THURSDAY 05 JULY, 2012 |
Energy Matters Offers $1 Deposit Solar Deals In Queensland
Queensland households can now secure a solar power system from Energy
from as little as $1 deposit; an effort by the company to help
Queenslanders go solar before a deadline for the state's solar feed in tariff
incentive hits at midnight on Monday.
Once the deadline passes, what was Australia's most generous current feed in incentive
rate will be reduced to a
shadow of its former self for households that don't have their applications
submitted in time.
To help as many households as possible maximise their financial return, Energy
Matters is running special
solar panel system deals
until close of business Monday, July 9, which can
be secured from as little as $1 deposit. The Energy Matters 1300 727 151 hotline
will remain open this evening until 7pm and 10am - 4pm Saturday and Sunday.
While how much those acquiring a solar power system and submitting an
application after July 9 will miss out on will vary depending on system size and
Matters says the loss in financial benefits could be up to $20,000 over the life
of a system; possibly even more.
After July 9, applicants to the Queensland Solar Bonus Scheme will receive 8c
per kilowatt hour for surplus electricity exported to the mains grid, plus a 6 -
8 cent per kilowatt hour electricity retailer contribution. This represents up
to 68% reduction of the current 44c per kilowatt hour rate. While solar will
remain a solid investment post-July 10; the new feed in tariff incentive rates
will extend system payback time.
According to a report received by Energy Matters, since the Queensland government's announcement to slash the program, well over 15,000 grid connect applications
have been processed in the state. These will add to the 180,000+ solar power
systems already installed in Queensland, further cementing the state as
Australia's home solar power stronghold.
The level of grid connect applications in just 9 days appears to have exceeded
the previous record of 14,530 applications for an entire month for Queensland's major electricity distributor, which occurred
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