The Victorian Premium Feed-In Tariff, which gives households with solar on their roof $0.66 for every kW of electricity that they export to the grid, is set to reach its cap in the next week or so. Once the cap is reached, the default position is that households will receive a 1:1 tariff (meaning that if you buy electricity at $0.23 per kW, you'll receive $0.23 for every kW you export).
By placing an order for solar before the cap is reached, you are giving yourself the best possible chance of maximising your returns on solar. For example, the Victorian Premium Feed-In Tariff could save you up to $4300 a year off your electricity bill depending on the size of your solar power system, and the amount you export to the grid. If that amount exceeds your current bill, then any balance is tax-free money in your pocket!
With so much uncertainty on global stock markets at the moment, smart investors looking for reliable, tax-free returns are turning to solar! Call an Advisor on 1300 882 640 to find out more.
