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						SubscriberI have 2.75 kWh system for 2 years or so consisting of 16 panels. Cost 18,000 to install, sold RECs for about 6,500. Will break even in 5-6 years.
It feeds to grid and we get rebate on all power generated. We have 2 adults and 3 kids and use about 12kWh a day. We have gas HW and stove. We get cheque not bills
The sales pitch said 2.75 x 10 hrs a day x 365 days = payday. It is not true. Max day has been 14.9kWh and worse has been 20Wh. Way less than the pitch.
I asked about adding more panels and told if i alter the system in any way I would lose the rebate completely. No way to increase output and retain rebate.
worth it but at time installers making a killing!
James
Sent from my iPad using Tapatalk HD
anyone able to predict what this will do to the power companies long term,and price of power for those who haven't the solar systems? Will it all backfire on us magnificently in 10/20yrs time in the way LPG conversion seems to be?
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						TopicToaster
					
					
						The power companies will up their price to ensure they still get a profit. They have already increased the cost of being connected, even if you don't use any electricity you will still pay. Unless you produce enough power to cover the connection costs as well. So even if you produce the same number of kWh as you consume you have to pay for the ability to get electricity when your PV array is not producing.
In most states power retail companies and power generating companies are separate. Power retailers need to buy power from somewhere. The buyback rates for solar have fallen to ~8c/kWh in many states, which is probably about the same as the retail companies are paying for coal, etc...
If anything, solar will drive electricity prices down on sunny days (as has been happening already). It has meant that the generation companies are making less profit during the peak times than they were previously, however they are not in a position to dictate prices.
Just that lpg needed to be a particular percentage lower in cost than petrol given the reduction in miles you can get on it per litre for it to justify the cost of the conversion, and with the gap between lpg and petrol prices closing the worth of it is not so great (though I'm sure still there, just take longer to cover itself)
In the case of power, what has been raised with the connection costs and usage costs rising is about what I would expect
Right about now we'll be wishing the government never sold the power companies... perhaps it's time they take them back
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