Grid Connected Solar is the Best Investment You Can Make - Up to 40% Return on Investment
With solar Feed In Tariffs (FIT) rising in 2017 to 12-16c per kWh of energy sent back to the grid, it is now feasible to eliminate a small electricity bill completely with rooftop solar - without battery storage.
Financial Benefits of Grid Connected Solar
Exporting power to the grid can help off set your power bill and the more you can produce, the better your savings. 888 Solar Tek only installs in the Northern Rivers of NSW and Essential Energy is the Network provider for this region. They have restrictions on how much power you can export to the grid and this can limit how big you can go.
Most homes are limited to 5 kW of export for a single phase, which limits solar system inverters to an output of 5 kW unless they have export restriction devices fitted. Homes that have three phase power fitted can sometimes export up to 5 kW per phase, making it more lucrative to install more panels.
If You Use Less Than 10 kWh per Day...
Install 5-8 kW of Solar Panels to Zero your power bill.
With Feed in tariffs at 12-16c you can now sell power back to the grid as part of a strategy to minimise and eliminate power charges completely. Production from 2.5 kW of solar - about 10 panels - will offset the dreaded electricity supply charge when all the generated power is exported. You now get half as much for the power you sell as it costs you to buy from the grid. If you export enough, the rest of your power charges can be eliminated. This strategy is ideal for retirees or small households.
If You Use 10-25 kWh per Day...
Install 5-8 kW of Solar Panels and Batteries if Export is Limited
If Essential Energy will let you export 5 kWh or more to the grid, then stacking your roof with as many solar panels as possible will work well for you. If export is limited, consider storing extra power in a battery bank for night time use. A combination of solar for export, self use maximised during the day and battery storage is a great strategy to bring your bill closer to zero for medium households with 3-4 people.
If You Use More Than 25 kWh per Day...
Install 8+ kW of Solar Panels and Solar Batteries
Export 5 kWh to the grid, use as much as you can during the day and store power for night time use in a larger bank of solar batteries. Power prices are expected to rise by another 50% in the next 2 years, so everything you put in now will work even better in the years to come. Get a free energy plan from 888 Solar Tek because every home is different and you need help to get your solar system sized right and working perfectly.
Return on Investment - ROI
This is the area where the Grid Connected Solar System shines. Government subsidies are paid for the number of solar panels installed and grid connected solar has the highest proportion of solar panels to total install cost, easily giving the best return on investment available within the current electricity billing regime.
At 888 Solar Tek we use a unique solar investment return calculator to estimate your potential return on your solar system.
When you order a free home assessment our trained design consultant will advise you on the best solution to maximise your return for every dollar you invest in a quality solar solution. Your power bill will show us your typical energy use and we can match a solar system to give you the greatest power savings for your money.
Here is an example for a client who uses only 5 kWh per day:
This household has an annual power bill of $1,202. With an estimated $1,452 of benefit from their solar system they will end up getting a credit of $250 back from their energy supplier this year.
Getting the Most Out Of Your Solar Power
47% of all solar power produced on residential homes is now exported to the grid.
Maximising Daytime Use
One of the biggest drawbacks with grid connected solar is that we are sharing with the grid, but it is not an equal exchange. When export to the grid pays so little and buying power back costs so much, we need to find more ways to use the power ourselves. Unfortunately for most home owners, most of the power gets produced when we are not home.
Wherever possible you should use your generated power yourself, this means doing as many power using activities during the day when the sun is shining and avoid using power in the evening when there is no solar power. The most power hungry household items that use about 60% of your power include: