Love News

Making hay while the sun shines

There is a rush to install solar before September 30 in South Australia, but Love Energy Managing Director Richard Mintz has told The Advertiser and AdelaideNow that solar will continue to be extremely valuable after this date.

From the start of October the money received for the excess electricity generated by a solar PV system is dropping from 44c/kWh to 16c/kWh in SA, and solar has boomed in September with Adelaide residents eager to secure the best possible feed-in tariff.

For people that want to make significant income from their solar PV system, now is the time to sign up, but the article enforces that solar will offer excellent savings and continue reduce electricity bills regardless of the change.

"It doesn't mean that the installation of a solar system after this date is any less worthwhile for homeowners looking to manage their power costs," Richard Mintz says.

"The installation of a solar system should be viewed as very much a long-term investment and that's the case no matter what level of tariffs are paid."

"People shouldn't view the changes to the tariff scheme as meaning they need to make a now-or-never decision by any means.

"Predictions are that if the carbon tax comes into effect, power bills will double within the next four years.

"At the same time, it has been suggested that within the next two years the price of solar over the lifetime of a system will be cheaper than power through the grid."

There are only seven days for residents that do want receive the maximum feed-in tariff in South Australia, so call Love Energy today to find out how a quality solar PV system can save you money.

For more information, read the full story on AdelaideNow or see page 23 of today's Advertiser...