Government Incentives and Rebates for Solar Energy in NSW, Australia
Introduction
Australia is leading the way in solar energy, with Newcastle solar being a prime location for solar installations. This blog post will provide you with useful and factual information about government incentives and rebates specific to NSW, Australia.
Small-scale Technology Certificates (STCs)
When you install a solar PV system in Australia, you may be eligible to create small-scale technology certificates (STCs). These certificates can then be sold to recoup a portion of the cost of your solar installation. The number of STCs you can create depends on the amount of electricity your system is expected to produce or displace.
STCs are a form of carbon credits that can offset carbon emissions by investing in renewable energy projects3. You could use the STC to offset the cost of solar panels or other small-scale technologies like bio-gas generators, rainwater tanks, and heat pumps. You can save money by utilising solar energy.
In 2023, you can sell your STCs for around $35-39 per certificate. This means that if you have a 5 kw solar PV system, you can expect to make $2100 - $2,420 to offset the cost of your solar panels.
NSW Solar Feed-in Tariffs
Feed-in tariffs are another incentive for solar energy. If your solar power system generates more electricity than you use, the excess can be fed back into the grid. Energy retailers in NSW will pay you a feed-in tariff for this electricity. The rate varies between retailers, so it’s worth shopping around.
The main benefit of solar panels is the savings you can make on your bills. When you generate your own electricity, you won’t need to buy as much electricity from your retailer. As an added benefit, most retailers offer a “feed-in tariff” for any unused electricity that you generate and export to the grid.
Empowering Homes Program
The Empowering Homes Program is a NSW Government initiative providing interest-free loans to eligible NSW homeowners to install solar PV systems and batteries. The program aims to support the installation of up to 300,000 solar-battery systems across the state over the next 10 years.
The program aims to unlock up to $3.2 billion in clean energy investment, adding up to 3,000 megawatt hours of storage into the NSW energy system when complete. It will help create jobs, reduce emissions, increase system security and reliability, and place downward pressure on energy costs.
Solar for Low Income Households Trial
The NSW Government is also running a trial program offering a free solar PV system to eligible low income households. The aim is to help these households reduce their electricity bills.
The NSW Government’s Solar for Low Income Households trial helps eligible households in selected NSW regions access clean affordable energy by installing free 3kW solar systems. These free solar systems can help to cut household electricity bills by up to $600 per year.
Choosing a Solar Installer
When it comes to installing your solar power system, choosing the right installer is crucial. Look for solar installers Newcastle who are Clean Energy Council accredited. Newy Solar Co not only prides itself having obtained these qualifications, but we also provide a full service, from initial solar quotes to solar installation and after-sales service. We are a favourite for Newcastle Solar Installer.
Conclusiong
In conclusion, there are numerous government incentives available for those looking to install solar power systems Newcastle. These incentives, combined with the falling cost of solar technology, make now a great time to consider going solar. Remember, whether you are looking for solar installers Maitland, solar panel installers Lake Macquarie, or are looking for Newcastle Solar Power, remember that Newy Solar Co is here to get you started on you solar journey.
