A money making opportunity with low maintenance and overheads
You'll be making money from something that renewable and free - the sun! You'll also be able to provide your own property with clean, renewable power. (Note: under the Queensland tariff scheme, farm electricity consumption is limited to 100 megawatt hours a year)There's next to no maintenance involved - the sun does all the hard work for you; making you money while leaving you free to do other things.
The financial benefits of a solar panel panel farm
- The maximum system size is 10kW per phase in Queensland and South Australia that means a system as large as 30kW is still eligible if a three-phase connection is available! Both states offer 44c/kWh. Note: The South Australian Government recently announced a review of its feed in tariff system that may see solar farms above 10kW ineligible or receiving lower payments. Register your interest below.
- The ACT program is a gross feed in tariff paying 50.05c/kWh for systems up to 10kw capacity and 40.04c/kWh for up to 30kW capacity for systems connected prior to June 30, 2010. From July 1 2010, the premium rate will be 47.5c/kWh for all systems right up to 30kW. Contracts locking in prices are active for 20 years. The ACT government is also considering allowing systems larger than 30kW. Register your interest below.
- The NSW program will offer 60 c/KWh on a net basis for systems up to 10 kW in size. While the New South Wales program isn't due to kick off until January 2010, now is the time to start planning! Register your interest below.
- Income of approximately $35K per annum from solar farming is possible in Queensland; based on 6 peak sun hours a day. In South Australia, based on 4.4 peak sun hours on average per day, this equates to approximately a $35K per annum return on a 30kW system if exporting energy to a retailer such as TruEnergy who are offering 64c per kilowatt feed in tariff.
- Income from solar power generation is guaranteed in all states until at least 2028 - guaranteed income over such a long period for any farming activity in the ACT, South Australia or Queensland is such a rare opportunity!
- ABN holders will be able to claim depreciation and GST credit, plus you could also be eligible for $7,500 in rebates under the new solar credits program!
By installing solar farm equipment, you'll also considerably boost the value of your property - it's a great selling point should you decide to sell your property in the future!
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