The Government grant for solar installation will be reduced by 20% in July 2011 (an approximate reduction of $1200). This reduction in government support will mean that solar will become more expensive to install after 1 July 2011. The rebates will continue to decrease until 2015 when rebates will no longer be offered, as the Government believes solar prices will have decreased enough to be affordable.
To make your life easier in deciding what system is suitable for you and in fact whether you feel it is a worthwhile investment, we have created a solar calculator that takes into account your changing electricity consumption or production and the financing costs of installing. We have built the solar calculator so you can estimate what you think will be the increase in the cost of electricity into the future. The higher you think electricity prices will increase the more you will benefit by installing solar. [Read more…]