Powering up for solar panels
A GIRRAWHEEN development on a former school site is part of a solar power project expected to give households long-term cost savings.
Yolk Property Group and Infinite Energy, in collaboration with the Department of Communities and Ventura Home Group, will roll out the solar power purchasing agreement pilot program at The Amble Estate.
The 10-year agreement will involve installing solar systems at no cost to participating homes, which could save those households 40 per cent on daytime solar electricity.
Yolk director Tao Bourton said the agreement was an innovative way to reduce household electricity costs with longterm savings.
“Australians pay the highest rates for residential electricity in the world and this aims to remedy that,” he said.
“(It) allows residents to take advantage of significant savings on their solar electricity for an entire decade.
“After that, residents can take ownership of the solar equipment.”
Infinite Energy managing director Aidan Jenkins said the model could disrupt the residential solar industry across Australia.
“This solution allows for an even greater number of households to access the benefits of solar energy without the upfront cost of installing a system,” he said.
Under the agreement, Infinite Energy owns and maintains the solar system on each house and residents buy daytime electricity at a rate equating to 40 per cent less than the Synergy A1 tariff.
Any extra electricity the resident uses above what their solar system produces is taken from the grid.
The Amble Estate on the former Hainsworth primary school site is a collaboration between Yolk Property Group, Ventura Home Group and the Department of Communities.