and benefits of a solar energy system. This can be particularly helpful for apartment buildings, where individual installation may not be feasible.

Environmentally Friendly

Solar panels generate electricity from renewable sunlight energy and send any excess back to the grid. They are a great way to lower your energy bills and help combat climate change. They also offer a number of financial incentives, including a point-of-sale discount and a feed-in tariff.

Solar cells are essentially semiconductors that convert light into energy. They are made of silicon, phosphorus, and boron and are housed in protective casings, which can be made from glass, metal or plastic (with certain products such as calculators).

There are many benefits to switching to solar energy, both financially and environmentally. These advantages make it a popular choice amongst ACT homeowners and renters. Moreover, the ACT government offers incentives to promote green energy uptake, such as its Sustainable Household Scheme and Green Loans program. These rebates reduce upfront costs and encourage people to make the switch. Furthermore, community solar programs allow households to share the cost of solar power, making it accessible for all residents.



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