You may have heard of rebates and feed-in tariffs for installing solar panels on your house but have no idea of how these work or exactly what they are. The rebates and feed-in tariffs can get confusing, especially if you aren’t familiar with how they work, who pays you the rebate and how excess electricity gets loaded back onto the grid.
So what is a feed-in tariff and how do they work? From state to state power companies will offer feed-in credits for any excess power your solar produces and feeds back into the power grid. So if you are producing more electricity than you need, this will go back into the grid which essentially cuts down on the amount of power that energy companies need to produce.
The tariff side comes in as extra credits on your electricity bill which can cut down your electricity bill even further. Most state Governments have feed-in schemes and depending on the type of scheme you are on will depend on how much you can expect to receive in credits on your electricity bill. While the feed-in tariff rates are based on Government schemes, your electricity provider, in some circumstances, may also add credits to your electricity bill through their own feed-in schemes.
One thing to keep in mind is that while the tariff scheme is run by the relevant state Government, you will need to approach your energy provider to receive the feed-in tariff. They will also be able to give you some information on what the current rate is, and if there is anything further you need to do to be eligible for the tariff.
If you have hybrid-solar systems you can access the state Government’s solar feed-in tariff scheme. This was initially set up to encourage households to invest in renewable energy options, increase the affordability of renewable energy sources and help households manage any electricity price increases.
One of the big benefits to installing solar is that you will see your electricity costs going down instantly; and even better, these savings can see you paying off your solar installation quite quickly. Add to that any extra feed-in credits you receive and your solar could be completely paid off in two – four years. Solar prices in Perth are very similar to that across the country yet the feed-in rate from the Government is much better than in other states, with solar owners receiving anywhere from 20 cents to 40 cents per kilowatt hour depending on when they signed up to the scheme.
There are many companies in Perth offering solar installation and these companies will be able to provide information on the feed-in tariff rate as well as the best solution for your house and family as well as your budget.
With solar being such a great investment, both for the environment and for your budget long term, it is best to do some research into the tariff in Perth, and get the best deal for you.