Australians, it’s time to start saving as the federal government is expected to increase power prices by between 2.5% and 8.9% for residents in New South Wales, Southeast Queensland, and South Australia. Federal and state energy ministers have urged the Australian Energy Regulator to reconsider its planned hike in power prices, as it could significantly impact the cost of living for citizens.
In this critical and unavoidable situation, the question remains: Is it a good time to go solar now? The answer is: Yes, yes, yes!
Power Prices May Rise by Up to 9%
Power prices for ordinary households in NSW may increase by 8.9%. In south-east Queensland and South Australia (SA), the potential rise could be between 5% and 6%. Additionally, there are currently no announcements regarding new rebates for installing photovoltaic (PV) systems in residential homes. While the ongoing solar battery rebates and small-scale technology certificates will continue for some time. Also, lower feed-in tariffs are making it more challenging for customers, as they will receive very little credit against their electricity bills.
On the other hand, due to high fluctuations in the solar market, production and transportation costs are expected to rise soon. This will result in even higher end prices than before.
Looking at all these situations we can definitely suggest that all those who are not unprepared for this challenge should quickly obtain a quote and complete the installation as soon as possible.
How can installing a solar system benefit you during this crisis?
- You can save significantly on your energy costs.
- Rather than facing high energy bills, you’ll enjoy savings through solar energy.
- These savings can be invested or used for future needs, or you could treat yourself to something special.
So. Yes SOLAR MAKES SENSE AT THIS TIME.
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READ MORE: Is Waiting for New Battery Rebates a Costly Decision?
