Solar Rebate NSW How Does it work? How Do I Get it?

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Solar Rebate NSW 2021

Do you want to upgrade to a green energy solution by installing solar PVs? Are you unsure how much Solar Rebate NSW 2021 will cut your upfront cost? At Ultimate Energy, we have answers to all of your questions related to solar rebates in NSW.
Our experts will run you through all available rebates and financial schemes for solar PVs and battery systems. We will step by step guide you on how much incentive you will get in the installation cost of the solar system of your desired capacity. Also, how you can reduce or have zero electricity bills by feeding green electricity back into the grid produced by your solar system.
 
There is a vast increase in grid electricity during some past years. On the other hand, the prices of solar systems have dropped much. Lucrative incentives by the Australian government have also encouraged many domestic users and businesses to move to solar energy. Clean and environment friendly solars are excellent to have on rooftops or farmlands because it uses the sun.
 
New South Wales (NSW) is a perfect place for harvesting energy from the sun, not only because of more sun exposure due to longer days. But Solar Rebate NSW 2021 is also helping many low income households and small businesses to benefit from clean and cheap solar energy.
 

NSW Solar Rebate 2021

Suppose you need to install solar PVs on your home rooftop or want to retrofit a solar battery. In that case, you can benefit from special rebates and financial schemes by the NSW Government solar rebate.
 
It is the goal of the NSW government to achieve net zero emissions by 2050. Therefore, to achieve this goal, a significant flourish in solar power is in practice at the state level. As a result, a record number of households and businesses are switching to solar power as a primary energy source.
 
Above all, around 500,000 homes and small businesses have installed solars on their rooftops. And because of this, they are saving $900 per year and reducing annual emissions by three tonnes per family. Finally, this switch is a great help in achieving the zero emission target.
 

Net Zero Industry and Innovation Program

Department of Planning, Industry, and Environment (DPIE) of the NSW Government published its Net Zero Industry and Innovation Program in March 2021. This plan aims to reduce emissions in NSW by support and partnership with industry and helping businesses grow in a low carbon world.
 
This program is a part of NSW Net Zero Plan Stage 1: 2020-2030.
 In this program, the government aims to reduce emissions by 35 percent by 2030 and achieve its final target of zero emissions by 2050. Solar empowerment to homes and businesses has a vital role in this program.

 

Solar rebate NSW How does it work? How do I get it?

NSW Solar Rebate 2021 – Small-scale Technology Certificates (STCs)

Small Scale Technology Certificates (STCs) is a lucrative solar rebate that can cut up to one third (33%) price of your solar system’s upfront cost. When you install solar PVs for your household or business, the Australian government awards a certain number of STCs. The number of eligible certificates depends upon your installation date (to determine the rate of STC at the time), geographical location, and the capacity of your solar system to produce energy in MWh.
 
In NSW solar rebate 2021, you usually get one certificate against one MWh of your system’s power generation capacity. Each certificate is valued at around $40 and can be sold at STC Clearing House at the same price, excluding GST. You can also sell them in the open market at a negotiated price. Therefore, STCs a great rebate and can save thousands of dollars on the installation cost of your desired solar system. You can sell a portion of STCs or all; also, you can transfer them to another person or business at an exchanged price.
 
The NSW solar rebate 2021 can be an attractive plan for you if you want a clean environment. And want to enjoy financial liberty and a healthy bank balance on the way.
 

Government Solar Rebate NSW – Solar Battery Loan Scheme

As part of solar rebate NSW, the state offers handsome loans to homeowners who want to install solar PVs on their rooftops. For homeowners who want to install solar PVs with a solar battery, the loan amount is up to $14,000, and payback time is up to terms of 8 years. For those who already have solar PVs installed and longing for a solar battery to store valuable green electricity, the loan amount is $9,000, and they can repay the loan in up to 10-year terms.
 
Call Ultimate Energy Australia at the dedicated helpline number or visit us in the NSW office. We will evaluate your eligibility for the loan and help you further in the proceedings.
The loan is free of interest and does not apply if you only want solar PVs and no solar battery.

 

Solar Rebate NSW

Solar Panel Rebate NSW – Solar for Low Income Households

To help low income households enjoy affordable clean solar energy, NSW solar rebate 2021 offers a free solar system installed on the rooftop of 3 kilowatt capacity. This offer is available only in five trial regions of NSW. The five eligible areas are listed below:
Solar rebate NSW How does it work How do I get it
 
 To benefit from this offer, you have to forfeit your Low Income Household Rebate, worth around  $285 a year. This forfeit is not in loss because a solar system of 3 kilowatts can save about $600 yearly. So, the amount you will save is more than double the amount you need to forfeit.
If you are a pensioner, living in any of the above regions in your own house, and have no solar already installed, you may be eligible for this free offer. To check all the eligibility criteria, feel free to contact or visit Ultimate’s local office. Helping low income households in obtaining green solar energy for their homes is our job.
 

NSW Solar Rebate – Feed-in Tariff

A solar feed-in tariff is the payment households and small businesses can receive from the excess energy from their solar system, which is fed back into the electricity network (the grid).

In simple words, solar panels installed on your roof generate electricity from the sun to power your home. If you don’t have a solar battery to store excess energy, you can feed unused energy back into the grid. Depending upon your agreement with your energy retailer, you will receive payment for this exported energy. The feed-in tariff will appear as a credit on your electricity bill.

For feed-in tariff of excessive solar energy that you send back to the grid, Independent Pricing and Regulatory Tribunal (IPART) endorses a standard rate range. IPART updates this benchmark range every year. This range encourages a reasonable price for both retailers and customers and reflects the wholesale market price of electricity production.

The rate is per kWh (kilowatt hour) and varies among retailers. Retailers are also not bound to follow it, as the benchmark range is just a guideline. As a guidline to Solar Rebate NSW 2021 , it is crucial to review the complete offer of your retailer, not just the feed-in tariff.
The benchmark range released by IPART in May 2021 is 6.0 to 7.3 c/kWH (i.e., cent per kilowatt hour).

Final Words

If you are looking to shift towards a clean and environment-friendly energy solution, now is the best time. All the schemes of Solar Rebate NSW 2021 are good reasons to make this shift. The investment in a solar system will not only keep your bank account filled. But you will also be doing a favor to the environment and coming generations.

Ultimate Energy is a reputable Australian company and a leading name in New South Wales. We offer very competitive prices in NSW. If you want to learn more about the government solar rebates in NSW, call us at 1300 41 42 64.
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