Change in STC versus quoted price of solar system

  STC price was close to $40 for many years now. Significant drop in STC has left many installers astray as they are at a loss to install system for the quoted price. They are left with no choice other than increasing the quoted price, lest they end up in a catastrophe. Buyers are awestruck when the installers mention about the change in price just before installation. According to Australian Consumer Law, the installer has to make it clear to the buyer that their quote is just an estimate and it has an STC component, the variation of which will affect their final price. If the installer hasn’t done it, the buyer is entitled to get their deposit back.

   STC price was close to $40 for many years now. Unfortunately, STC has undergone a 20% fall from $37 to $30. An  $8 fall in STC prices increase the cost of 6.5kilowatt system by over $1000. This has left solar panel dealers in Australia astray, as they are at a loss to install system for the quoted price. They are left with no choice other than increasing the quoted price lest they end up in a catastrophe.

   After much research people decide on solar panel companies, get a quote from them, sign the contract and pay the deposit. People are awestruck when the installers mention about the change in price just before installation.

     If the installers have made it clear in the contract that the total system price would change with STC, buyers are left with no choice other than accepting the new price or cancelling the deal.

   According to Australian Consumer Law the installer has to make it clear to the buyer that their quote is just an estimate and it has an STC component, the variation of which will affect their final price.

  Australian Consumer Law applies to services that cost $40,000 or less and for vehicles used to transport goods on public roads. Large commercial systems costing over $40,000 have to pay attention to small print in their contract or else they will be subjected to price hike, with the change in STC prices.

        If the installers haven’t mentioned that the final price would be in accordance with the change in STC, the buyer is entitled to get the deposit back. Reputable installers would return the deposit happily. Tricky ones would grumble over it, even though they have no way other than returning the deposit once the case is taken to a consumer tribunal.

  Are solar panels worth it? The answer would be YES. With the increase in electricity prices and most feed-in tariffs, it is worth having a system. If a household decides not to go ahead with installation with the price hike, the loss is theirs only. Each day the installation gets delayed is a loss to the buyer.

    It will be quite difficult to find a new installer who will do it for a lower price. So, the best option would be to go for an amicable conversation with the installer and get the system installed in such a way that he too gets a fair compensation.

     Thriving solar power business in Australia is a clear indication of the monetary benefits one can reap in the long run.

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