Solar energy has long been considered a long-term investment because it not only helps reduce your rising electricity costs but also allows you to export excess energy generated by your PV system to the grid for years to come. This traditional way of earning extra income is very popular across many locations in Australia. However, there are also other ways to earn money with solar. Let’s explore those:
Feed-In Tariffs
One of the most preferred traditional ways of selling excess energy is by exporting it directly to the grid. If your system generates more energy than your daily consumption, it will automatically be exported to the grid, and in return, you will receive credit amounts—Feed-In Tariffs from Government. The rates for exporting each unit to the grid can vary depending on your retailer and Government Policies. Now More About Feed-In Tariffs.
To increase the amount of energy you can export, you can easily add solar batteries to your PV system. This allows you to store extra energy and sell the excess whenever required.
Exporting to Origin Loop
A newer way to earn money with solar by selling excess energy is by joining the Origin Loop. To participate, simply contact an Origin VPP Preferred Partner, such as Arise Solar, and register for the Origin Loop. By doing so, you’ll receive:
- A $200 sign-up bonus
- $1 per kWh for energy discharged during an event and sent back to the grid
- No lock-in contract
- Easy tracking in real-time via the Origin app
Power Purchase Agreements (PPAs)
In simple terms, a Power Purchase Agreement (PPA) involves entering into a contract with a third-party company to install a solar system on your property. In return, you agree to purchase the electricity it generates at a discounted rate. With this method, you don’t own the solar system, but you benefit from the electricity at a much lower cost. In some agreements, you may also share the profits made from exporting excess energy to the grid with the third-party owner.
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