![]() ![]() “Right now, customers get about half the value from their rooftop solar in the cheapest source of electricity for themselves, and the other half is the value they export. This would effectively “extinguish” the chance a household solar system could pay for itself, he said. He told The New Daily if the AEMC’s proposed changes were adopted, it would make exports for the typical Victorian household “worthless”, as the $100 annual charge would match the average amount those solar consumers make from feed-in tariffs. Right now, the average payback period – the time it takes for a system to pay itself off – is six to seven years for those without subsidies, according to Victoria University’s Victoria Energy Policy Centre director Professor Bruce Mountain. Could the tax affect my system’s value for money? The price of installing solar panel systems varies depending on the state and the quality of the system.Īccording to solar energy comparison website Solar Choice, the average 3kW system nationally costs $3900 to instal while 6kW systems cost $5570.Įligible households have been helped along with subsidies at the federal level – averaging a $525 saving per kW installed – and further rebates and green loans at the state level.Īnd the rampant uptake of solar, including over 300,000 installations in the 2020 calendar year, has helped drag down the average cost of installing solar systems substantially. How much does it cost to install solar at the moment? In its report, the regulator – which tried to implement a blanket solar tax four years ago – stressed the savings made from self-consumption and feed-in tariffs (deductions to energy bills based on exports) still outweighed the tax. But time-of-use savings would drag that down to $74 per customer. In essence, networks will impose pricing mechanisms that encourage households to export rooftop-generated solar only when the grid needs it most, and would charge them in the range of two cents per kilowatt-hour (kWh) in moments of high demand.ĪEMC modelling suggests the average cost to solar-producing households is $100 annually for a typical 5kW system. ![]() Under the AEMC’s proposal, solar-producing households creating excess energy would be charged under a “two-way” pricing structure that kicks in when the electricity network is at peak congestion. So, what are the changes? And how could they affect everyday families? What are the proposed changes? ![]()
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