Solar power is one of the most wonderful innovations in the field of green technology because of the accessibility and availability of this abundant resource across Australia. The installation of a solar power system may require a significant upfront investment but the payback it offers over the long run is well worth the initial investment. Going solar can not only help significantly lower your electricity bills, but it can also help you experience the joy of being paid for the power you supply to the grid with your very own system. The solar panels once installed on the roof of your home or business can actually end up reflecting an energy independence from the grid.
The benefits of going solar are not only limited to the positive impact it has on the environment but can also prove to be a great financial investment for you in more ways than one. This benefit of going solar is made possible through the government incentive set in place to encourage a larger population to go green with the ability to sell the extra power generated by your solar power system back to the grid. The Feed in Tariff scheme set in place allows people with solar to reverse the cards on electricity suppliers by being paid for all the power their systems end up exporting back to the grid. In order to be eligible for a feed in tariff in Australia all you need is to have proof of use of a source of renewable energy like solar power by installing an on grid solar powered system in your home. Even an ordinary home owner with a grid connected system can benefit from this government incentive. You do not need to be a commercial energy producer in order to take advantage of this incentive. You can install solar for your residential or commercial property and still get the benefit of this government incentive. In general, Feed In Tariffs have three basic provisions-
- Feed In Tariffs are for on grid connections and they guarantee grid access at all times to solar energy producers.
- Feed In Tariffs offer long-term contracts, typically in the range of 15 to 25 years.
- Feed in Tariffs offer guaranteed, cost-based purchase prices, which means that energy produced through the solar power systems installed by homeowners is paid for in proportion to the resources and capital expended in order to produce the energy by the retailer they are connected to.
Many electricity retailers across Australia have introduced a feed-in tariff as part of the government’s incentive initiative to encourage renewable energy resources. A feed-in tariff pays you for the excess electricity which is generated by your solar powered system and which ends up being not used by the homeowner to power appliances in their home.
If you decide to install an on-grid solar power system in Australia you will always have access to electricity since your solar has on grid connectivity. Therefore whether or not your solar system is producing enough power or if you have stored power in a solar battery won’t make a difference as long as the grid isn’t down at the same time as your solar. An on-grid solar power system is also known as grid tied or connected solar system in Australia. The on grid solar power system is the most cost effective type for solar power system in Australia compared to off grid and hybrid solar system for electricity saving or for reducing electricity bills.
In conclusion, a grid-connected solar power system allows you to power your home or small business with renewable energy during those periods of the day (daily as well as seasonally) when the sun is shining. Any excess electricity you produce with your on grid solar power system in Australia is fed back into the grid. When renewable resources are unavailable, electricity from the grid supplies your needs, eliminating the expense of electricity storage devices like solar batteries.
Contact Solar Power Nation today for a free quote on an On-grid solar power system today and begin saving while simultaneously enjoying other perks like the Feed in Tariff!