Solar Panels Nsw Government Rebate

The nsw government s goal is to have net zero emissions by 2050 and switching to solar can help achieve this target.

Solar panels nsw government rebate. Two types of customers are eligible. Although the nsw solar bonus scheme ended in 2017 falling solar prices and rising electricity prices means nsw residents continue to take up solar. Federal government incentives are available to qualifying residential and commercial premises in australia that install solar panels and other renewable energy systems. Nsw is experiencing a solar power boom.

Other incentives for solar accelerated depreciation. Nsw residents have access to two solar incentives. The nsw government offers a number of rebates to help you reduce your energy bills. Nsw solar rebates and incentives.

Small scale technology certificates stcs and feed in tariffs fits. This solar power rebate can mean significant reductions in the cost of your solar system and have been designed to encourage australia s use of renewable energy. Solar photovoltaic pv systems or solar panels are a way of capturing sunlight and converting it into electricity. These programs are available to eligible nsw residents.

Retail on supply if you re eligible you can apply for a combination of the rebates shown below. A 2 5kw solar system for households that agree to not receive the low income household rebate. Our programs improve energy efficiency in the home. Thanks to accelerated depreciation businesses can write off the value of their solar energy system through the modified accelerated cost recovery system macrs which reduces businesses tax burden and accelerates returns on solar investments qualified solar energy equipment is eligible for a cost recovery period of five years.

Across the state record numbers of households are installing small scale solar photovoltaic pv systems. When you buy solar panels in new south wales nsw you receive the australian government solar rebate which can reduce the cost of your solar system by nearly a third unlike victoria there is currently no state based rebate in addition to the federal rebate there has been discussion about a solar rebate for low income households but it is not yet in operation. Solar for low income households trial for selected areas of nsw. By accessing rebates and discounts you can cut back on your energy use save on power bills and help the environment.