Solar Rebate NSW- How does it work and how to get it?
Do you want to upgrade to a green energy solution by installing a solar power system?
Are you unsure how much NSW solar government rebate 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 for solar and battery systems. We will guide you on how much incentive you will get in the installation cost of the solar system of your desired capacity. We will also show you how you can reduce or have zero electricity bills by feeding green electricity back into the grid produced by your solar system.
There has been a vast increase in grid electricity within the last few years. On the other hand, the costs of solar systems have also dropped. Lucrative incentives by the Australian government have also encouraged many households and businesses to move to solar energy. Clean and environmentally friendly solar systems are excellent to have on rooftops or farmlands because it uses sun rays.
NSW is a perfect place for harvesting energy from the sun. It’s not only because of more sun exposure due to longer days but the NSW Solar Rebate 2021 is also helping many low-income households and small businesses to benefit from clean and cheap solar energy.
Let’s say you’d like to install solar panels on your home rooftop or want to retrofit a solar battery. In this 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 solar panels on their rooftops. And because of this, they are saving $900 per year and reducing annual emissions by 3 tonnes per family. This switch is a great help in achieving the zero-emission target.
In the NSW Net Zero Plan Stage 1: 2020-2030, 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.
NSW solar rebate 2021 – Small scale Technology Certificates (STCs)
NSW Government solar rebate – solar battery loan scheme
As part of NSW Solar Rebate, the government offers loans to homeowners in eligible postcodes 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 repayable over a range of terms up to 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 with up to 10-year terms for repayments.
Call Ultimate Energy Australia on the dedicated helpline number. We will evaluate your eligibility for the loan and help you further with the proceedings. The loan is interest-free and does not apply if you only want solar PVs and no solar battery.
NSW solar panel rebate – solar for low income households
The five eligible areas are listed below:
- Central Coast
- North Coast
- South Coast
- Sydney – South
- Illawarra – Shoalhaven
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 us. At Ultimate Energy Australia, 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 provider 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 guideline to NSW solar rebate 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 (cent per kilowatt hour).
If you are considering shifting towards a clean and environmental-friendly energy solution, now is the best time. All the schemes of NSW solar rebate 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