Why Grid Tied Solar Systems Are No Longer Feasible
Grid tied solar systems are no longer feasible because it is actually more expensive for consumers like you to gain access to the power grid. It will cost you anywhere from $15,000 to $20,000 per power pole to connect your home to the grid. So, if you want to install a grid tied solar system, you will need to spend upwards of $100,000 for a power grid connection.
For how expensive it is to install, common sense would dictate that tying your property to the grid is really not feasible anymore. With the continuously rising prices of commodities, gas, and electricity, the typical Australian household or business cannot afford to spend this much for what is supposedly intended as a money-saving alternative.
Another reason why grid tied solar systems are no longer feasible is that solar feed-in tariffs (FiT) are getting lower and lower each year. The FiT is the money you get in return for sending any unused electricity generated by your solar power system back to the power grid. The appeal of receiving credit for the excess electrical energy a property can generate each day is what persuaded consumers to adopt grid tied solar systems.
Unfortunately, since the widespread adoption of solar power by Australian homes, feed-in tariffs have dropped in value over the past 15 years alone and will continue to drop in coming years. It used to be that solar FiT were in the range of 50 cents and up per kWh and now if you can get 5 cents per kWh you are doing good. What’s more is that homes with grid tied solar systems installed just five years ago (five years into their 15-year payback time) are no longer getting enough money to cover the monthly access charges.
Increasing electricity prices because of the government’s large-scale renewables initiative and net zero target have caused lower FiT value. Adding to this, the shutting down of coal-fired “base-load generators” and switching to renewables on the grid will result in further electricity price increases and grid instability in the near future.
The True Way to Save Money Using Solar Energy
Off grid solar systems are the way to go if you really want to save money using solar energy. An off-grid solar system is a type of solar photovoltaic (PV) system that works independently of an electrical power grid to provide electricity. Also known as a stand-alone solar system, it requires off-grid inverters and battery storage systems to convert and store energy when the need arises. As it is not connected to the power grid, it relies heavily on solar panels as well as the stored electricity in batteries to provide the energy needed to power lights, appliances, and other electrically powered devices.
Unlike a grid tied solar system that will cost in the neighbourhood of $100,000 to gain access to the power grid, a typical rural home will only need to spend less than $20,000 to install an off grid solar system. The true way to save money on your bill is to not use the grid at all. Rather than trying to generate loads of power to sell to the grid for less and less money, all you have to do is just consume the power you generate yourself and don’t use the grid at all. This is the value of off-grid solar. Most people do not make back enough money to even cover their monthly access charges for the privilege of being connected to the grid.
So, if you are planning to install a solar system for your home or business in the hopes of saving money, off grid is definitely the way to go.
Why Choose GWOFFGRID For Your Energy Product Sourcing?
Dedicated Customer Service Team – The GWOFFGRID Store is based in Sydney, Australia, and has an expert customer service team. We have specialised in solar and alternative energy products for over 10 years, so you can be assured we will provide you with the right advice for any application.
Unbeatable Value on Quality Energy Products – We buy directly from the best manufacturers, so our buying power allows us to offer you Australia’s best prices every day. We also have monthly specials and awesome bundles with some of Australia’s leading renewable energy brands.
Best Value LiFePO4 batteries in the business – We offer Australia’s best value energy storage batteries. The MaxxCell MAX range of batteries are truly operating in a realm of their own when it comes to price per Kwh.
Tesla 13.5kWh Powerwall 2
$13,500 – $16,000
Cost / kWh = $1000 – $1185
Maxxcell 10.245kWh Balance Protect 4
Cost / kWh = $429
Express Delivery Australia Wide – We use Australia’s leading Courier Companies, so we are able to provide the quickest, most efficient delivery across Australia. All our freight is sent Road Express, and goods are fully insured during the freight process. Did we mention FREE FREIGHT on every product!
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GWOFFGRID prides itself on customer satisfaction, so please don’t hesitate to contact us with any feedback you may have.
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