Selling Solar Energy Back: Earn Money While Going Green
July 18, 2023

In the world of renewable energy, solar power has emerged as a game-changer, providing homeowners with an eco-friendly and cost-effective alternative to traditional electricity sources. Once installed, solar energy becomes the primary source of power throughout the day, enabling homeowners to harness the sun's rays for a variety of household needs. In this article, we'll explore how solar energy not only meets a home's daily requirements but also generates surplus power that can be sold back to the grid, leading to financial benefits for savvy solar users.

Solar Energy as Your Primary Energy Source

With solar panels soaking up the sun's energy, homeowners can rely on this clean power to energise their properties throughout the day. This means that peak periods, when appliances like heating and cooling systems, appliances, hot water systems, lighting, and cooking are in use, can be efficiently managed by solar energy, reducing dependency on the traditional power grid.

Excess Power Generation

A well-designed and adequately sized solar system can produce more energy than what a home consumes during the day. This results in surplus power being generated, which does not go to waste. Instead, it is redirected back to the grid, setting the stage for financial gains.

Earning Through Feed-In Tariffs

In a mutually beneficial arrangement, electricity providers, like Ergon Energy, offer a feed-in tariff for the surplus solar power that homeowners feed back into the grid. The current rate for selling solar energy is an impressive $0.134c per KW, which was recently increased from $0.09c. This means that homeowners can earn money for the excess solar energy they contribute, effectively turning their homes into mini solar power plants.

Offsetting Nighttime Usage

The credits earned from selling solar energy back to the grid are applied to the homeowner's bill, offsetting the cost of electricity consumed during nighttime hours when solar panels are not actively generating power. This process allows homeowners to make significant savings on their overall energy expenses.

Maximising Returns with Solar Investment

Homeowners investing in solar energy systems can benefit from not only reduced electricity bills but also from a steady stream of income generated by selling surplus power back to the grid. This turns solar panels into a smart investment, paying off for years to come.

Eco-Friendly and Sustainable Living

Apart from the financial gains, using solar energy helps homeowners lead a more eco-friendly and sustainable lifestyle. By reducing reliance on fossil fuels and lowering carbon footprints, homeowners contribute to a cleaner environment and a greener future for generations to come.

In conclusion, embracing solar energy not only makes homes self-sufficient throughout the day but also offers homeowners the opportunity to earn money while they are away. With feed-in tariffs on the rise, the financial incentives of solar power are stronger than ever before. By choosing solar, homeowners can contribute to a cleaner planet while enjoying long-term financial benefits, making solar energy an attractive and viable option for the future.

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