Comment by locusm
1 day ago
The feed in tariff you refer to was 52c in the beginning and was limited to a 5kW inverter. I installed 6.25kW worth of panels with a 5kW inverter in 2011 and haven't paid a single power bill since. There's no slap in the face, sure I have to give up the FIT if I want the battery subsidy but I haven't paid a cent for power in 13 years (beyond initial investment).
In NSW it was limited to 5kW. That wasn't the limit in Queensland. Granted, there is was "only" 44c, but 44c at 30kW isn't something to be sniffed at. The 50kW of panels was to ensure you got that full 30kW for most of the day. You also got the 15c the retailer paid you, so for a while you were easily earning $40k/yr on something that cost of the order of $200k to set up.