The Solar Credits Scheme or (REC's multiplier) replaced the previous government rebate in 2009. Under this new scheme everybody is eligible for thousands of dollars off the price of a solar system. Using the sale of your REC's as a discount on the cost of installing a system, customers need only pay the remaining out of pocket expense while we look after all the paperwork.

Take advantage of this program now as the full benefit of this program only lasts until 2012 before it is slowly wound back and finally phased out by 2015. 

Net and Gross Feed in Tariffs are available to many residents throughout Australia to provide further financial incentives for installing solar power. QLD residents are eligible, through the QLD Solar Bonus Scheme, for a feed in tariff of at least 44 cents/kWh of electricity produced and sold back to the grid. In NSW, residents are eligible for a gross feed in tariff of 60 cents/kWh for all electricity generated by the solar power system. For more information on these programs and others, feel free to call us or register online.

QLD Net Feed In Tariff

The worst case scenario - The electricity generated by the solar power system is used in your home first. If excess is generated than it will be fed back to the grid via your electrical meters. The worst case scenario is an example of all the electricity generated by the solar power system being used by the appliances in the home. The scenario assumes that the particular size system would never generate electricity beyond the household energy consumption. This can be calculated by multiplying the kWhrs/day by 365 days, and then multiplying that by the price that is paid for electricity (ie. 6kWhrs/day x 365 days x 0.18c = $394.20).

The best case scenario - This scenario assumes that all the electricity is to be fed back to the grid at a payback price from the electrical retailer of 44c/kWhr. This is an unrealistic assumption, however it offers an example of the likely average savings of installing a solar power system. Depending on the energy usage of the customer, most customers find a savings estimate between the best and worst case. It is important to note that electrical retailers offer different payback prices and some are substantially higher than the base rate of 44c.