Understanding NSW Solar Rebates and Incentives: Save Big by Going Solar
New South Wales (NSW) offers residents attractive incentives to invest in solar power, aiming to achieve net-zero emissions by 2050. These initiatives include federal solar programs and state-specific incentives, providing opportunities for households to significantly reduce the cost of installing solar energy systems. Here’s a concise guide to the available rebates and how you can benefit.
NSW Solar Incentives
1. Small-Scale Technology Certificates (STCs)
STCs act like discount vouchers applied when purchasing solar systems. The number of STCs depends on:
- The size of your solar system.
- Your location within Australia’s STC zones (zone 1 offers the highest value).
- The remaining deeming period (until the program phases out in 2030).
Your installer typically handles the process, incorporating the STC discount into your system quote. For instance, installing a 6.6kW system in zone 3, could save you approximately $2,160 in upfront costs.
The rebate amount will gradually decrease in the coming years as follows:
- 2025 ($2160)
- 2026 ($1800)
- 2027 ($1400)
- 2028 ($1040)
- 2029 ($680)
- 2030 ($360)
Refer here for more details.
2. Feed-in Tariffs (FiTs)
FiTs allow you to earn credits for excess solar energy fed back into the grid. Rates vary by electricity retailer, which some may offer up to 22 cents per kWh in NSW. These credits help offset electricity bills, improving the affordability of solar systems.
Additional Solar Programs
- Empowering Homes Battery Loan: Interest-free loans are available for installing solar batteries, enabling energy independence and lower energy bills.
- Refer here for further government programs.
Why Act Now?
The federal and state incentives are gradually decreasing, with the solar rebate program ending by December 31, 2030. Early adoption means higher savings as the deeming period for STCs declines yearly.
Switching to solar in NSW is a smart investment, both financially and environmentally. From STCs to feed-in tariffs, these programs make solar power more accessible and affordable. Take advantage of these initiatives today to save money and contribute to a sustainable future.
For a personalized solar quote and expert guidance, contact us now or you can calculate here.