In June 2015, the Australian Parliament passed the Renewable Energy (Electricity) Amendment Bill 2015. As part of the amendment bill, the Large-scale Renewable Energy Target was reduced from 41 000 GWh to 33 000 GWh in 2020 with interim and post-2020 targets adjusted accordingly.
Solar enables you to cut the cost of your bills. By generating your own electricity, you’ll be purchasing less from your retailer – meaning money in your pocket rather than theirs! Installing solar will also increase the energy rating and value of your house, and you can feel good knowing you’re doing your bit to help the planet. Installing solar system simply makes sense.
Solar power can save you hundreds or even thousands of dollars on your electricity bill every year. The savings you can achieve from installing a solar power system depends on the size of the system you install on your home.
The survey, carried out on realestate.com.au across April 2015, also positioned solar as top of mind when it came to green living. Solar Power System ranked highly and were seen as adding value.
“Three quarters of renters said they would pay additional rent to live in a property with solar energy, with two out of five saying they’d be willing to pay an extra $10 a week.”
Evergreen Solar Power recognizing that solar power systems add value to a property, the real estate industry is working to create more sophisticated methods for accurately determining the market value as well as the financial value of properties equipped with solar power systems. Some of the same factors that drive your overall financial returns also drive increases in property values. All of this is great news for property owners with solar PV systems who not only recoup the initial cost of their systems when they sell, but also receive a premium that will increase the returns on their investment.