Is There A Government Rebate For Solar Panels In Nsw

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.

Is there a government rebate for solar panels in nsw. The tax break reduces. For solar systems this was 15 years the life of the solar panels themselves is considerably more than that however as the rebate is being phased out in 2030 each year the number of stcs generated reduces. Nsw solar rebates and incentives. Across the state record numbers of households are installing small scale solar photovoltaic pv systems.

It s not yet clear based on what has been published so far how much you could receive as a. Rebates can help to further reduce your system costs by 10 to 20 percent. The nsw government offers a number of rebates to help you reduce your energy bills. Solar renewable energy certificates srecs legislation in some states requires utilities to generate a certain percentage of their electricity from solar power.

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. Households and small businesses across australia that install a small scale renewable energy system solar wind or hydro or eligible hot water system may be able to receive a benefit under the small scale renewable energy scheme sres to help with the purchase cost. The nsw government s goal is to have net zero emissions by 2050 and switching to solar can help achieve this target. 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.

Although the nsw solar bonus scheme ended in 2017 falling solar prices and rising electricity prices means nsw residents continue to take up solar. Nsw residents have access to two solar incentives. Installing an eligible system allows the creation of small scale technology certificates stcs with a value that. 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.

Small scale technology certificates stcs and feed in tariffs fits. Rebates are generally available for a limited time and end once a certain amount of solar has been installed. Nsw is experiencing a solar power boom. Retail on supply if you re eligible you can apply for a combination of the rebates shown below.