Solar feed-in is a program that allows Australian homeowners with solar panels to feed energy back to the grid. You receive credits for every kilowatt-hour of excess electricity the solar photovoltaic system exports. While you do not receive direct cash, the credits will offset your monthly gas and electricity bills. This process allows homeowners to reduce their reliance on the grid and slash their carbon footprint.
The government offers several incentives to residents who install solar panels. Readers should research solar feed-in tariffs in VIC to learn how to benefit from local programs. One of the incentives is a rebate, providing a subsidy of up to $1,400 for purchasing a solar-powered system. To be eligible for the rebate, an individual must own an existing or under-construction property. Note that the combined household taxable income must be less than $180,000.
The relief is greater for businesses in Victoria that can claim $4,900 to install a solar panel system. Moreover, eligible companies can also acquire an interest-free loan of up to $5,000 to go solar.
Tips to maximise your energy output via solar plug-in
Optimise the placement of solar panels to ensure that they receive the maximum amount of sunlight possible. This is crucial to your overall energy generation and export.
Reduce energy consumption by installing energy-efficient lighting and appliances.
Invest in a larger system that will generate enough energy to power your household and more. You must accurately measure your consumption first before investing in the system. This will give you a range to work out profit margins.
Compare energy plans and shop around as retailers provide unique plans catering to different households. Reassess your plan annually to ensure you’re getting the best deal.
Things to keep in mind when considering investing in solar panels
Pay close attention to your roof structure as its strength degrades over time so get it checked out by a professional roofer. The roof should be able to support the weight of the panels. If necessary, reinforce the roof before installing a new system.
The orientation of the roof should be taken into account. The ideal direction is south-facing, which would draw the maximum amount of sunlight.
Solar panels require routine maintenance to ensure they function smoothly. Check the specific requirements of the panels before investing in them. Some providers offer upkeep services when you’re buying new panels. This is an excellent opportunity to negotiate a favourable maintenance schedule so your investment pays big dividends.
