My business case for PV and Solar HW
	
	
		Sorry if the following is a bit long.  Go the last two paragraphs for the 2 second summary. 
We installed an Edwards gravity fed solar h/w system as the electric was about to die (confirmed when removed - badly rusted inside).  We picked Edwards as had one before and has stainless tank. We were averaging about 5 to 9 kWh per day on the hot water.  That is down to zero since August (electric boost not connected yet). The water is very very hot.  The Fed Govt contribution was $1000.  We paid $2800 after the rebate and RECS.
The Fed Govt contribution to PV panels is $8000 for a 1 kW system that generates 4 to 5 kWh/day, less power than our solar HW saves.  IMHO the Govt should increase the incentive to go solar h/w or heat pump.  However, the Fed Govt contribution might result in more R & D on PV resulting in tech advances.
We are installing a 2 kW system that should give us 8 to 10 kWh/day.  We have a small well ventilated house that uses between 9 to 11 kWh/day.  So a 2 kW system should cover all our energy needs.  It will cost $14,000 after the Fed Govt rebate (before RECS).  
Current retail cost of peak supply electricity in Qld is 14 or 15c / kWh, in Japan is 30c and UK 35c approx using currency conversion.  So Qld power is very cheap.  Wholesale electicity prices are predicted to double by 2015.  The current feed in tarif is 44c /kWh.
I have estimated that a 2 kW system costs about the same over 25 years has buying electicity at current prices.  It is a bit cheaper per year than buying Greenpower. The annual cost of PV was estimated by totalling the benefit (electicity savings + income from feedin tarif) minus costs (depeciation and loan repayment at 7%).  PV comes out in front if electicity prices reach that of UK, but only by $100 to $200 per year.
Green power is an excellent option for those not wanting to spend a lump sum on a PV system.  More demand for Greenpower will mean more Greenpower infrastructure investment.  Solar turbine, windpower and geothermal are more economical than PV.