South Australia could see 95.7% increase in energy bills: time to switch to solar

Facebook
Twitter
LinkedIn
Reddit
Email

South Australia has entered the renewable energy news twice this week, first announcing the opening of its largest PV systems in Adelaide Showground and later, the less positive warning published in Adelaide Now, from welfare groups that electricity prices for those in the area, could potentially double within five years.

In a submission to the Australian Energy Regulator, UnitingCare Wesley said residential consumers would pay 95.7% more over five years, due to rising generation, transmission and distribution costs and capital works programs.
 
This news of course brings with it the promotion for solar energy in the region, as although this is at present a slightly more costly option for homeowners, the prospect of 95.7% increase in conventional energy sources is not appealing to even the most anti-green out there.
 
The grid connect solar power option available in the region becomes a more attractive proposition for home owners, businesses and community groups in South Australia; especially given the thousands that can be currently saved on a system through the Solar Credits program.
 
Additionally, owners of solar power systems in South Australia can also benefit from the state’s net feed in tariff program, which is currently €0.34/kWh (AU$0.44). Small electricity customers in South Australia – that is a household, small business, community building, church or other facility that consumes less than 160MWh of electricity per annum  – are paid this premium guaranteed tariff of €0.34/kWh for surplus electricity produced.
 
The feed in tariff program is available to all qualifying South Australian residents, regardless of the electricity company that provides power to their premises.
 
South Australian business owners can also claim a tax deduction of up to 50% on a solar power system installed at their business premises under The Small Business and General Business Tax Break legislation.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Read Next

Premium
July 24, 2024
Policies in the EU and US to impose a carbon price on imported materials and goods will inevitably hit solar manufacturers.
July 24, 2024
The power purchase agreement consists of a portfolio of six solar PV projects located in the Italian regions of Lazio and Emilia Romagna.
July 24, 2024
A roundup of two agrivoltaics projects from different sides of the world, from US PV developer Avangrid and Lodestone Energy in New Zealand.
July 24, 2024
In Q2 2024, Enphase Energy shipped 574,000 microinverters from its US facilities, which benefit from the 45X production tax credits.
July 24, 2024
AEMO has granted BrightNight approval to connect its Mortlake Energy Hub, which includes solar and storage facilities, to the Victoria grid.
Sponsored
July 24, 2024
Sungrow's Lei Wang discusses the company's floating solar activities and opportunities for PV to go offshore.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
July 31, 2024
1:00 PM (BST) / 2:00PM (CEST)
Solar Media Events
September 24, 2024
Warsaw, Poland
Solar Media Events
September 24, 2024
Singapore, Asia
Solar Media Events
October 8, 2024
San Francisco Bay Area, USA