This graph demonstrates the approximate period it would take to offset the initial investment on a 1.5kW Solar Photovoltaic Grid Connect System in each State and Territory.

This graph shows approximately how long it should take you to save the amount of your initial investment through reducing the amount of electricity you need to buy, and through the application of Feed In Tariffs (FITs) which you will receive as a discount on each bill (or potentially as cash back in the ACT and NSW).

The main cause of these large variances between States and Territories is due to the different FIT rates being set by the independent State and Territory Governments.. Obviously NSW and the ACT have the most generous FITs and Tasmania’s are much less generous. Please note that at the time we prepared this, Western Australia is yet to announce its FITs and as such it has been omitted from this graph.

Nu Energy has calculated the "return on investment" and "payback period" on the basis of information sourced from Australian State and Territory government websites, which we encourage you to review for yourself. This webpage is provided as a guide only and does not constitute a representation, guarantee or promise by Nu Energy, or its employees, agents or representatives, in relation to a specific product, customer or premises. The "return on investment" and "payback period" may be affected by the placement of the solar photovoltaic system at a premises, the actual electricity usage at a premises, variations in average sunlight hours and amounts, and other factors.