Electricity produced by your solar system will be subtracted from your electricity bill, generally at the same rate to what you pay or similar, depending on the size of the system and which electricity retailer you are with. The introduction of Feed in Tariffs in some Australian states and territories ensure that solar power system owners are paid a premium for the solar electricity that they produce (see the rebates page for more information). Time of use metering used by some electricity retailers can also increase the value of the electricity produced as electricity prices tend to be highest during the daytime. Installing a solar power system also insures against rising electricity prices.
Be a Leader
With ever growing awareness of the issues regarding climate change, there are significant advantages for businesses who are seen to be taking a proactive approach to reducing their impact. Solar power is a great option as not only is it a highly visible and well known method of making a contribution to reducing greenhouse gas emissions, it will also give ongoing cost reductions rather than continuously costing money like many other environmental options.
By installing a solar power system you could save tonnes of carbon dioxide emissions every year and make a huge cut in your carbon footprint. Solar power is a simple, effective and tangible way of making real change by reducing the amount of coal fired electricity you need without any loss of amenity or quality of service. In addition to CO2 emission, coal fired electricity is responsible for large amounts of other emissions, including those containing sulfur and mercury, uses vast quantities of fresh water and requires locally distructive mining.
Investing in a PV solar power system involves significant initial capital costs so it is important to understand the financial aspects of such an initiative. In addition to the money you will save on your energy bills, there are a number of government incentives available to help ensure that your investment pays for itself as soon as possible. The rebates page contains information relating to the financial dimension of solar power systems and how to maximise the return on your investment. For more information please feel free to contact us.
Solar Power systems are a depreciable assest which reduces ongoing operating costs by reducing the amount of electricity required from the grid, especially during expensive peak periods. The benefit of this depreciation will vary from business to business and is best assessed by your accountant or financial planner.
Renewable energy technologies have been found to create twice as many jobs as fossil fuel technologies for the same amount of electricity produced. By supporting renewable energy you can help to create more jobs in this interesting and growing field.
In addition to the financial incentives listed above, there are a wide range of intangible, non-financial benefits associated with solar power. The most important of these is the environmental, pollution reduction benefits. Other benefits include: early adopter leadership advantage, marketing opportunities, increased energy independence and educational value.