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Queensland has become first in Australia to achieve 1 gigawatt of solar capacity, reported recently by Energex in it’s report by RenewEconomy. Australia has over 1 million homes with solar systems installed generating over 2 gigawatt of solar capacity,  	Is installing solar still worth the investment?meaning Queensland has nearly half of that capacity.

Data also collected, shows that 100 megawatts of this capacity went to homes that installed solar after the state’s 44 c per kilo watt/hour Bonus feed in tariff was closed.

The reason why Queenslanders are still deciding to install solar is the falling price of solar systems and the ever increasing price of electricity (electricity is reported to increase by around 21% during this financial year) and this results in home owners and business looking for ways to reduce these costs.

The Queensland Solar Bonus scheme rewards eligible homeowners and businesses that install solar by paying them for the excess electricity which is generated by their system. A credit will appear on your electricty account at a rate of 8cents per kilo watt hour for any surplus electricity which is fed into the grid during the day.

To be eligible to receive the feed-in tariff, visit the Australian Government website http://www.livinggreener.gov.au/rebates-assistance/qld/electricity-feed-in-tariff

 

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