As the end of the financial year (EOFY) rolls around, there’s one thing that Aussie households and businesses can count on—electricity prices going up. Every year, energy retailers adjust their rates, and it’s usually not in favour of consumers. If you’ve been thinking about switching to solar, now is the time to act before those price hikes hit your power bill hard.
Electricity providers reassess their rates around July, often passing on increased costs from network providers, wholesale energy prices, and government regulations. For households and businesses already feeling the pinch of rising living costs, another price hike can be a real kick in the guts.
The good news? You don’t have to be at the mercy of power companies. Investing in solar before EOFY can lock in lower energy costs and protect you from future rate increases.
If you’ve been holding off on getting solar, here are a few solid reasons why now is the perfect time to make the switch:
Once July 1st hits, new energy tariffs will be in play, and for most Aussies, that means paying more for electricity. By installing solar before EOFY, you can slash your reliance on the grid and significantly reduce your power bills before the price hikes even take effect.
Every day you wait to go solar is another day you’re missing out on potential savings. With a properly designed solar system, you can dramatically cut or even eliminate your daytime electricity costs—free energy from the sun is hard to beat.
The Federal Government’s Small-scale Renewable Energy Scheme (SRES) provides financial incentives to make solar more affordable. These incentives reduce slightly each year, meaning you’ll get a better deal by installing solar sooner rather than later.
For business owners, there’s an extra EOFY incentive—solar installations may be eligible for tax deductions under the instant asset write-off scheme. That means you can save on tax while cutting your energy costs long-term. It’s a win-win!
Solar isn’t just about energy savings—it’s a smart investment in your property. Homes and businesses with solar systems are more attractive to buyers and tenants, offering long-term financial benefits beyond just cheaper power bills.
With EOFY around the corner, now is the time to take control of your energy costs. Get in before the electricity price hikes kick in and start saving with solar today.
At Auspac Solar, we make the switch easy with expert advice, high-quality solar systems, and flexible finance options. Contact us now to lock in your solar savings before EOFY and enjoy lower bills for years to come.
