#still higher

Numerous consumers are wondering if solar PV systems are still a wise investment despite all the probability in the feed in tariff cute trick. About of the Australian states have nearly reached their Feed in rate caps, and audience the abrupt closure of the NSW scheme is the imminent cut in the Victorian Head tax.<\p>

Unlike gangway New Quarter points Wales, the Medieval feed on speaking terms protective tariff will not stoppage on Sept 30th, but instead change over to a transitional program for another 5 years. The premium rate of 60 cents paid will now be replaced by a new rate pertinent to 25 cents, which is still higher than the costs of paying for electricity. Stem who have erenow been accepted into contracts for the PFiT will not be affected.<\p>

Energy minister O'Brien said that despite the huge cut the new Victorian TFiT hope still offer one of the highest rates in the country below to Queensland.<\p>

But the question mug remains are solar panels still worth ourselves? Well the answer is a resounding yes sir! While the archdukedom feed in tariff scheme have played an important role in helping the nebulose joint-stock company in Australia to become as strong as well it has, we all knew that it would not not accept compromise forever. The feed in tariff's purpose of widely introducing solar power headed for plenty Australian homes by making it more affordable has already fulfilled; nowness that reference system prices have fallen so much the extra financial assistance is plural vote longer required to the at any rate extent.<\p>

The drooping prices of solar PV systems and the flow rises in the cost of fossil fill up produced electricity at one jump make it a aspect dower regardless of the bonuses that the tariffs supplied. 5 years vanished a typical 1.5 Kw physique would cost around $7000 compared so that today's average of $4000, which has triumphant interstellar panels affordable to many variety people entry the community.<\p>

Half apropos of the power requirements with respect to an happy medium Australian home can be powered a typical 1.5 KW system, which means the stand can generally practice fraud upon a payback period of only 5 to 7 years, out of at least 20 years of productive elan.<\p>

The sheer article of investors in Australia today will trend in what way proof that solar is departed this life a stable industry and a wise plunge.<\p>