Living in New South Wales and still not making enough use of sunshine? That’s not fair!
Already thousands and hundreds of homies there are taking its advantage so why not you??
Solar Power NSW is worth considering if it can save on some dollars…isn’t it??
Well whether you are a newcomer for solar or trying to upgrade your existing one Topsolar Quote can help you out.
Yess…In today’s article we are going to walk you through every aspect of solar including its benefits, cost, rebate scheme and how you can decide your Best Solar System Size.
So lets begin firstly with plus points of solar power NSW,
What Are The Major Benefits Of Solar Power in NSW?
One of the major reasons why NSW homeowners and officer goers choose solar is to save on power bills.
Also since the introduction of NSW solar bonus scheme for new applicants – has influenced them more to install solar and become independent in self consumption of power.
Through this self-independence for power the solar owners reduce the demand for electricity from their retailer or electricity utility.
In fact sending the excess and unutilized power back to the grid is only going to be a way of additional earnings or a way to get some discount on power bills.
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Federal Discount for Solar PV System Installation In NSW
The NSW government has introduced the Renewable Energy Target (RET) – primary source for subsidization of solar panels installation in Australia. Through this government offers subsidies on installation of system upto 100 killowatts in capacity.
The amount of such discount depends on several factors like the location of installation, market price of small scale technology certificates and others that constitute overall subsidy.In general this federal discount can range upto $3500 to $ 2000 for 5kw to 2kw solar system. This means it almost covers about 30% of cost of solar installation in NSW.
You can avail such subsidy on the upfront cost of your system.
Attractive Return On Investment (ROI) For Solar power NSW
At current time there are no government solar feed in tariffs in NSW so a best solar power system can offer savings to its owner through reducing the need to purchase power from supply grids.
Also additional earnings can also be earned through sensing back the excess unutilized solar energy – at a rate depending on your retailer.
Moreover people who use the maximum solar energy during daylight are going to get the utmost benefits of solar investment.
Otherwise if you use less than 30% of what you’re solar produces, in that case it won’t be that good deal.
Low-Maintenance Investment
Most of the time people prefer to install solar panels at rooftops. So in such case they demand very less maintenance or inputs once installed properly.
Solar Tax Benefits For businesses
Depending on situation the solar owners can expect 3.5-4.5 kilowatt-hours (kWh) of solar energy daily from their solar across the year.
For example, a 5kW solar system is sufficient to produce 18kwh to 22kWh on an average sunny day.
With continuing rising electric rates even in the near far future, solar installation can be an effective way for you guys to protect your dollars from electricity bills going on hike.
To get a clear picture assume that you use atleast 30% of energy produced from a 5kw solar system – in return which can save you approx. $1.35-$1.65/day in electricity bill plus about $1-$1.20/day in feed-in credits.
Let us also calculate how much it will cost to have Best Solar Panels in Sydney NSW at your place,
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How Much Do Solar Panels Cost In NSW?
Buying solar power NSW can cost up to $3,400 and $7,700 for a standard solar panel system in New South Wales. At present a 3kw solar system can cost you approx. $3000 whereas a larger solar can cost you over $ 7500.
As per the report the investment in solar power NSW is no way cheaper than other places in Australia. But with the recent trends you can expect the continue fall in solar price.
Below we have prepared a table for you to give a more clear idea of which solar size will be in your budget.
3kW 4kW 5kW 6kW 7kW 10kW
New South Wales $3,420 $3,900 $4,360 $4,950 $5,860 $7,680
National average $4,000 $4,620 $5,090 $5,740 $6,770 $9,260
All the above price are estimated costs which may vary depending on different factors. For solar quotes on any of the above solar system get in touch with Top Solar Quote #No.1 Solar Specialist.
Installing solar power in NSW has numerous benefits which is why very less of rooftops in new south wales are seen without solar panels.
How Many Households have Solar in NSW?
About 25% of household of NSW have installed solar power at their place. That means around 639,000 rooftop solar PV installations in New South Wales.
Apart from that about 296,000 total number of homes and commercial places with solar hot water.
