Solar Power - It's Even Easier than You Think to Get Started

Copyright (c) 2010 Michael Atma

Solar power for homes becomes more popular every year. As the cost of production decreases it's quickly becoming an affordable and realistic alternative for many householders. The government is helping people with the tax rebates they offer to those who choose to go green.

Why Use Solar Power?

Solar power for homes is good for the environment as it does not contribute to green house gas emissions. �Using solar power to heat water alone, greatly reduces carbon-dioxide dispensation, giving our atmosphere a better chance.

How does the Government help?

Solar Credits is the term assigned for the Australian government's latest solar subsidy for homeowners, businesses and neighbourhood communities. The scheme was approved into law on August 20th and subsides the cost of installing a new Solar Power System (without means testing). This program is in contrast to it's predecessor which was means tested for a home income of $100,000. It's the most recent in a variety of schemes, which unfortunately appear to change more often than most of us can keep up with.

The questions people most commonly seek the answer to are:

1. How much will I be able to receive off the price of a solar system?

2. How much will a solar system cost us currently?

Typically, if you would like a new 1kW system, you will get approximately $3,500 off the cost. If you'd like 1.5kW or more you'll then be able to reduce the cost by around $5,600.

So how much does this mean you could spend on a system?

Here are some ballpark figures with regard to costs. They'll differ by a thousand or so either way depending on the brand of panels and inverters suppliers use, as well as their particular overheads.

> Typical price of a 1kW solar system is approximately $8,500

> Government's Solar Credits Rebate is $3,500

> Cost to you personally to get 1KW of solar power is is around $5,000

> General cost of a 1.5kW solar system is $11,500

> Government Rebate is $5,500

> Cost for you to get 1.5KW of solar power is around $6,000

As you can see, the way in which the Solar Credits scheme works, the 1.5kW system is actually much better value. You get 50% more electricity for only about a 20% greater cost.

The solar credits scheme maxes out at 1.5kW. If you want a system bigger than that your solar credits will reach it's limit at about $5,600. The great news about this is that individuals will have the ability to claim back around $500 - $600 for each additional kilowat (kW) in Renewable Energy Certificates (RECS).

About The Author eco-kinetics are quality providers of affordable Solar Power Systems and Solar Panels Brisbane. To find out more about how they help you with the Govt solar credit rebates check out their website today!