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Understanding the Current Solar Energy Rebates and Grants in NSW

Understanding the Current Solar Energy Rebates and Grants in NSW

New South Wales is leading Australia in the charge for solar energy uptake, with around 24.6% of households installing solar panels and batteries over the last 10 years. With the change to renewable energy and the move away from fossil fuel as such hot topics, the NSW government is aiming to reach net-zero carbon emissions by 2050 as part of the Net Zero Plan.

The NSW government is offering grants and rebates for homeowners and small businesses to encourage the transition over to solar power system and other forms of renewable energy. While the Solar Bonus Rebate finished in 2017, there are still options for anyone looking to install solar panels and battery systems on their NSW home.

There are two main grants offered in NSW: the Empowering Homes Solar Rebate and the Solar for Low Income Households grant, which is in its trial phase in certain regions.

Empowering Homes Solar Rebate

The Empowering Homes Solar Rebate aims to help homeowners in eligible postcodes transition to renewable energy by providing interest-free loans for the initial cost of the panels. Eligible homeowners can receive:

  • up to $14,000 for a solar panel and battery system, or
  • up to $9,000 for a solar battery refit system.

Solar for Low-Income Households

The Solar for Low Income Households trial provides pensioners in eligible households with a free 3kW solar system installation, with the aim of reducing overall energy costs by up to $600 a year. To be eligible for the trial, you must:

  • reside in one of the eligible regions pinned for the trial
  • own your home
  • currently receive the Low-Income Household Rebate
  • hold a valid Pensioner Concession Card or Department of Veteran Affairs Gold Card
  • not already have a solar PV system installed.

Assistance for regional businesses

For regional businesses, the Regional Community Energy Fund is developing grants and incentives to help households and small businesses manage their energy costs. These initiatives include:

  • Grants for energy projects that benefit the local community
  • Funding for regional energy hubs to give households and small businesses the support and resources they need to access expert advice and manage energy use.

Feed-in tariffs

Homeowners and small businesses are also able to take advantage of feed-in tariffs. Excess electricity produced by your grid is purchased back at a rate set by your energy provider.

The production of solar energy is usually at its highest while the demand for energy is at its lowest (between 8.30 am – 4 pm). Because of this, the rate for feed-in tariffs is not high, usually sitting between 3-6c per kW.

The Small-scale Renewable Energy Scheme

In addition, the Federal Government also offers the Small-scale Renewable Energy Scheme (SRES) for households and small businesses that install an eligible small-scale renewable energy system. The SRES provides a running benefit that can help with the initial costs of installation and maintenance.

By installing an eligible system under the SRES, a household or business is granted Small-scale Technology Certificates (STCs) with a value that can be redeemed by selling or assigning them to your energy provider.

The number of STCs created is dependent on the amount of renewable energy the system produces and the region in which it is installed. Australia is split into four STC zones, with Zone 1 receiving the most STCs and Zone 3 the fewest. Most of NSW sits in Zone 2, although the North-west area around Byron Bay is in Zone 1.

Need help with your solar installation?

There are plenty of options for a household looking to install solar panels and reduce their energy costs. If you’d like to find out if you’re eligible for any of these incentives or would like to learn more about solar power and what our services can do for you, contact Solar Path and speak to one of our expert energy consultants today.

Read More:
5 Considerations to Make Before Switching to Solar
The Benefits of Going Solar for Every Industry

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