That’s quite huge!
Now we wonder why New South Wales is the second solar state after Queensland.
Now coming to the calculative part – how much solar rebate NSW you get on solar installations.
NSW Solar Rebates and Incentives
The residents of New South Wales have access to two types of solar incentive programmes.
- Small-scale Technology Certificates (STCs)
- Feed-in tariffs (FiTs)
Let us tell you that the present solar incentive schemes are not that generous as they were once. But still you have the moment now to save your thousands on solar system NSW.
#1. Small-Scale Technology Certificates in NSW
STCs are the rewards given by the Australian government in proportion of expected energy output of your system installation – be it solar, hydro, wind or other.
You can sell these certificates for around $40 each and can substantially save thousands on installation cost of solar as a part of solar rebate.Adding on the number of STCs certificate you will get depends on the solar size you install along with the location of your system. That means the sunny the place the more STCs you will get.
Basically Australia is divided into four STC Zones in which NSW stands for zone 3 while the north west area stands for STC Zone 2.
Moving onto another Solar Rebate NSW incentive,
#2. Feed-in tariffs
If your solar panel produce more energy than your consumption the excess power is exported to power grids. The retailers of such power grids pay you for such transfer at an predetermined rates.
Normally the rates are measure between 7 to 12 cents per kwh. You can calculate the amounts with the help of NSW Solar Rebate Calculator.
Over the last few years Solar Quotes has steadily built a network of heavily qualified Solar Panels NSW Installers.
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Apart from the currently running rebate schemes there are also various other benefits you can have like above only if you are aware of that.
NSW Solar Companies Offering Feed-In Tariffs
We can’t argue on the fact that New South Wales is already a well-built energy market with hub of retailers offering range of solar products.
Feed in tariffs in NSW is also available easily there for 3c/kWh to 20c/kWh or more. This means you can do some research before finalizing any retailer to maximize your savings.
Also you should never forget that high feed in tariffs doesn’t always translate to a good deal. As it can result in smaller discounts on your power bills.
Low-Income Solar Scheme
Apart from solar rebate the NSW government also initiated the low income solar rebate scheme in year 2018. It was mostly to help the low income households with getting the solar installations done.
Such groups of people has the option to either accept the offer or forego it in the exchange of 2.5kw solar system.
This is measure as twice the solar rebate i.e. savings of up to $600 per year.
Solar Batteries in NSW
With the rise in solar panels installation in New South Wales people are also moving towards solar batteries NSW.
The growing popularity of solar battery has influence the price but not more than the benefits you get in the long run. Actually Solar batteries make sure the maximum utilization of energy produced by your solar system.
Many a times the rates of feed in tariffs are comparatively lower than rates of electricity. In such cases the solar owners can restrict the export of power to the grid and can store the excess energy for later use.
Accordingly you must know that solar batteries don’t come at cheaper rate so initially you may not realize savings but in later years you surely will.
You can expect 10-15 years for a battery to pay for itself, but this also depends on the price of the battery and your energy consumption habits.
So did you made any choice?
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Is It Worth Getting Solar Panels In NSW?
Well those who already knew about NSW Government Solar Rebates may not find the current scheme much attractive or generous.
But still the falling prices of solar panels and rising rates of electricity along with competitive feed in tariffs will still save you some money.
Above that the complementary solar storage systems from your solar retailers can give you a more independent life irrespective of any power cuts or hike in power rates.
So according to our opinion investment in Solar Power Australia is going to be a great deal for you for decades.
If you still have similar queries or other related to solar installation in NSW feel free to reach out to us.
Top Solar Quote – Offering Best Solar Quotes in Australia
We are the leading solar quotes provider whether you want solar systems for houses or office place at anywhere in Australia.
Topsolar is simply focused on providing the most feasible and effective solutions regarding solar for Australian households or businesses.
We feel glad to help you in any way that can reduce or eliminate your electric bills by taking the advantage of current Australian Government Solar Rebate and incentive schemes NSW.
With fully experienced team of solar experts commit to provide excellent customer service at your fingertip.