Small-Scale Technology Certificates In NSW:

When you set up a renewable generator like solar, wind, or hydro, the Australian government gives you Small-scale Technology Certificates (STCs) based on the expected energy output throughout its life. You can sell these certificates for about $40 each, acting as a rebate that can potentially save you thousands on installation costs.

The number of STCs you get depends on the size of your solar system and its location. Sunnier areas receive more STCs. Australia is divided into four STC zones, with Zone 1 getting the most and Zone 4 the least. Most of New South Wales is in Zone 3, but the North-West area is in Zone 2.

Feed-In Tariffs:

When your solar panels make more electricity than you use, the extra goes to the electricity grid. Your electricity company will give you a little discount on your bill for each kilowatt-hour (kWh) of exported electricity, usually about 7 to 12 cents per kWh.

The special government-supported feed-in tariff of 20c or 60c per kWh, known as the solar bonus scheme, ended in December 2017. Customers who were on this scheme were shifted to a different feed-in tariff.

Which Companies In NSW Offers Feed-In Tariffs

In New South Wales, there are lots of energy companies offering different solar products in a well-established market. The payments you get for feeding energy back to the grid, known as feed-in tariffs, can vary from 1c/kWh to 20c/kWh or even more.

So,  it is a good idea to check out different options to save money. But remember, deals with high feed-in tariffs might have smaller discounts or higher rates for using electricity, so a high FiT might not always mean a good overall deal.

NSW Low-Income Solar Scheme:

• In New South Wales, households that qualify can decide not to get the Low Income Household Rebate, which is worth $285 each year, and instead, get a 3kW solar system.
• Even though it’s a smaller solar system, the Australian Government says it could save households $600 a year, which is more than double the rebate amount.
• This opportunity is currently only available to concession holders with a qualifying property.

The price of solar panels in New South Wales depends on things like how big the system is, government incentives, and where you live. Even though getting started might seem like a lot, the savings over a long time, along with help from the government and how the market is changing, mean that solar panels are becoming a good and money-saving choice for people living in NSW. Visit this Site for more details.

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