How Solar Panels Can Help You Save on Your Electricity Bills

Getting a solar power system in Canberra, ACT, can help you save on electricity costs and achieve energy independence. The process starts with a site assessment. The experts visit your property to check the roof’s condition and identify potential shading issues.

Maintaining your solar panels helps them last longer and maximize their energy production. You can also add a battery to your system to lower your electricity costs even further.

Low electricity prices

A Canberra solar panel system can reduce your electricity bills by generating its own energy and feeding any excess into the grid. This can result in substantial savings. However, it is important to consider the different options available and choose a system that is suitable for your property and lifestyle.

You should also check whether your electricity retailer offers a feed-in tariff and what the rate is per kilowatt hour. Moreover, you should consider the size of your solar panel system to determine its cost. You can select from monocrystalline, polycrystalline, or thin-film panels. Each has its own advantages and disadvantages.

You should choose a quality system that is designed with the Canberra climate in mind. Some providers offer a comprehensive warranty and are backed by international brands such as JinkoSolar, Q CELLS, and LG (for solar panels) and Enphase, SolarEdge, and Fronius for inverters. Additionally, they can offer an Australian-based support network for any warranty or service issues.

Feed-in tariffs

In Canberra, solar panels can help you save on your electricity bills because the ACT has some of the lowest grid electricity prices in Australia. However, the savings can be even greater if you add a battery to your system. Adding a battery can reduce your energy bills, increase self-consumption, and improve your power security during blackouts.

The ACT is currently running a solar rebate program that offers up-front cost incentives for the purchase of a new solar system. The rebate is available to ACT residents and businesses with electricity usage of up to 30kW.

A good way to find the best Canberra solar panel installers is to compare feed-in tariff rates with different electricity retailers. These rates will vary from state to state, but you should always check the fine print. For example, EnergyAustralia credits you with 7.6 c/kWh for each kilowatt-hour of excess solar energy sent back to the grid. But that rate may change after a year or two.

Small-scale technology certificates (STCs)

Small-scale technology certificates (STCs) are an important incentive for people who install renewable energy systems, such as solar PV and solar water heaters. Each STC represents one megawatt-hour of renewable electricity generated or non-renewable electricity displaced by a system. The STCs are created through the national Small-scale Renewable Energy Scheme (SRES).

Incentives like STCs can make solar power more affordable and accessible. They are an important part of the government’s Renewable Energy Target program, which promotes renewable energy generation and reduces carbon emissions.

The STC program was introduced by the Clean Energy Regulator, which oversees the creation, registration, and tracking of STCs. Once created, STCs can be traded on the open market to entities with a legal obligation to meet their RET. This includes electricity retailers, who use STCs to demonstrate their compliance with the RET policy. Each zone has its own STC allocation, which is based on the area’s potential energy output. To find out what your STC allocation is, look up your postcode in the SRES zone ratings table.

Self-consumption

In Canberra, households use the most electricity during cold winters, so it is important to maximize solar output during these times. Installing a quality Canberra solar system can help you decrease your dependency on fossil fuels and contribute to a cleaner environment in the long run.

The ACT government encourages solar energy adoption by mandating that power retailers buy your excess electricity back. This is an excellent way to reduce your electricity bills and support the ACT’s renewable energy goals.

A quality Canberra solar system can pay for itself in a few years, depending on your consumption patterns and sunlight hours. You can also consider a battery to future-proof your energy needs and save even more money in the long run. Battery systems also provide energy independence and add value to your home. They are a great long-term investment option, offering peace of mind and reduced energy bills. They can also be a backup source of energy during outages.



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