Aussies to take solar energy into their own hands by becoming investors

By Ceyda Erem ·

The saying goes ‘if you want something done right, you’ve got to do it yourself’ and that’s exactly what many Aussies are planning to do when it comes to solar energy.

With the admission of new laws, Aussies can now buy stakes in start up businesses and invest in their own people-powered solar energy retailers, like DC Power and Co.

Energy customers with solar panels can buy $50 investment parcels and receive free solar performance checks and advice. However, Aussies not on a solar plan can also invest.

“We thought ‘why don’t we make the customers the owners’ because we are all in this together,” said DC Power and Co co-founder, Nic Frances Gilley. 

RELATED: Australians turning to rooftop solar in record numbers amid energy bill price hikes

“People with solar rooftops are the believers — they have spent considerable money to go into it.” 

The retailer has even come out to say that by 2050, 45% of Australian households will be using solar energy to power their home, a percentage that could be within reach. 

Figures released by solar energy analysts, Sunwiz and reported on by RenewEconomy saw the the start to 2018 saw a record breaking number for solar panel installations across the country, up 69% from the same time last year.

RELATED: Interest-free loans for solar panels - South Australia’s renewable obsession

So if you’re an Aussie currently in the market for a green energy plan and are keen to stick with a major retailer, we’ve taken the liberty of rounding up some of the top solar power retailers around, they are: 

Powershop  
According to GreenPeace, Powershop is Australia’s Greenest power company, featuring no lock in contracts or exit fees, so you’re free to move on to another plan with no hassle. You won’t even need to waste time looking for a great panel installer - they’ve got it under control as part of their Solar Advisory Service. 

Energy Locals
If you’re looking for a provider that give back, you might want to check out Energy Locals. They’re a community owned retailer that work hard to support local charities by donating profits made from your electricity bill. And speaking of your bill, you’ll also be able to lock in your price until July 2018 and have no exit fees! 

Momentum Energy
Last but certainly not least is Momentum Energy who are a part of Hydro Tasmania, Australia’s largest renewable energy generator. The SmilePower plan guarantees that the equivalent amount of renewable energy you’ve used within your household is fed directly into the National Electricity Market. If you’re after a quote, all you need to do is plug in your postcode and you’ll have an estimate within seconds. 

But if you like to keep yourself spoilt for choice when it comes to finding the perfect green energy plan, then head over to our Energy Cost Crunch calculator!

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Ceyda Erem
Ceyda Erem
Money writer

Ceyda Erem is Mozo’s authority on Energy, as well as having broader expertise as a personal finance writer. She loves to put her researching and writing talents into stories that help our readers to make more informed financial choices, whether that’s about finding the best energy deal or writing about the latest sneaky bank tricks. Ceyda has a Bachelor of Arts (major in writing) from Macquarie University.