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Solar Panel Rebate NSW – What Are The Factors To Consider?

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Solar Panel Rebate NSW – What Are The Factors To Consider?

Households and small businesses across Australia that install a small scale renewable energy system solar or eligible hot water system are in a position to receive the benefit of Small-scale Renewable Energy Scheme (SRES) to reduce the purchase cost.

Thus if you also are interested in saving some of your hard driven money…keep on reading this blog of Solar Panel Rebate NSW – stating all the important dynamics to follow.

Installing an eligible solar system allows the creation of Small-scale Technology Certificates (STCs) with a value that can be redeemed by selling or assigning them. The number of STCs created is based on:

  • the amount of renewable electricity the system produces or the amount of electricity consumption it reduces
  • the climate region where it’s installed.

 

How Does STCs Work?

 

You must have heard of small-scale technology certificates, more commonly known as STCs. But do you know how they work?

Well just think of those certificates as a source of savings for you… yes they are the actual things which can make you eligible for solar rebate that you can use to offset the price of your solar system. 

The number of STCs you’re allocated depends on how much energy your solar panel system will generate over its lifetime. This, in turn, depends on both the size of the system and your location and various other factors.

 

What’s The Solar Rebate NSW Offer?

 

Averaged across every corner of Australia, the rebate is currently worth around $600 per kW of solar panels we install. To find out whether you could be eligible or not you need to continue this blog of Solar Power Rebate NSW to the end.

 However, with each increasing days the amount of rebate is decreasing that with year 2031 it is going to become $0 in 2031. In simple words the sooner you will buy, the more money you can save.

So now that you have known so much about the Government Solar Power Rebate NSW its time to check whether you are eligible for it or not!

What Is The Criteria For Being Solar Rebate Eligible?

Small-scale renewable systems that may be eligible for certificates include:

  • solar photovoltaic (PV) panels
  • wind turbines
  • hydro systems
  • solar water heaters, and
  • air source heat pumps.

Here Owners have 2 options for receiving benefit for their STCs:

  1. Assigning them to an agent, mostly the system installer, in exchange of getting discount or delayed cash payment.
  2. Selling the certificates themselves.

Again here comes 2 options for selling the certificates:

  1. Through the open STCs market with pricing subject to market forces.
  2. Through the STCs Clearing House with the price fixed at $40 per STC, approx excluding GST.

With this we have come to the wrap up section and we know exactly what you thinking!

 

Thinking To Make The Switch?

 

Now that you are fully aware of the financial benefits of Solar Rebate NSW with going solar – time is right to invest into renewable energy. Not only you are going to save your dollars but also the environment around you.

Top Solar Quote is one of Australia’s top solar companies bridging the gap between solar users and solar installers.

With increasing experience by each day and the passion of providing quality service and sustainability - Top Solar is trying its best to bring the positive difference while using solar technology.

If you want to have a free chat with us you can book a appointment with us and our experts would love to help you out. You can mail us for more info @ [email protected] too…

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