Despite Buy-back Drop Solar PV Still Works

Contact Energy and Meridian’s announcement to significantly lower buy-back rates from solar PV this week has caught the headlines and created a bit of storm. While it’s disappointing that power companies keep shifting the goal posts on buy-back rates, thus complicating peoples’ investment decisions, solar still makes a lot of financial sense.

There’s been a bit of hysteria from people exclaiming the reductions equates to some sort of mortal wound to the solar industry. This couldn’t be further from the truth. While a higher buy-back rate would improve the business case for solar PV, it’s already exceptional without subsidies.

Every week Solar Electric Technology installs systems with returns on investment ranging from 10-20%! Pay back periods are now down to six or seven years, sometimes lower. The most important aspect of making solar PV financially attractive is using the power produced onsite. If this can be achieved the majority of the time, it will work, if it can’t it probably won’t – it’s not rocket science.

There are new technologies such as the NZ made ImmerSUN from Enasolar which work with appliances such as hot water cylinders to make sure they are charging on solar power during the day to minimise the amount of power exported to the grid. Clothes washing, dish washing, and electronic charging can all be done during the day. Solar can be made to work for most households.

Businesses primarily use power during the day and their returns from solar are generally better than for households. Businesses hit the sweet spot of being able to install larger systems, meaning less expensive per unit costs and economies of scale combined with power being consumed onsite during the day.

It would be great if power companies stopped changing their minds every five minutes so better informed market decisions could be made. In the meantime – just cut the power companies out during the day by going solar. Make a sound financial investment and lower your carbon foot print. It’s a win-win.

Interested in how solar cold work for you? Check out our solar PV packages.

What Is The Energy Maximiser And How Can It Help You?

Once you have solar power, you no doubt want to make the most of it by wisely and efficiently using the power your system makes.Having a tool to help you is the key to acheiving this. And we have the tool you need!

Our Energy Maximiser is a tool which monitors your power consumption and tells you what is using your power, and how much.It can monitor all your building's power needs, such as lights, hot water and power circuits, and combine the information with your solar system's energy production, providing you the information you need to monitor your power usage.

Energy_maximiser

Speak to us today about getting an Energy Maximiser with your solar installation. It could mean the difference between using your power efficiently and wasting a lot of the power your new solar system is creating.

Grid Tied Vs Off Grid – Which One Is For Me?

If you are looking at getting a solar system for a new home, you will no doubt be asking yourself one of the most common questions that come up when solar electric systems are being considered. Do I get a grid tied or off grid system?

grid_tied_vs_off_gridMany factors need to be considered when answering this question for yourself and making a decision. Where you live, what your needs are and what you expect from your system all play a big part in deciding which system you will get. You also need to consider whether you still want to be connected and reliant on the electrical grid, as this is the case with a grid connected system. Having an off grid system means you are completely seperate from the electrical grid, but if you run out of power you have no backup.

For more information on either the grid tied system or off grid systems, visit our information pages.

Off Grid Systems

Grid Tied Systems

If you would like more help with your decision, why not give us a call on 0800 765 270. We will be able to help you with making the deicision of whether to go off grid or grid connected!