What the End of the Solar Bonus Scheme Means for You

You probably know the Solar Bonus Scheme is ending on 31 December 2016. So what does that mean for you?

If you’re currently on the 20c or 60c Feed-In Tariff…you’ll want to switch to a net meter by the end of this year. Talk to your energy provider… but before you sign anything, make sure you ask them about the tariff they’ll be charging you, and if you’ll be locked into a contract for a set period. If you don’t get a net meter organised, you’ll find yourself sending all the power you generate back to the grid at 6c/kWh (and having to buy it back at a much higher cost!)

After you’ve had your net meter installed, only the surplus power your solar system generates (ie. any power that you don’t use up yourself) will get sent back to the grid. The idea is therefore to use the bulk of the power that your system generates to meet your own energy needs, and minimise the amount you send back to the grid. You can read more about making the switch here. Feel free to contact us for help.

If you bought solar after 20 April 2011… you’re already on net metering, so nothing changes for you. Until such time as you have a battery storage system in place, making the most of your solar system means making the most of the power it generates during the day. Where possible, use appliances like your dishwasher, washing machine and clothes dryer during daylight hours, when the sun is shining on your panels.

If you’re thinking about buying solar… there’s still every reason to do that. You still get a generous government rebate (which covers up to 30% of the cost of your system) and as soon as you start generating your own power, your electricity bills will drop. That’s what we want to see! Read more about buying solar panels, find out why it’s a good idea to use a broker, and contact us today to get started.

2017-05-19T14:33:52+00:00October 6th, 2016|General|