We are just buying our first house and the rebate scheme is finishing at end of month so trying to decide whether to sign up for solar panels or not.
To get a 4kw system ( from Origin Energy) will cost about $7.5k. The guy said we should save between $390-540 a quarter. The 16c tarrif is only for 3 years which means we would have saved between $4680-$6480 in those 3 years. The savings would not equal the cost.
We would then move onto the providers tarrif which is currently saving about $120-$190 a quarter so would take a long time to pay off the initial outlay cost.
i must be missing something cause everyone seems to say getting solar is a no brainer - so please tell me where I'm going wrong!
thanks in advance