Hello Ozbargainers,
I am trying to make a decision on weather to install solar panel on our roof or not.
What I really need to find out is how the billing works with solar panaels.
Here's some details about our electricity usage.
We are a family with 3 bedroom house. Gas is used for Cooking and Hot water syetem.
Our daily electricity usage is around 18KWh, around 8 KWh is used in the day time, around 10KWh is used at night.
We have an elderly relative living with us who hates cold weather, therefore we only use A/C when it is extreamly hot (i.e: when outside is above 35C or so).
But at the night time heating is used more often.
If I install a solar system that is capable of generating 20KWh during day time,
8KWh out of generated 20KWh is going to be used within the house and remaining 12KWh will be exported to the grid.
Then at night I have to pull 10KWh from the grid for our night time use.
Lets assume that I have net metering installed with 6 cents Feed in Tarriff and Flat electricity rate 35 cents.
how my electricity bill will be calculated?
Thanks in advance.
You will be charged a higher tarrif for what you use. The difference will be more than you get from feed in. Overall you will lose money. It's for mugs.