| Solar energy for homes gets more popular every | | | | Typically, if you would like a new 1kW system, |
| year. As the cost of manufacturing decreases it's | | | | you will get approximately $3,500 off the cost. If |
| quickly turning into a reasonable as well as | | | | you'd like 1.5kW or more you'll then be able to |
| practical option for many home-owners. The | | | | reduce the cost by around $5,600. |
| government is assisting people with tax rebates | | | | So how much does this mean you could spend on |
| they provide to people who elect to go green. | | | | a system? |
| Why Use Solar Power? | | | | Here are some ballpark figures with regard to |
| Solar power for homes is good for the | | | | costs. These figures will vary by around |
| environment as it does not contribute to green | | | | $1,000-$3,000 depending on variances such as |
| house gas emissions. Using solar power to heat | | | | panel or inverter brand, supplier and individual |
| water alone, greatly reduces carbon-dioxide | | | | supplier cost agreements. |
| dispensation, giving our atmosphere a better | | | | > Typical price of a 1kW solar system is |
| chance. | | | | approximately $8,500 |
| How does the Government help? | | | | > Government's Solar Credits Rebate is $3,500 |
| Solar Credits is the term assigned for the | | | | > Cost to you personally to get 1KW of solar |
| Australian government's latest solar subsidy for | | | | power is is around $5,000 |
| homeowners, businesses and neighbourhood | | | | > General cost of a 1.5kW solar system is |
| communities. On 20 August, the program was | | | | $11,500 |
| authorised in government law, subsidising the | | | | > Government Rebate is $5,500 |
| expense of supply and install of a new solar | | | | > Cost for you to get 1.5KW of solar power is |
| renewable energy system (no means testing | | | | around $6,000 |
| necessary). This program is in contrast to it's | | | | As you can see, the way in which the Solar |
| predecessor which was means tested for a home | | | | Credits scheme works, the 1.5kW system is |
| income of $100,000. It's the most recent in a | | | | actually much better value. You get 50% more |
| variety of schemes, which unfortunately appear | | | | electricity for only about a 20% greater cost. |
| to change more often than most of us can keep | | | | The solar credits scheme maxes out at 1.5kW. If |
| up with. | | | | you want a system bigger than that your solar |
| The questions people most commonly seek the | | | | credits will reach it's limit at about $5,600. The |
| answer to are: | | | | great news about this is that individuals will have |
| 1. How much will I be able to receive off the price | | | | the ability to claim back around $500 - $600 for |
| of a solar system? | | | | each additional kilowat (kW) in Renewable Energy |
| 2. How much will a solar system cost us | | | | Certificates (RECS). |
| currently? | | | | |