Saving with solar
By installing solar panels you can reduce your energy bills and generate your own clean energy. You may also be eligible to receive a feed-in tariff for any excess electricity your system generates.
Your retailer monitors your solar and mains electricity use via your meter. Your smart meter means you can monitor your own consumption patterns, and make more efficient choices.
Solar hot water
Solar power may be used only for your hot water system. Because heating water is typically a large percentage of your power bill, this is a very cost-effective measure. You can receive an Energy Saver Incentive for installing a solar hot water system.
You can install a solar photovoltaic system, or solar panels, which convert electricity from light and contribute to the energy needs of your home or business.
Will solar replace all my electricity costs?
Usually a solar photovoltaic system won't replace all of your household electricity. This is because a solar system only generates electricity during daylight hours and some appliances, such as your fridge/freezer, require a constant supply of electricity.
However, installing a solar system can still give you significant savings, especially if you can shift some of your energy use to daylight hours, when your system is generating electricity.
People who have installed a large system and receive the Premium Feed-in Tariff may offset their entire bill (or even accrue a credit on their bill), though this is much less likely today due to a reduced feed-in tariff.
The feed-in tariff
If you are a new solar customer you can receive a minimum of 6.2 cents per kilowatt hour (kWh) for the excess electricity that you return to the grid. This rate will be reset on an annual basis by the Essential Services Commission in line with the adjusted wholesale price of electricity.See Energy and Earth Resources for more information.