On December 31st 2016, the Victorian Transitional Feed-in Tariff (TFiT) will be coming to an end.
This means that anyone who had installed their solar system installed between October 2011 to September 2012 will have their Feed-In Tariffs reduced from 25c – 33c per kilowatt hour (kWh) down to 5c per kilowatt hour.
That is an 80% reduction.
This dramatic drop in price will mean that your power bill is about become a noticeably higher than what you are used to.
Here is an example of what the changes could look like on a smaller 3kWp system, assuming that 50% of the power generated by the system is sold to the grid:
(Transitional Feed-in Tariff = TFiT)
And on a larger 5 kWp system, with 50% of the power generated sold to the grid:
(Transitional Feed-in Tariff = TFiT)
Two simple ways are:
- Install a battery system to use your solar power at night
- Expand your system by installing more and higher efficiency solar panels
Get battery storage with Reposit:
A battery storage system allows you to store the energy you’d normally send out to the grid and use it at night. And in the last few years battery technology has rapidly developed, leading to products such as the Tesla Powerwall and LG Chem batteries becoming available for domestic, grid connected homes.
Batteries are now simpler, more reliable and more affordable than ever. And by combining a battery system with Reposit you can payback your battery in a fraction of the time*.
It does this by measuring your energy consumption, energy prices and even checks the weather forecast for how long the sun will be shining on your solar panels.
Reposit then automatically calculates the best times to buy, sell and store your solar energy, giving you the maximum possible savings from your battery system.
Best of all, you can sell your excess energy to the grid for a $1 per kilowatt hour!**
Easily upgrading with microinverters:
One good thing about the loss of the Feed-in Tariff is you will be finally allowed to upgrade your existing solar system.
In the past, upgrading a solar PV system meant that the whole system would be removed and replaced with a brand new one. Adding onto a system was only possible by adding a whole new system to the roof.
But not anymore.
Enphase microinverters are small inverters that attach to the back of solar panels. Rather than all of the panels connecting a single inverter and then forming a full system, each individual panel is now a working system. Microinverters also remove the need for all panels to be facing the same way.
With microinverters you can add as many or as few panels as you need, and put them in areas of your roof that previously weren’t considered suitable for solar such as the East and West sides.
And by using high powered panels such as the Yingli Panda, you can generate even more power. Enphase inverters also have excellent monitoring capabilities, showing you what your system is doing and if any panels are under performing.
Best of all, if you upgrade with microinverters, we can even monitor your existing system!
Battery storage and system upgrades are great ways to mitigate the loss of the Feed-in Tariff.
Our waiting list for installation is growing everyday so don’t wait until you lose your tariff to book an upgrade.
Click the button below to make an enquiry.
Once you’ve made an enquiry you will receive a call from our solar team to talk you through the options and book a time for a consultation and site inspection.
*This is a typical result for working families on a Time-of-Use tariff with a moderate-high peak tariff on a GridCredits(TM) energy plan. Results will vary based on a veriety of geographic, behavioural and economic factors.
**$1 rates are only available at certain times and only with certain electricity providers. Please contact us for more information.