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I have a 3Kw solar system installed since March this year.
First, im with AGL, and recommend any one else to do the same. Its about the best in overall costing that i know off.
First the buy back is at 68 cents (ex GST), and my rate is around 25 cents at Peak and around 8 cents at off peak.
This last 3 month period, my bill came to $103.00 Credit !.
There is NO interset to add to your taxable income etc, as its not an income, so you pay nothing in Tax.
As far as recouping the costs taking a long time, depends on your size of the system.
My bill same time last year (Same rough usage as well) was around $350.00 dollars.
So i have atctually saved $350 + $103 credit = $453 for this quarter.
This goes towars the cost of the system outlay, so should at average add at least $1500, so at least 9 to 10 years for a 3Kw system (Cost me $11,000).
I do recommend a2Kw at least, but a 3Kw is the better way to start on.
This last quarter, i pumped back into the grid 538.5Kwh.
The panels are tough, mine took the severe hail storm early this year, which impressed me, as i thought they were toast!.
Best thing about AGL, is that we can transfer the amount in credit to the Gas bill ($93.00), and we still have a little left in credit.
So free gas and electricity, its the best way to go..
I went thru Nue Energy, and had no major issues.
Theo
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