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  • I love gooold member
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  • Member For: 15y 10m 25d
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  • Location: Melbourne (west)

if you start to put more than what you have used in a keep doin it over a period of time it gets looked at as an INCOME so then u have to start paying tax on it!

In the OVERWHELMINGLY VAST majority of cases you will NOT pay tax if you have a solar unit in a private home.

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  • 2 years later...
  • Bored Member
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  • Member For: 22y 14d
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  • Location: Dé·jà vu

Bumpin an oldie...

Been a few years since this was brought up, anyone have a solar system installed and how do you find it?

I'm considering installing one if they are worth it.

It will be an out right purchase so will I be in front straight away or will I still recieve a power bill?

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  • Bronze Donating Members
  • Member For: 13y 7m 3d
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  • Location: Victoria

Not sure how the tax part is calculated. We only get one payment annually if in credit which tends to be minimal as heating throughout winter burns through the credits you build up during summer.

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  • Donating Members
  • Member For: 17y 23d
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Contemplating going Solar on my joint too, what's the going rate on say a 4-5kw unit these day's and what saving's are people getting...

Be nice to cut out the electricity bill altogether if possible...

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  • Bronze Donating Members
  • Member For: 13y 7m 3d
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  • Location: Victoria

We still have a bill (you receive a bill regardless) but not having mains gas or water, we depend on electricity for almost everything. We have two water pumps that run throughout the day (one for the pool and the other to maintain water delivery and pressure to the house).

Electricity bill would regularly top $800 a quarter 5 years ago. Less than 1/3 of that now.

Edited by _Velocity_
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  • www.australianflag.org.au
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  • Member For: 19y 4m 11d
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  • Location: Brisbane

The green component is bullsh*t. It takes more electricity to manufacture solar panels than what they produce in a life time.

Power companies are encouraging solar panels as it helps keeps power running through the lines.

Years down the track power will go up and subsidies will go down.

It's a f*cking con.

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  • Bored Member
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  • Member For: 22y 14d
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  • Location: Dé·jà vu

Cousins daughter works for a mob in Breaside, just let me know a 5KW unit is 6500 and would give a 500 reduction on a quarterly bill....

....having second thoughts after seeing that price. :oooh:

I was expecting round the 4k mark.

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