Thanks to a range of green policies and solar rebates, very few solar customers ever pay full price for their solar installation.
But it’s possible to reduce solar installation costs even further. In this post, we will explore 3 simple ways to save on solar power in Melbourne.
1. Make Your Home More Energy Efficient
Energy efficiency is one of the simplest (but overlooked) strategies for reducing solar installation costs.
The less energy you use, the fewer solar panels you’ll need to cover all of your daily electricity requirements. The less solar panels you need the lower the cost.
Some other popular energy efficienct ideas include:
- Installing energy efficient lighting such as LED’s and avoid Halogen downlights.
- Installing and using energy efficient appliances
- Light rooms you are using. Where possible, zone your lighting and close off doors to unoccupied rooms.
- Switch off appliances not in use at the wall.
- Have a standby power controller installed to save money and electricity.
2. Government Incentives
As mentioned before, very few solar customers pay full price for their installations. Thought Solar was unaffordable, with Government rebates (STC’s) that are used toward the upfront cost of installation and Feed in Tariffs (FIT’S) in Victoria there has never been a more affordable time to install a solar system. Rebates are still currently being given by the Federal government for installing a solar system.
This Federal Government currently offers the following assistance when installing solar power;
- Reduction in the purchase price when you purchase the system through small scale technoloy certificates (STC’s)
- A payment for the excess power your solar system produces that you don’t use through Feed in Tariffs (FIT’s)
Small Scale Technology Certificates (STC’s)
Small-scale technology certificates, or STCs, are a Federally Funded tradeable commodity attached to eligible installations of renewable energy systems (including solar panels, solar water heaters and heat pumps). STCs were formally known as Renewable Energy Certificates (RECs)
Under the Government’s Small-scale Renewable Energy Scheme (SRES), when you install an eligible system, you may be eligible to claim a specific number of these STCs.You will receive 1 STC for every Megawatt of energy your system is expected to produce over the next 15 years.
Electricians on Call will request a customer assign the right to create the STC’s to us in exchange for a discount on the purchase price of the system. You will be invoiced for the “Out for Pocket” price plus the assignment of STC’s created in relation to the system.
Feed In Tariffs (FIT’s)
Feed in Tariff’s are funded by the State Government and Electricity Suppliers.For each Kilowatt Hour (kWh) of energy a solar system produces which you do not use in your home is sold back to the grid.For every unit of electricity your solar system produces that you consume means that you do not have to purchase that unit from your electricity retailer.
The Feed in Tariffs vary from State to state, some electricity retailers offer additional Feed in Tariffs for switching to them when you install Solar Power. To take up a feed-in tariff, you will need to sign a contract with an electricity retail company of your choice.
Shop around for the deal that best suits you as different electricity retailers may offer different prices and different terms and conditions.
For more information about Feed in Tariff’s in Victoria please click here
3. Maximise Your ROI
To maximize your savings and increase the ROI of your solar investment use quality parts and have your installation carried out by a CEC Accredited Electrician. Director, Mark Zelensky is a CEC accredited installer, Accreditation license number A6819995. By choosing an accredited installer, you can feel confident that you will receive a high quality, safe and reliable solar PV system.
If you would like to verify Mark’s CEC accreditation click here
Don’t rush your decision to install solar power. Shop around and compare your options. The long-term benefits of doing this include:
- Fewer repairs and replacement costs
- Shorter payback periods
- Better solar energy output
To learn how Electricians on Call can help you save money with solar power contact us on 1800 815 278 for a free consultation or submit an enquiry.