Best Energy Plan for Solar – Maximise Your Savings

Switching to solar energy is not just good for the environment—it can also help lower your electricity bills. Even though feed-in tariffs (FiTs) aren’t as high as they once were, solar power still offers significant financial and environmental benefits for both homes and businesses. Choosing the best energy plan for solar ensures you get the most out of your investment.

Understanding Feed-in Tariffs (FiTs)

A feed-in tariff is the rate you’re paid for sending unused solar electricity back to the grid. It appears as a credit on your electricity bill and is typically paid by your electricity retailer at a set rate per kilowatt-hour.

While FiTs used to reach as high as 60c per kilowatt-hour, today’s rates are lower due to:

• The decreased cost of solar PV installation
• Increased overall solar energy production feeding into the grid

Although high FiTs are mostly a thing of the past, solar energy remains a financially and environmentally smart choice.

Why Solar Still Makes Sense

Financial Benefits

• Save on electricity bills by using your solar energy directly.
• Avoid high retail electricity charges during daylight hours when your panels generate the most power.
• Recoup installation costs faster thanks to falling prices of solar panels and equipment.

Environmental Benefits

• Generate renewable energy without burning fuels or producing direct emissions.
• Reduce your carbon footprint and contribute to a cleaner planet.

Tips to Maximise Your Solar System

1. Use Appliances During the Day: Run your washing machines, dishwashers, or other high-energy devices when your solar panels are generating power.
2. Use Timers if Away: If you’re not home during the day, set timers on appliances to operate when solar energy is available.
3. Consider Battery Storage: Installing a solar battery allows you to store excess energy for use at night or during outages. In 2022 alone, over 50,000 Australian households installed a battery system.
4. Choose the Right Energy Plan: Look for plans with low rates, discounts, and FiT options. Use your solar retailer or app to monitor how much electricity you feed back into the grid.

Solar in Australia – A Growing Trend

• Over 310,000 rooftop solar installations were added in 2022
• That’s 2.7 GW of additional rooftop solar capacity
• Roughly 1 in 3 Australian homes now has solar installed

With such widespread adoption, Australia is leading the way in solar energy usage, making it a smart and sustainable choice.

Conclusion

Even with lower feed-in tariffs, solar energy remains a powerful investment. By pairing solar panels with the best energy plan for solar, you can reduce your electricity costs, save money, and support a cleaner environment. Whether for your home or business, solar power is a long-term strategy that pays off financially and environmentally.