Huge Subsidies (and waiting lists) for Solar Hot Water in QLD

The Queensland Solar Hot Water program is delivering and installing $500 systems for eligible Queenslanders and $100 for pensioners. But as you might expect, there is the mother of all waiting lists.

To date more than 850 customers have been allocated to suppliers to conduct inspections and install new systems.

By the end of this week over 110 systems will have been installed in Brisbane and a further 200 have been contacted to arrange site inspections.

More than 43,000 Queenslanders have registered their interest to participate in this program with more than 10,000 completed applications received so far.”

The Queensland Solar Hot Water Program wants to make it easier and more affordable for Queenslanders to switch to solar energy to heat their water.

Under the Program, eligible people will have access to a standard installed and warranted solar water heater. The price given will be less than what is currently available in the market.

The Queensland Government has made a Standing Offer Arrangement with a number of companies. The arrangement is to supply people with high quality solar water heaters. The cost for them is a payment of $500 or $100 if they are pensioners or low-income earners.

The only payments people will have to pay are expenses for non-standard installations (e.g. Council fees, pipes, cables, additional electrical equipment or plumbing, or electrical switchboard upgrades.).

This Program will help the replacement of energy greedy electric storage how water systems for greenhouse friendly solar water heaters.

Installing a solar water heater will give your house energy savings of up to 25 per cent. It will also cut household greenhouse gas emissions by up to 30 per cent.

This Program will also help transition the community towards the 2010 Electric Storage Hot Water System Phase Out.

Learn all about solar hot water systems without the sales pitch at our brand new site: www.SolarHotWaterQuotes.com.au

NSW Feed In Tariff Surprise: It’s Gross (in a good way!)

Yesterday the NSW Government surprised renewable energy fans by switching the new feed in tariff from a net to a gross tariff.

This means that owners of solar systems in NSW will now get 60c per kwh for all the electricity they generate.

Previously you were only going to get paid for the power exported to the grid (i.e not the power you used in your house)

This makes a huge difference to the economics of buying a solar power system in NSW.

Plugging the numbers into my solar calculator shows that a good quality 1.5kW system will pay for itself in just over 4 years.

In fact you’ll be getting around $120 per month of income from the outset. And the benefits will only go up as electricity prices rise.

Even if you take out a $7000 loan at 7% interest the system would be cash flow positive from the outset. See for yourself here.

That’s a better return, and much lower risk than most other investments these days.

Have a play with our solar calculators to see if it makes financial sense for you. Just put ‘Feed In Tariff %’ as 100% and ‘Feed In Tariff Price’ as 60c and the calculator will work out the payback and monthly savings.