COULD YOU BE SAVING MORE WITH YOUR SOLAR?
FIND OUT IF YOUR FEED-IN TARIFF IS RIGHT FOR YOU
If you were one of the many South Australians that got solar early, your system might be on a premium feed-in tariff.
And while the tariff may have served you well before, things change. So just like any investment, it’s a good idea to take a fresh look at your solar and see if you could be doing better. If you have a premium tariff but your bills are still too high, then it’s time to look at upgrading.
Keep reading for more details or deep dive into the topic in our blog post. But if this already sounds like you, request a quote to learn if more solar or a battery could actually leave you better off*.
David and Heather Save With More Solar
David and Heather* have a small solar panel system on their roof that they bought from ZEN Energy about 10 years ago. The system receives the premium feed-in tariff, so they get 44 cents for every kilowatt hour unit of solar energy they send to the grid.
But a lot has changed for David and Heather in the 10 years. From some simple discussions, they find they could be more than $500 better off every year by installing more solar and losing their premium feed-in tariff.
How is this so? Check out their example story in our blog post for more details.
*David and Heather are fictitious, but their example is true of many early solar adopters. And they’re really quite lovely too – trust us 😉
Low Credits? More Solar!
In simple terms, if your electricity bills are too high and your feed-in tariff credits right now are less than the savings that can be achieved by more solar or a battery at your home, then it’s time to look at upgrading.
Step one is to gather up your last 12 months of electricity bills and add up all the feed-in tariff credits you see on them. Once you’ve done this, you will have your total feed-in tariff credit, in dollars, over the last 12 months.
Step two is then to know what a typical solar or battery system in Adelaide could be delivering in savings. This table gives an idea of the sort of savings more solar could deliver over 12 months, or you can use our online solar calculator.
Step three is to compare your answer from step one with the solar savings you see in step two. If your bills are too high and you total feed-in credits over the last 12 months are lower than the potential savings of more solar, you might be better off to get more solar or a battery*.
|Average Grid Energy Use||First year savings from 3kW solar||First year savings from 5kW solar|
|10kWh per day||$800 to $1200||$1300 to $1600|
|15 kWh per day||$1000 to $1500||$1400 to $1900|
|20 kWh per day||$1100 to $1600||$1500 to $2200|
* Adding more solar panels or battery storage to your home is likely to result in you losing your premium feed-in tariff. Whilst your ZEN Energy consultant will make every effort to analyse your situation and talk you through your options, if your consideration of an upgrade is financially motivated, we strongly recommend that you seek independent financial advice when considering your upgrade.