Electricity price increases make solar more sensible

When considering the economic advantages of going solar, it is important to take rising electricity prices into consideration. In the 2009/10 financial year, Queenslanders will experience a price rise of almost 16 per cent in electricity; New South Wales electricity prices will go up 20 per cent, Western Australia 10 per cent and the Northern Territory 18 per cent. In South Australia, residential customers will experience an increase of 4.4 per cent.

If you have an electric hot water system, installing solar hot water will reduce your energy bills. However if you install a solar power system, not only will you reduce the amount of electricity you consume from the grid, in those states with a feed-in tariff you can sell electricity back into the grid.

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This entry was posted on Wednesday, September 23rd, 2009 at 2:50 pm and is filed under News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.