Solar Australia Feed-In Tariff
Hobart solar system installation owners can get paid for surplus energy sent back into the grid with a feed-in tariff. However, it’s important to understand how the tariff works so you can make informed decisions about your solar system size.
Like most places in Australia, north-facing solar panels are the way to go for maximum output. But in Tasmania, east-facing systems can also produce well.
Reduce your power bills
With 3.8 to 4 hours of peak sunlight on average, a typical Hobart home can produce between 20 and 30 kWh a day with a 7 kW system. Combined with lower electricity consumption in winter – due to reverse cycle air conditioning – homeowners can achieve great savings on their power bills.
In the 7000 postcode area, households with solar systems are currently generating $2,225,320 of energy at retail prices a year! This is a significant reduction in carbon emissions and helps to make our homes cleaner and greener.
Depending on your location and the size of your solar energy system, you may also be eligible for government incentives. These include the Small-scale Technology Certificates (STCs) which are given when your system is installed by an accredited installer.
Reduce your carbon footprint
As a solar power system owner, you can receive payments for energy that your system produces and exports back to the grid. This helps you reduce your electricity costs by replacing your grid-supplied power with solar-generated electricity.
The government offers a solar rebate by giving you Small-scale Technology Certificates (STCs) for each kW of energy that your system produces and feeds into the grid. This is effectively an up-front discount on your installation cost, and the company that sells you your system will typically include it in their quote.
In the Hobart 7000 postcode area, more than 1,100 small-scale systems have been installed to date, generating around 6.7 GW of energy – that’s equivalent to about 15 solar energy systems for every 100 dwellings in the city. Solar panels work well in Tasmania, despite the chilly climate, because sunlight is more important than temperature when it comes to energy production. Moreover, roofs that are oriented favourably will generate more energy.
Increase your home’s value
Regardless of the weather, a well-designed and installed system can generate an impressive amount of energy. As a result, it is a solid way to increase your home’s value. In addition, you can be paid for excess energy that your system generates (known as the feed-in tariff). This can help you accelerate your payback period and make solar power an attractive investment option for potential buyers.
In Tasmania, a 6.6kW solar power system can save homeowners significant amounts of money on their electricity bills. The state’s generous government subsidies and the TEELS program make solar a viable option for many households.
In addition, the unique climatic conditions of Tasmania improve solar panel efficiency. As a result, homes with solar systems tend to have lower energy consumption than their counterparts in other states. This is particularly true for north-facing panels, which produce the most energy. In contrast, west-facing panels will produce less. However, in most cases, this is offset by a lower electricity demand.
Save money on maintenance
The average Tasmanian household consumes a lot of electricity in winter, largely due to reverse cycle air conditioning. But the good news is that a solar system can help offset this energy usage with free power from the sun.
Solar panel prices have been on a downward trajectory for several years and now offer an excellent return on investment. In addition, many homeowners are eligible for feed-in tariffs that provide a financial reward for excess energy sent to the grid. While directly utilising the generated energy remains the most cost-effective option, these returns can further off-set initial installation costs.
If you’re considering a home battery storage solution in Hobart or Launceston, be sure to choose an installer that specialises in this technology. A professional installer will be able to advise you on the best battery solution for your property, as well as offering expert advice on energy consumption and positioning to maximise the potential of your solar panels.
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