Is There A Government Rebate For Solar Panels In Nsw

Solar renewable energy certificates srecs legislation in some states requires utilities to generate a certain percentage of their electricity from solar power.

Is there a government rebate for solar panels in nsw.

Across the state record numbers of households are installing small scale solar photovoltaic pv systems. Installing an eligible system allows the creation of small scale technology certificates stcs with a value that. According to information published on energy nsw an nsw government website publishing energy related information the trial rebate program is meant to help people with low incomes to install solar panels and consequently reduce their power bills. Retail on supply if you re eligible you can apply for a combination of the rebates shown below.

Nsw solar rebates and incentives. Two types of customers are eligible. When you buy solar panels in new south wales nsw you receive the australian government solar rebate which can reduce the cost of your solar system by nearly a third unlike victoria there is currently no state based rebate in addition to the federal rebate there has been discussion about a solar rebate for low income households but it is not yet in operation. There are currently great federal government incentives rebates available on all of our solar systems.

Rebates are generally available for a limited time and end once a certain amount of solar has been installed. Although the nsw solar bonus scheme ended in 2017 falling solar prices and rising electricity prices means nsw residents continue to take up solar. Rebates can help to further reduce your system costs by 10 to 20 percent. Three thousand low income electricity users in nsw are set to benefit from a state government trial offering free rooftop solar systems worth 4 000.

How it works the 15 million initiative will see 3 000 eligible homes in five centres supplied with free three kilowatt solar systems in their homes. The nsw government s goal is to have net zero emissions by 2050 and switching to solar can help achieve this target. Small scale technology certificates stcs and feed in tariffs fits. Nsw is experiencing a solar power boom.

An average sized residential solar system about 400 square feet of solar panels costs 18 000 according to the solar energy industries association an industry group. It s not yet clear based on what has been published so far how much you could receive as a. Nsw residents have access to two solar incentives. The tax break reduces.