Encore energy solar rebates 2017 install#

This offer is currently only open to concession holders in the Central Coast, North Coast, South Sydney, Shoalhaven Illawarra or the South Coast however, the program is set to expand over the next 12 months. While that is a relatively small solar system, the Australian Government states that it could save households $600 per year, which is more than twice the rebate. In NSW, eligible household can choose to forego their Low Income Household Rebate – valued at $285 a year – in exchange for a 3kW solar system. This means a good FiT might not translate to a good deal. Keep in mind that deals with high feed-in tariffs might include smaller discounts or increased electricity usage rates. Feed-in tariffs in NSW can be anywhere from 1c/kWh to 20c/kWh or more, meaning it’s definitely in your financial interests to shop around. New South Wales has a well-developed energy market, with a myriad of retailers offering a range of solar products. NSW Solar Companies offering feed-in tariffs The solar bonus scheme ended December 2017, and all customers who were receiving a government subsidised feed-in tariff of 20c or 60c per kWh were transitioned to another feed-in tariff. Your electricity retailer will pay you with a small deduction on your bill for each kilowatt-hour (kWh) of electricity exported – usually around 7 to 12 cents per kWh. If your panels produce more electricity than what’s being consumed, the excess is exported to the electricity grid. The majority of New South Wales sits in zone 3, however the North-West area of the state is situated in zone 2. Australia is split in to four STC zones with zone 1 receiving the most STC’s and zone 4, the least. The number of STC’s a solar customer receives depends on the installed system size as well as the location – the sunnier the area, the more STC’s. These certificates can be sold for around $40 each, serving as a form of rebate that can potentially save thousands on installation costs.

Encore energy solar rebates 2017 install#

When you install a renewable generator be it solar, wind, hydro or other, the Australian government awards a number of STC’s in proportion to the expected energy output over the life of that generator.

Small-scale technology certificates in NSW

Granted, the solar incentives are not as generous as they once were, but they can still save you thousands of dollars over the life of your system. NSW residents have access to two solar incentives: Small-scale Technology Certificates (STCs) and feed-in tariffs (FiTs). This makes New South Wales the Australia’s second largest solar state, behind Queensland.Īccording to a recent report by Australian Energy Council, NSW is leading the way with rooftop PV systems, with 116,368 installed as of July 29, 2021. There are around 650,000 rooftop solar PV installations in New South Wales, accounting for about 21% of households. Our database may not cover all deals in your area, and please check retailer websites for up to date information. Price estimates exclude solar feed-in tariff credits. This table may include products from referral partners†. Annual price estimates assume general energy usage of 3900kWh/year for a residential customer on a single rate tariff. We show one product per retailer, listed in order of lowest price first. These costs are based on the Ausgrid network in Sydney but prices will vary depending on your circumstances. Here are some of the cheapest solar-specific deals from the retailers on our database. For a specific quote, you should get in touch with your preferred installation specialist. The actual cost of your solar panels can vary greatly depending on where you are, what system you’re after and your installer. These prices reflect estimated costs within Sydney, NSW. Prices are after applied STC discounts and GST. Source: Solar Choice – March 2023 solar price index. Below you can see just how much you can expect to pay for a solar system and how it compares to the rest of the nation. Better yet, solar has become considerably cheaper in recent years and prices are expected to continue to come down. While solar is by no means cheap, solar in New South Wales is considerably cheaper than the national average. Generally speaking, a small system (less than 3kW) will set you back up to $3,800, whereas a larger system can cost over $6,000. It costs between $3,800 and $8,500 for a standard solar power system in New South Wales, depending on the size of the system. Get Quotes Now How much do solar panels cost in NSW?