Victoria’s Premium Feed-in Tariff (PFiT) scheme ends on 1st of November 2024. Launched in November 2009, the scheme gives you 60 cents per kilowatt-hour for the solar-generated power you send back to the grid. The thousands of Victorian’s that are benefitting from this scheme are about to see a substantial increase in energy costs. If your solar system is more than 10 years old, it’s time to get prepared and explore new ways to manage your energy costs.
Here’s some good news: Since October 2023, Solar Victoria has made it possible for systems older than 10 years to qualify for solar panel rebates. This means you can get some financial help to either replace or upgrade your old solar system. Just keep in mind that adding new panels could impact your eligibility. If you’re unsure, contact us on (03) 8520 9555 and our energy experts will help determine the best plan for your home before the Premium Feed-in Tariff Ends in November 2024.
What Does the End of the PFiT Scheme Mean For Me?
Older systems are generally much smaller than what is being installed today as they were designed to benefit from the PFiT. Modern systems are larger and more efficient, with the capacity to generate enough energy to cover the majority of a household’s needs. Upgrading your smaller system to a 6.6kW, 10kW or 13.3kW solar system will allow you to power your home with a renewable energy source that’s as reliable as the sun rising daily.
Why Upgrading Your Solar System Could Be a Great Move
Better Efficiency: Solar panel technology has advanced dramatically and now generates even more energy.
Improved Warranties: Modern solar systems now come with an improved product warranty that has coverage for 25 years or more, ensuring long-term peace of mind.
Future-Ready: Many new solar systems are now equipped to support new technology such as electric vehicle chargers and solar batteries. This will improve your home’s value and mean you’re able to accommodate new electronic innovations.
What Should You Do Next?
Check Your System: Determine how old your current solar system is and see how it’s performing.
Look Into Upgrades: Research the latest solar technologies and what rebates are available.
Get Some Advice: Speak to the experienced in-house team at O’Brien Electrical & Plumbing Rowville about a tailored solar solution for your home.
Ready To Upgrade Your Solar System?
If you have any questions or need advice on the best options for you, call O’Brien Electrical & Plumbing Rowville at (03) 8520 9555 or leave your details here and a member of our team will contact you.
