How does a solar electricity plan differ from a regular electricity plan?

A solar electricity plan differs from a regular electricity plan primarily in terms of the solar feed-in tariff. With a solar electricity plan, you generate your own electricity using solar panels. The surplus electricity produced can be fed back into the grid, and in return, you receive a feed-in tariff. This means that you are credited for the excess electricity you contribute, reducing the overall cost of your electricity bill. In contrast, a regular energy plan does not have this benefit, and you solely rely on electricity supplied by the grid without any credits for the surplus power you generate.

Can a solar electricity plan help me save money on my electricity and gas bills?

Yes, a solar electricity plan has the potential to save you money on your electricity and gas bills. This is because if you bundle both utilities together, some power suppliers will let you use your feed-in tariff payments to offset the usage charges on your gas bills. This way you’ll get a reduction in both your gas and electricity bills from your solar panel output.

How much does an average solar system cost in Australia?

The cost of an average solar system in Australia will vary depending on several factors such as the size of the system, the quality of the components, and the installation requirements. As of 2023, the average cost of a 6.6 kW solar system, which is one of the most common sizes for residential properties, ranges from around $4,000 for a cheap solar plan up to $8,000 or more. Various government incentives and rebates can help offset the upfront cost of installing a solar system, making it a more affordable investment in the long run.

Do solar electricity plans have different pricing structures?

Yes, solar electricity plans can have different pricing structures depending on the energy retailer and the specific plan. Some plans may offer time-of-use tariffs, where electricity rates vary based on the time of day. It's important to compare and understand the pricing structures of different solar electricity plans to determine which one is the best for your energy consumption pattern.

Can I bundle my solar electricity plan with other services for additional savings?

Yes, many energy retailers offer bundle options where you can combine your solar electricity plan with other services for additional savings. Bundling your solar electricity plan with services such as gas or even internet and home insurance can lead to discounted rates or special offers. This bundling convenience allows you to manage multiple services under one provider, potentially streamlining your billing and providing cost savings.

How does a solar electricity smart meter work?

A solar electricity smart meter measures and records the amount of electricity consumed in a property. It works by monitoring the flow of electricity from the grid into the property plus the electricity generated by connected solar panels. The smart meter provides real-time data on electricity usage, allowing homeowners to track their energy consumption and understand how much electricity is being generated by their solar system. It accurately measures the surplus electricity that is fed back into the grid. Additionally, smart meters often come with advanced features such as remote monitoring and online portals, providing users with convenient access to their energy data.