We've gone with another supplier and are getting 16 270 watt solar panels. The price is $4700 and the warranty is 90% efficiency after 10 years and 80% after 20 years. Pay back period should be about 5 years with normal usage. This is $1000 less than the other quote we had. We have been given a figure of 71 cents per KW/hr buy back from our electricity retailer.
Interesting comparison here - https://www.solarchoice.net.au/blog/home-solar-battery-storage-worth-it-2017
Who's your electricity retailer? I would love to know. I'm sure there are many others that would also love to know - it would make no sense to store the electricity, best to sell it at that price. (Hell, I'd be tempted to put some fake panels on the roof and just feed the mains straight back into the grid)
The best feed in tariff (FIT) from Solarchoice is shown as 17c/kW/hr (link below)
Definitely get it in writing from the retailer before you sign. (and my suggestion would be to hold on to your STC's as they will become more valuable in the future)
Have you, or the retailer, missed a decimal point? the usual FIT is 6-8c/kW/hr, so a FIT of 7.1c/kW/hr is possible.
10x the usual rate is unbelievable. (and I've always lived by the rule, if it seems too good to be true, it usually is) Never missed yet.
Nope, it seems that your supplier is giving you 71.30c per kWh.
Never, ever seen or heard of a FIT that high - and it states that it doesn't have a fixed term, but does have variable rates - which (because I'm a pessimist) will probably drop to usual FIT rates.
Well done and congratulations - would love to know who the supplier is so myself, and others can also 'cash in' on these rates (to help pay down solar systems)
No, not considering solar battery storage - can't justify the cost (yet)
Great, thanks @Kev. Our power company is Power Direct. We live down on the Mornington Peninsula in Victoria. I'm not sure how we got such a good rate given that their website has the feed in tarif at 5c. I'm not complaining!