Solar panel systems receives the sunlight and convert it into electricity, decreasing your electricity needs from power grids and thus reducing your family’s total energy expenditure. In NSW mainly, solar energy is an interesting choice because of long hours of sunshine, high electricity bills and the attractive solar rebates NSW govt offers.
What Is the NSW Government Solar Rebate?
The New South Wales (NSW) government has set an objective: for NSW to achieve net-zero emissions by 2050. The foundation upon which this plan depends is, in fact, solar power. As such, the NSW government is offering appreciable financial incentives to households who install solar panel and solar battery systems. With solar energy system costs continuing to fall, there has never been a greater time to make the switch to solar.
To acquire the whole picture of just how much money it can save you, the solar panel experts at AYKA Solar will run you through the available schemes and incentives, making this your one-stop guide to the federal government solar rebate NSW.
Government Solar Rebate NSW (Small Scale Technology Certificates)
When you buy a solar panel system in New South Wales, you might be eligible to obtain the NSW government solar rebate, which may reduce the price of your solar system by as much as 33%.
The NSW government solar rebate consists of ‘small-scale technology certificates (STCs). STC’s are created when a solar system is installed. The variety of STC’s throughout the NSW solar rebate 2021 depends on the entire amount of energy produced. Typically, one STC is created for each megawatt-hour of production capacity in the system.
The variety of STC’s that you’re individually allocated relies on how much energy your solar panel system will generate over its’ lifetime. Hence, the bigger the system, the higher the rebate. In addition, the energy you generate can depend on your location – panels with better exposure to sunlight will create extra energy than panels that might be affected by the environment around them.
The standard government solar rebate NSW is presently worth about $600 per kW of installed solar panels. However, the NSW govt solar panel rebates are decreasing every year. So, if you’re trying to cut back your carbon footprint while aiding financial freedom, the NSW solar rebate 2021 is an attractive proposition.
Your solar panels and solar batteries should be on the Clean Energy Council’s (CEC) approved product listing to obtain the rebate. In addition, a CEC accredited installer should be the one to have installed the system. Your solar panel installer in Sydney will ordinarily decrease the purchase value of your solar energy system by the overall value of the STC’s that your system will create. This adjustment relies on the worth of the STC’s at the time of buy.
Government Solar Rebate NSW (Feed-in Tariff)
If you install a solar system without a solar battery, you’ll be able to feed any extra energy generated back into the main power grid. Proceeding this, your energy provider will pay a ‘feed-in tariff’ to you – a cost for the electrical energy that comes in the type of a credit score on your energy bill.
It is essential to notice that every energy provider can charge a special feed-in tariff price to you. There is a benchmark fee for retailers to observe; nonetheless, retailers should not be required to observe it. As such, it’s important to analyse and evaluate other plans across Australian power retailers.
Government Solar Rebate NSW (Solar for Low Income Households)
The solar for low-income household’s program affords eligible households the ability to access clean energy via free solar systems offered by the NSW government.
The NSW authorities have claimed that these free 3-kilowatt solar systems will help cut back a household’s complete electricity bill by as much as $600 per 12 months.
To be eligible, the following standards have to be met:
- Currently receiving the low-income family rebate
- Agree to not obtain the rebate for ten years
- Hold a legitimate Pensioner Concession Card or Department of Veterans’ Affairs Gold Card
- Own your own home
- Not have already got a solar system
- If you are not the registered homeowner, but your spouse is, you may be considered eligible collectively as a household.
- Should live in one of the following regions:
Sydney – South
Illawarra – Shoalhaven
Now that you’re aware of the financial advantages the NSW government solar rebate can provide, it’s time to put money into renewable energy. Not only will your bank account look healthier; however, you’ll be doing wonders for the environment. AYKA Solar is considered one of Australia’s reputed solar company and has installed over 40,000 solar panels over the past eight years.
With a passion for high-quality service and environmental sustainability, AYKA Solar is driven in making a positive difference using solar expertise. If you’d wish to learn more about our Solar Panels, enquire and call us today.