Without the generous rebates and feed-in tariffs from a decade ago, is it still financially worth it to install solar?
That way they're using the solar energy produced on their roof for free, rather than paying for electricity from the grid.
Any extra electricity they don't use is sold back into the grid, which means they get some extra money.Woohoo! I'm generating extra power! Tell me what to do nextYou need to ask yourself: are you better off using that during the day? Or keeping old habits and using the bulk of your electricity at night, essentially buying it from the grid?
About a decade ago, retailers were paying up to 60 cents for every kilowatt hour that households fed back into the grid. Victoria is the only state to have a mandatory minimum rate which is set by the Essential Services Commission. It can either be a single rate or a varying rate depending on time of day .
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