Feed-in tariffs (FIT) have been created by the Queensland for electricity generating solar photovoltaic (PV) systems.
It is a way of subsiding renewable energy. Both net and gross feed in tariffs have been introduced by various governments. Queensland uses the net FIT system where electricity produced just offsets the producers usage.
Brisbane Southside Electrician Jeff Thatcher
The average home uses approximately 6.1MW a year.
This is 16.71 kWh per day.
Solar PV modules supply DC power.
An Inverter changes the solar DC power into 240v alternating current (AC) suitable for your household appliances and feeding into the grid.
Your home uses power freely from the solar PV modules with additional demand supplied from the grid.
A meter measures your electricity production and consumption.
Any excess is "exported" to the electricity grid.
Kilowatts (kW) are a measure of electricity usage/generation (e.g. right now your system is producing 2.5kW).
Kilowatt-hours are a measure of cumulative electricity usage/generation over time (e.g. your system produced 7kWh of solar power today, and your home used 16kWh of power to run its appliances.)
When referring to solar PV system capacity, the term kW is usually used – this indicates the 'peak' capacity of the panels or system; real-life production will likely be lower, depending on conditions.
So you can see in the video under the Net Feed-in tariffs most common in Australia based on an 8c/kWh tariff the daily gain in value is approximately $3.
Net Feed-In Tariffs
Almost all FiTs around Australia are now net FiTs. This means a household is only paid for surplus electricity fed into the grid after domestic use is subtracted. If your system produced 3000kWh, for example, and you used 2500kWh of electricity in your home during the day (the time when your PV system was generating power), the rate is only paid for the 500kWh difference.
As an example, if this system was in Queensland, where a net Solar Feed-in Tariff is in place, its owner would earn: 7.04 kWh x 8c/kWh = $0.56 in feed-in tariff income (7.04kWh is the surplus amount of solar energy generated and exported to the grid) as well as save: 9.67kWh x 22.2c/kWh = $2.15 in electricity you would otherwise have to pay for. Giving a total benefit of $2.71.
Warranties and Guarantees
The solar panels with 25-year performance warranties (typically warranting that the panel will still produce at least 80% of its claimed power rating after 25 years) plus a 10 to 12 year warranty for the panels etc itself. An installer may also give warranties for the mounting frame, workmanship and so on.
Metal Roofing Brisbane experts say a metal roof does not stop you from installing a solar system.
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