Solar Rebates NSW

• If you live in areas with these postcodes.
• Qualify the requirements of the loan.
• Have a household income of $180,000 or less.
• You own your home, which is grid-connected and you have the legal authority to install the solar power system.

STC’s are certificates that were designed to act as a financial incentive to help homeowners and small businesses install a renewable energy system, which includes solar power systems among many others.

Think of them as a discount coupon or environmental credits that you get after installing a solar power system. STC’s can even be traded in or sold for cash, this is usually done by your installer. There is a certain amount of STC’s that you will be eligible for and that depends on your location and the size of the solar power system.

It is best that you let your installer take care of STC’s for you. Your installer will calculate the discount that you are eligible for. After the installation, your installer will trade in your STC’s with cash. You can also claim your STC’s yourself. However, you may pay a higher upfront cost, after that you will have to go to the regulator to register your STC’s and wait in line. It is recommended that you let your installer handle this for you since it is hassle-free and will save your time.

Under the STC scheme, a single megawatt-hour of renewable energy installed (both small scale and large scale) is eligible for STC’s. The amount of renewable generated will determine how many STC’s you are eligible for. This is dependent on where you live and this is called zoning, the Aussie Clean Energy Council will determine the amount of STC’s you get as a resident of New South Wales.

The rebates will get bigger with larger solar systems but it is advisable not to overdo it. For a medium home with 4-5 people, a 5kW solar system would work great. The cost is around $5000 with a yearly saving of $1700 or more. Generally, a 6.6kW solar power system covers are best for the average home. However, opting for a smaller solar power system will not put you at a disadvantage in terms of rebates. With smaller systems, the rebates are calculated so that the initial cost is covered.

Solar rebates in New South Wales can be claimed through the STC scheme. At the least, you can expect 50% of the cost to be catered since the actual amount of rebates cannot be generalised.

For example, a 5kW solar system in NSW should cost you around $7000 and you can claim the STC rebates as discounts at the point of sale, the discount will not be less than $2500. Overall, this is pretty cheap, especially when compared with what people are paying around the world for the same solar system.

We can take the example of New Zealand where the same solar system would cost more than $11,000. The Australian solar rebate has made a huge impact on solar system prices. Now, add the falling global solar system prices and it will give you an idea of why the solar scene is on the rise in Australia.

No, the solar rebate will be finished in 2030. Once the green energy objectives are met, the program will end.

You can apply for a government solar rebate by either letting your solar company handle it or you can do it yourself.

First, you will have to get the solar system installed, then you will have to gather all the relevant documents and apply for the STC’s with the Aussie Clean Council via their online site and after that, you will have to trade your STC’s.

For many Australians, the solar energy option is attractive, regardless of the way you look at it. It is evident that solar panels are getting inexpensive and a major contributing factor to this is the government rebates.

However, there is one downside:

Cloudy weather conditions may affect your daily yield and during those days you may want to tap into the grid. But, if you opt for a solar power system that yields a nominal output but slightly exceeds your daily usage, you will be good.