Springbok wrote:
So whats the verdict anyone?
It's not getting cheaper, and a $14,000 system that I'm having put in will pay for itself within roughly 6 years according to calculations done by a friend and that doesn't take into account price increases. He's a mortgage broker, but has branched out into finance for solar. Even if the feed in tariff is reduced, getting a tiny bill is better than a big one.
Anger Management wrote:
Check the reg with care... 1: Once over 5Kw there are some issues that you have to address as no longer considers a private matter and is potentially commercial. Thus tax implications and impact on any buy back rates.
The Inverter is 5Kw so I won't be going over that, so I'm safe. Energex won't allow over 5Kw in a domestic house as far as I know. Not sure why the extra .6Kw? I think the extra might be to boost power during low light, and account for any loss during the conversion process to the grid, I don't know. I just hope he knows! :rofl: He was also talking AC & DC? I'm no sparky so really it's all black magic to me.
Anger Management wrote:
2: Am I reading it correct that you have already had the early 1Kva system and still able to get rebates on your next lot ??? I was of the understanding that the rebate was a once off ?
You are reading correct. It's one of the reasons I haven't done it sooner because I thought it would cost me heaps more because I had already had the $8,000 rebate. I don't get any rebates on the inverter, just on the extra panels, so, 4.6kw which are in the form of recs sold to the company I'm buying the solar from.
Anger Management wrote:
3: If you can get 5.6Kva and a 5Kw inverter for $3K then that is a massive savings...
Sorry AM, I might not have explained it right. The system is $20,000, but the 3k reduction is from selling the recs to them. I got a further discounts because we are paying it outright & the family have already bought 2 systems from them. Buying bulk help I suppose. 😉 My neighbour's spreadsheet said my system would get a return on investment of around 17%! Try getting that from any normal, low risk investment. It does assume alot, like the fact that I'm not home much during the day (which I am), and that the feed in tariff remains the same, but even so it's probably better than having my money in the bank earning 4% interest (which I have to pay tax on!!!!) If your thinking of financing your solar and live in SE QLD I can pass on my neighbours website address and phone number. Just PM me. He's got heaps of info and can show you how it will all work.
