Victoria is on a net feed-in tarrif.
That means, the energy that's generated by the solar power system is fed into the house first. Whatever is not used, is fed into the grid.
For example: My 2.8 kW solar power system generates on average around 11.2 kWh of electricity per day.
During the day, me and my partner are at work, i.e. appliances like our fridge are using only 1.5 kWh.
That means, I can feed back 9.8 kWh into the grid, every day.
My total earnings/savings are then:
9.8 kWh x $0.66 = $ 6.47 per day
+ 1.5 kWh x $0.19 = $ 0.29 per day
Makes a total income of $ 6.76 per day or $ 2,467 per year.
www.solarpowermargs.com
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