Electricity prices are set to soar up to 18.3% across Australia after the energy watchdog AER decided to pass on hefty increases. In Victoria, the default price rise will be anywhere from 5% to 16% with businesses getting the biggest increase. The Essential Services Commission announced on Tuesday it had set the Victorian Default Offer prices to apply from 1 July 2022 to 30 June 2023.
Higher retail electricity prices will add to household hip-pocket pain, making installing solar panels an even more attractive prospect. Higher costs for fossil fuels and coal generators have been blamed for the rise. States like Queensland and NSW will face the biggest rise due to the fact they use less renewable energy than Victoria.
This goes to show renewable energy is a reliable way to save on costs. Solar power is the answer for households and businesses to offset higher electricity prices. Self-generated power means you are not relying on the power grid and being charged for every watt of power. No to mention renewable energy is good for the planet as well as your hip pocket!
Self-generated power is the way forward and we see in the solar industry this is the main attraction for people, not the feed-in tariff rebates. When solar was first on the market feed-in tariffs were the carrot on offer, but now as people understand the benefits of solar plus have a better general knowledge of solar power, renewable self-generated power is the drawcard.
How Much Could You Save With Solar Panels?
Victoria offers a rebate of up to $1400 on the upfront cost of solar panels. We will apply for the rebate for you and deduct the cost before your payment. Plus you can get an interest free loan for the same amount. Just speak to us for more info. We offer a free review of your latest electricity bill and can advise you on how much you will save with solar.
On average the yearly saving is from $900 to $1000 per year. And the ROI payback period is on average between 3 – 5 years. Click here to send us your bill.
We install panels that are battery ready and can install solar batteries as well. The cost for solar batteries is more than the panel, we can give you information on the battery rebate and costs. There is no hard sell from us, we are a Clean Energy Council Approved Solar Retailer. This means we use quality panels, have certified solar electricians and complete the whole process from quoting, completing the rebate paperwork and installing the system.
Solar Panels For Businesses
Speak to us to discover how to reduce business costs and apply for write-off costs on solar. The government renamed the ‘Instant Asset Write Off Scheme’ to ‘Temporary full expensing’. And has extended the scheme until June 30th 2023. Click on the link to see more information.
How Much Does it Cost to Install a Commercial Solar System?
5KW Commercial Solar PV System
- Average cost: $3,990 to $8,000
- Yearly Cost Savings: $1,500 – $3000 (Over a 5 year loan period that’s $7,500 to $15,000 in solar savings
10KW Commercial Solar PV System
- Average cost: $11,000 to $17,000
- Yearly Cost Savings: $3,000 – $3,500 annually (Over a 5 year loan period that’s $15,000 to $17,500 in solar savings)
20 KW Commercial Solar PV System
- Suited to businesses with low to medium energy usage, who receive annual bills of around $10,000.
- Average cost: $21,000 – $35,000
- Yearly Cost Savings: $5,000 – $10,000 annually (Over a 5 year loan period that’s $30,000 to $50,000 in solar savings)
How Will Solar Work For Me?
If you have been thinking about solar but just don’t know the costs or benefits and how they will apply to you – then now is the time to get moving. Simply send us a bill or give us a call and we can explain it in terms of your situation. Remember we are not here to give the hard sell – we know solar is the way forward and just want to give you the facts for you to make up your own mind.