In Victoria the Premium Feed in Tariff ends on 1 November 2024. What to do if you are on the PFIT???
Short answer – if you solar system is still generating a decent amount of power, then the focus has to switch to self consumption ie. use your energy during daylight hours. This is a very good reason to switch from gas appliances (eg. hot water) to efficient electric alternatives.
If the ability to self consume during the day is limited, then some form of battery storage may be worth considering. An AC coupled battery may be able to be configured to collect your excess solar to then use in the evenings.
A further option would be to add a new solar system with a hybrid inverter and DC battery. You could be eligible for solar panel rebates from Solar Victoria plus an optional interest free battery loan.
And then there is the biggie – an electric vehicle. EVs have significant capacity to absorb excess solar which you can then use to drive with CO2 free, very low cost energy.
We can arrange a visit to review your electricity data and advise on which option is right for you.