$1.45 Billion Spent On Solar Power Systems In Queensland by Energy Matters

$1.45 Billion Spent On Solar Power Systems In Queensland

by Energy Matters

Since March 2011, Queenslanders looking to slash their power bills have spent an estimated $1.45 billion on solar power systems - around $2 million on average a day.

  

According to The Australian, the figures were provided by the Clean Energy Council  for The Courier-Mail. 

  

There are now approximately 282,000 rooftop solar systems installed across Queensland and the solar splurge isn't over yet. Electricity costs in Queensland for an average household could increase by $253 a year soon and this will spur on more households to make the switch to solar.

 

Additionally, thousands of Queensland residents who were approved for the state's previous 44c feed in tariff incentive are yet to install systems and a last minute rush is expected in order to beat a looming installation deadline.

   

According to national solar provider Energy Matters, under the prior 44c per kilowatt hour feed in incentive, a 5kW solar panel system installed in Brisbane and other parts of the state with similar solar resources can provide a financial benefit of more than $70,000 over the lifetime of the array.

  

Energy Matters is currently offering 44c-eligible Queenslanders its new "Save As You Go" option; a zero-deposit payment plan where the electricity bill savings in most instances are equivalent to the payment plan. Once the solar system is paid off in full, the electricity produced from then on is essentially free.

 

For Queensland households not eligible under the previous feed in tariff rate, Energy Matters is offering systems at the company's best prices ever; including a5kW solar array package currently on special that also has a payment plan option.

 

For those who aren't eligible for the 44c rate;  the current Queensland feed in tariff incentives pays up to 16c per kilowatt hour in total for surplus electricity exported to the mains grid, however the biggest savings are to be made from self-consumption of solar electricity generated.