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Solar costs are half of grid electricity
July 1st 2012
The modelling, commissioned by Love Energy, shows householders with solar panels pay an average of 14c per kilowatt hour over the lifetime of their system, compared with 34c/kWh for those buying energy from the grid.
With the average annual electricity bill increasing by 18 per cent, from $1677 to $1980, this year, Love Energy managing director Richard Mintz said investing in solar was now a genuine option to beat rocketing power prices.
"It was only a matter of time until the lines crossed over ... but I think that time has come much quicker than many expected," Mr Mintz said.
Mr Mintz said falls of up to 60 per cent in the costs of solar systems over the past 18 months, coupled with the fact there were no transmission charges for power generated by a homeowner's solar system, were major factors.
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Article sighted in The Advertiser by David Jean, July 01, 2012