How Economically Viable is Solar Energy?

By Rich Bowden

A recent report by the University of Melbourne’s EnergyResearchInstitute has found that, not only is solar energy a viable form of energy, but that costs will compare favourably with traditional fossil fuel technology in the very near future.

The report, the Renewable Energy Technology Cost Review May 2011, was commissioned by  government climate advisor Ross Garnaut and included the current and expected future costs of three forms of renewable energy; wind, solar and thermal. [Read more…]

Solar Payback Calculators Launched

How long will it take a solar power system to pay for itself?

What will my next bill be with solar?

How will electricity price increases affect the payback?

What about the Feed In Tariffs?

Is it a good idea to put the cost of the solar system on my mortgage?

What about one of those “Green Loans”?

These are questions I get asked every day. To help you answer them we are proud to announce that we have just released three solar power calculators:

1) Solar Savings calculator : How many $ will you save and what’s the payback if you pay 100% upfront for your solar system? This calculator wil tell you.

2)Solar Home Loans: Will you still save money if you add the cost to your home loan? What will you pay extra (or save) per month compared to not having solar? This calculator wil tell you.

3)Paying for Solar with a Personal Loan? Is it a good option financially? This calculator wil tell you.

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