Is It Still Worth Installing Solar Panels In Nsw

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.

Is it still worth installing solar panels in nsw.

Solar is worth it financially as you can see for most australians they can install solar and have the system pay for itself within 6 years. Then they can benefit from free energy on the roof and an income stream from energy sold back to the grid offering overall a great return on investment. That s a reflection of the fact the price of the actual panels has gone down and the capacity of the solar panels has gone up. Small scale technology certificates stcs and feed in tariffs fits.

Across the state record numbers of households are installing small scale solar photovoltaic pv systems. Granted the solar incentives are not as generous as they once were but they can still save you thousands of dollars over the life of your system. According to chris barnes from consumer group choice the answer is pretty clear. The nsw government s goal is to have net zero emissions by 2050 and switching to solar can help achieve this target.

The average sydney household can save up to 900 a year by installing a 4 kilowatt solar system on their roof. What you need to know about the solar power rebate in sydney and nsw. Nsw residents have access to two solar incentives. Solar panel prices are at a record low with an average sized 8kw solar system with good qualitypanels now costing as little as 8000 9000 fully installed generating over 30 kwh a day averaged out across the year.

Usually per day energy charges in nsw can vary anywhere from 20 to 30 cents per kwh depending on the retailer. It s a question we get asked dozens of times a day and for most households installing solar panels is worth it. In almost all cases for almost all homes yes it s still worth it he said. When you get solar a net meter or smart meter will be installed.

Further the tariff will fluctuate depending on the peak and off peak hours determined by the energy distribution network. Nsw solar rebates and incentives. Federal government incentives are available to qualifying residential and commercial premises in australia that install solar panels and other renewable energy systems. Solar technology is getting better and cheaper an average 4 kilowatt rooftop solar system could be paid off in less than five years through lower energy bills.