Attending the Coolamon Shire Solar for Business Seminar on Monday evening it was great to listen to OEH solar industry expert Lisa Miller (previous CEO of the Australian Solar Photovoltaic Institute) educate the crowd on all things Solar!
Lisa explained that since the 70's the growth in Solar Power has been a constant 15% per year. Obviously the 60 cent feed-in tariff saw a big uptake in Solar a few years ago but the good news is that despite this generous feed-in tariff ceasing, the uptake of Solar has continued to steadily rise.
It's good news because Lisa assured us that Swanson's Law means that the cost of Solar will decline as the panel production output increases. Despite many consumers worrying that the end of this generous feed-in tariff meant solar was no longer economically viable, the increase in demand means the cost of installing solar has in fact decreased dramatically over the years.
In fact, according to Lisa's presentation, since 2007 the price installed has dropped by about 90% with Australia enjoying one of the lowest installed prices. Pay-back on a system hasn't changed at all.
So, what are you waiting for? Contact us today to find out how to save money on your power bill.
#solarpower #OEH #solarforbusinessseminar #coolamonshire #Swansonslaw #savewithsolar