Prepare to benefit from the recent tariff increase
Householders in Australia with residential solar photovoltaic panels have some exciting news! AGL recently announced an increase in the amount they pay for electricity fed back to the grid, making it a great time to invest in solar panels. Not only are solar panels an environmentally friendly choice, but they can also help lower energy bills and provide a return on investment.
Increases effective from July 1st
As a direct result of wholesale power price rises across NSW, Queensland and Southern Australia, and expected inflation of power bills across these states, residential customers will see an increase of between 77 and 140 percent to their feed-in tariffs. It is estimated that for some customers, this increase could be worth and additional $321 per year in savings, obviously dependent on the amount of solar energy they produce and export to the grid, and also the state that they live in. EnergyAustralia and Origin are also planning to raise tariffs.
Solar power in Australia
Australia, more than any other country in the world, is blessed with the highest solar power radiation per square km. which has sparked a revolution amongst householders. We have been able to maximise this enormous and sustainable source of energy across the nation, extracting solar power for our energy requirements. Solar photovoltaics (PV) systems produce energy direct from solar resources. If you spot a shiny black or blue, silver framed, solar panel on someone’s roof, it’s highly likely its solar PV technology at work.
Solar panels are a practical investment, providing many benefits, not only by lowering energy bills but by benefitting from this recent tariff increase for energy feed back to the grid. It’s a win-win situation.