With the recent introduction of the net feed in tariff to Queensland comes a great opportunity to maximise the return on your solar power system. Here at Gold Coast Solar Power Solutions we recommend you implement the following to see your investment in renewable power bring you the maximum returns possible.
The net feed in tariff works by paying you a higher rate for any excess power that you produce and feed back into the grid. Therefore to maximise your return, you need to import as much of your renewable power to the grid as possible. You are paid 44c per kWh for this power, but then you want to power your house with power from the grid which you pay just 14c a kWh for.
What you need to do is minimise the amount of power you use when your solar panels are generating power, so the renewable power you produce is going straight back into the grid, not being used up inside your home. To achieve this, use your power hungry appliances before mid morning or from late afternoon onwards, not during the middle of the day when your solar power output is at it’s highest. By putting this into practice you can be making 30c a kWh when you use power, not just saving yourself 14c a kWh, a much better strategy.
