If you are one of the 150,000 households in NSW enjoying a 60c/kWh gross feed-in-tariff, that is all about to change come 31 December 2016.
Don’t sit back and think about it, you need to act now, install batteries, upgrade your meter and get ahead of the pack otherwise you’ll be on a waiting list to get an electrician who is actually qualified to change over your meter.
Under the current NSW rules, there are not enough qualified electricians to do the job. It is estimated that if all of those qualified did these new meter installations and nothing else for a year, they could still only change 50,000 meters. This means you’ll be waiting a while and while waiting, you’ll be paying a hefty power bill.
If you are one of the households that cannot get your meter changed in a quick timeframe, then you’ll receive only a meagre feed-in tariff for your entire solar output – say around 6c/kWh – while paying the retailer rate – between 22c/kWh and 30c/kWh – for any electricity consumed in the home.
For a household with 3kW of rooftop solar, the average daily output is around 12kWh.
Under the current NSW solar bonus tariff, you are receiving $7.20 a day for your output. Depending on your electricity usage, you might be receiving a cheque in the mail, rather than a bill, each quarter.
Under the new tariff arrangements, you’ll receive a ‘net tariff’, of around 6c/kWh. If you don’t change meters, you’ll receive 72c a day, rather than $7.20.
Contact us today, we’ll talk you through the available solar battery solutions to make sure they are suitable for your home energy needs.