Wednesday, May 16, 2007

Increased Cost - Good News

It was recently announced that the price of electricity in Queensland will increase by 10% from July 1. In the ACT, the increase will be 14%. In both cases, the cause of the increase was put down to the drought.

Furthermore, today a CSIRO forecast predicts increased energy phone bills - as the effects of climate change worsen.

While all of this may appear to be bad news, there is a silver lining. It was also recently announced that federal government rebate for installing solar panels at home has doubled to a maximum refund of 8000 dollars.

So with solar panels as cheap as they've ever been, and the price of electricity increasing, it would seem there has never been a better time to install solar panels - and sell the power back to the electricity company at the increased price.

For more info, see Origin Energy's solar information

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