Are you a solar panel owner, then you won’t pay for ‘poles and wires’

Posted by   M Rojas   |   Categories :   Renewable energy sources

The average national electricity price is predicted to jump by 37% by 2013/2014, announced in the latest report by the Solar Panels Brisbane Market Commission (AEMC). Queensland electricity prices are expected to skyrocket by 42%, which will lift the Tariff 11 rate from $0.236 per kWh (inc GST) to $0.33 per kWh (inc GST). Households are set to be stung by this massive double digit electricity hike, the biggest increase in years. A combination of factors will be blamed for the hike, including the ongoing investment in the distribution network, subsidies for rooftop solar systems and the carbon tax.

However, the government is encouraging the Queenslander to shift towards renewable energy sources. It is developing a collection of renewable energy maps to help lead clean energy companies to prime development sites in the state. These maps to date include solar and wind, and are a key initiative of the Queensland Renewable Energy Plan.

Solar Power is still regarded as the best way for consumers to protect themselves against rising electricity prices, and regain some control. According to recent estimates; over 500,000 households in Australia are reaping the benefit of generating their own electricity

The Queensland Government Solar Bonus Scheme (the Scheme) pays eligible customers for the surplus electricity generated from solar photovoltaic (PV) panel systems, which is exported to the Queensland electricity grid. The Scheme is designed to make solar power more affordable for Queenslanders, stimulate the solar power industry and encourage energy efficiency. Existing customers participating in the Scheme are paid 44 cents per kilowatt hour (kWh) for surplus electricity fed into the grid. New customers who have joined the Scheme after 10 July 2012 are paid 8 cents per kilowatt hour for their exported electricity.

Depending on the type and size of your system one can realize huge savings on their electricity costs. These savings are even greater at this time due to the various rebates being offered by the government. When you choose to power your home with solar power you are also helping the environment. Another reason to switch to solar power is that it will increase the value of your home. In the future people will pay a premium price for a home that has solar power. In order to reap the benefits of solar panels in Brisbane you will need a quality system installed.

April 14, 2017

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