Financial savings

Our research of our customers confirmed what we already assumed to be the case, the vast majority of people that invest in solar do so for the financial benefits, all the other benefits of solar are a bonus, but are not the main impetus for considering the switch.

We have a ‘customer stories’ section that goes into a more detailed financial discussion and analysis, but in short, investing in solar can be up there with property and stock investments for security and value for money.

A realistic solar solution will set you back about $15,000, by realistic we mean a system that can significantly reduce or completely remove your bill, not a 6 panel $3000 system from China. Now $15,000 can seem like a hit when you are affording your $400 bill every quarter, but Sun Connect has a unique 84 month loan which can mean your weekly or monthly solar repayments are neutralised by the credits you receive on your bill from your power company.

We have several customers that have or are tracking to a complete return on investment within 4-5 years and they are now enjoying no electricity bill. They have also added value to their home and have protected themselves against the power price hikes that are expected from not only the impact of the carbon tax, but the billions they are expecting to spend in the next 2 years on electrical infrastructure investments.

Government Incentives

The Federal Government has an ambitious target of reducing the countries greenhouse emissions by 20% by 2020. This is a huge undertaking and a huge promise and the Government are enacting a number of industry enabling funding sources throughout the renewable industry including ours, solar.

There are two main ways the Government are funding your investment, the first way is through Renewable Energy Certificates (RECs). These are credits that are provided to you either as an upfront discount on the purchase of your solar system or as something you can claim back yourself post your solar investment. This rebate can be up to several thousands of dollars, which covers a fair percentage of your solar investment.

The second way the Government funds your investment is through feed-in tariffs. The feed-in tariff is a monetary figure you receive for every unit of energy that you pump back into the grid. During the day you might not use as much electricity or be at work so will be pumping a lot of excess power into the grid and receive as much as 66cents (Vic) for every unit of energy you sell back to your utility, that’s more than triple what you buy your electricity at. Some power companies provide you a credit on your bill and others make a monthly or quarterly payment to you, which for some of our customers, has been well into the several hundred dollar mark every quarter.