NSW Solar Panel Rebate And Incentives

Solar power feed-in tariffs and renewable energy incentive programs are offered across Australia, with variations from one state to another. Know more about the NSW solar rebates available for solar panels. Get in touch with Isolux on 1300 552 452 or Contact Us to inquire about the NSW solar rebate 2024.

The NSW Government has set a big goal: they want no net emissions by 2050. That’s why the government is offering solar financial incentives to eligible households that can get solar power.

Referring to it simply as a “NSW solar panel rebate” but it is actually an “incentive” from New South Wales Government to boost solar installation.

What Solar Financial Incentives Can NSW Residents Get?

NSW residents can benefit from various incentives, such as the Small-scale Technology Certificates (STCs) and Feed-in Tariffs.

How Does the Solar Incentive Work for NSW Residents?

Feed-in Tariff

A feed-in tariff (FiT) is like getting paid for any extra electricity your solar panels produce that you don’t use yourself. Imagine your solar panels are making more electricity than you need. Instead of storing it (which you’d need a solar battery for), this extra power goes back into the electricity grid that everyone uses. Feed-in tariffs not only helps cut down the cost of getting solar panels but also speeds up the time it takes for them to pay for themselves through your savings on electricity costs. The exact amount you get from feed-in tariffs can change, depending on who you buy your electricity from.

Check Your NSW Solar Power Rebate Eligibility

Reduce the cost of solar panel system through Australian Government Solar Rebate.

Check Your Eligibility

STCs

STCs work like a coupon that helps you save money when you’re buying a new solar power system. Number of STSs you get depends on a few things: the size of the solar system you’re installing, where you live (because Australia is split into 4 STC zones, and some zones get more STCs than others), and the deeming period, which is just a fancy way of saying how many years are left until this whole STC program wraps up. If you’re in zone 1, you’re in luck because that’s where you can get the most STCs; zone 4 gets the least.

STC Zones

How Do I Claim STCs?

When you decide to go solar, we (your solar installers) typically handle the STCs for you. What we do is figure out how many STCs you’re eligible for and then factor that into the quote we give you for your solar system. This means the price we quote you already includes the STC discount. When we’re installing your solar system, we’ll just need you to sign over your STCs to us, and we’ll convert them into cash value. If you’re thinking about claiming the STC value yourself, that’s an option too. However, it means you’ll need to pay more upfront for your solar system, sign up your STCs with the Clean Energy Regulator, and then wait your turn. The Clean Energy Regulator has pointed out that they can’t predict how long it will take for your STCs to sell. That’s why we really suggest letting us handle this part of the process for you. It’s smoother and simpler that way. To claim your Small-Scale Technology Certificates (STC) rebate in NSW, follow these steps:
  1. Install Your Solar System: First, ensure your solar system is installed by a Clean Energy Council (CEC) accredited solar installer.
  2. Receive Certificates: The number of STCs you’re eligible for depends on your system’s size, location, and expected energy output over the next 15 years. Your installer typically handles this step.
  3. Sell the Certificates: You can sell the STCs on the open market or transfer them to your solar installer in exchange for a discount on your installation costs.
  4. Claim Through Installer: Most installers deduct the value of STCs from the total system cost upfront, so you don’t need to go through a separate claims process.
Get expert guidance on applying for solar rebates in NSW from our experienced solar panel installation experts. Reach out to us today or give us a call, and we’ll help you apply for solar rebates effortlessly. Contact Us now!

When Does the Solar Incentive End in NSW?

The Solar Rebates Incentive, which governs the creation of STCs, is currently slated to phase out by 31st December 2030. This means that the financial incentive for installing solar will gradually decrease until it’s completely phased out. Prospective solar system owners are encouraged to act sooner rather than later to maximize their benefits.

Solar for Low-Income Households in NSW

Recognizing the importance of making solar energy accessible to all, the NSW Government has specific programs for low-income households. These initiatives aim to reduce energy bills and improve energy efficiency for those who might otherwise be unable to afford the upfront costs of solar installation.

Check Your NSW Solar Financial Incentives Eligibility

Reduce the cost of solar system through Australian Government Solar Rebate.

Check Your Eligibility

FAQs

Yes, NSW offers a federal rebate called the Small-Scale Technology Certificates (STCs), which lowers the upfront cost of installing solar panels. The rebate depends on the size of the system, location, and market value of STCs. Additionally, eligible low-income households can apply for the Low-Income Household Solar Program, which provides subsidized or fully funded solar systems.

In 2024, the federal STCs rebate for NSW continues, with the value decreasing as part of the scheduled phase-out by 2030. The rebate typically covers 20-30% of the solar system installation costs, depending on system size and location.

 

The $7,000 rebate refers to the Low-Income Household Solar Program in NSW. Eligible households can receive up to $7,000 worth of solar panels, covering most or all installation costs, reducing energy bills significantly.

The $4,000 energy rebate is part of the NSW Government’s Home Energy Action Program, offering financial assistance for energy-saving upgrades to low-income households. It includes various energy-saving initiatives, such as installing solar panels, insulation, or energy-efficient appliances.