Rebate > Facts About Solar
Facts About Solar
The Gross Feed-in Tariff
On 12 November 2009, the NSW Government announced a "gross" Feed-in Tariff for NSW households with solar panels commencing January 1, 2010. NSW's Solar Bonus Scheme will now deliver the highest payments to families of anywhere in the country.
Under a Gross Feed-in Tariff households will be paid for every single kilowatt hour of energy they generate instead being paid only for what they don't use.
"These changes will see an average family paid around $1,496 a year...That's a 62 percent increase on the previous scheme and means households can pay off their investment in solar panels in around eight years." said Premier Nathan Rees.
"Under our scheme, homeowners will know up-front how much they will be paid for all the energy their solar panels produce...Households with solar panels will be paid 60 cents per kilowatt hour and an average household system would generate annually around 2500 kWh."
Mr Rees said the scheme was proposed to run for seven years.
Eligible Technology
Solar Photovoltaic (PV) Systems up to 10 kilowatts in size will be eligible for the NSW Gross Feed-in Tariff. A standard solar system is around 1.5kW and can generate around 2500kWh of solar energy a year. A 10kW system would generate around 16,700kWh a year and pay out close to $10,000 under the NSW Gross Feed-in Tariff. The tariff will be payable to small retail customers (whose electricity consumption does not exceed 160 megawatt-hours of electricity per annum).
Source: http://www.industry.nsw.gov.au/news/2009/energy/
- Legislation was passed by parliament on 20th of August 2009. Under Renewable En ergy Target legislation, electricity retailers are required to purchase green energy from those households that are able to supply it.
- The Solar Bonus Scheme in NSW started on 1 Jan 2010 and will end on 1 Jan 2017.
- Participating home owners also get a rebate towards the cost of installation in the form of REC's (Renewable Energy Certificates) which comes straight off the normal retail price.
- Australia is the only country in the world which has used these two incentives. All other countries have used the feed‐in‐tariff only as an incentive to move their populations to‐ wards clean sources of energy.
- Australia is producing less than 2% of its energy through green means, and is lagging be‐ hind the rest of the developed world. Scotland, for example, produces five times more solar energy than us. Spain 50 times, and Germany 500 times.
- Australia is also the largest emitter of CO2 gases per head of population .
- Australia has now made a commitment to ensure that 20% of the country's electricity supply is from renewable sources by 2020. This means that in 10 yrs time the amount of electricity coming from renewable sources like solar, wind, and geothermal will be about equal to Australia's current household electricity use.
- The cost of electricity in Australia has skyrocketed recently, with prices going up 21% in June 2009, and similar rises due end July 2010 and every year after that.
- Following this increase, 18,000 households had their power cut off in NSW alone due to their inability to pay their bill.
- Whether you install solar panels or not, a portion of your electricity bill is being used to fund those home owners who are making the move towards green energy.
- Under the current scheme, household owners who install solar panels, will have these panels paid off through the feed in tariff within a period of 55.5 years regard less of the size of the system.
- This means, in essence, that the Australian government is paying for home owners who in‐ stall solar panels to become owners of their own electricity supply within that period of time (5.5yrs).
- A small to medium size solar installation will save on average between 1.5 and 3 tonnes of CO2 per quarter.
The Gross Feed-in Tariff
On 12 November 2009, the NSW Government announced a "gross" Feed-in Tariff for NSW households with solar panels commencing January 1, 2010. NSW's Solar Bonus Scheme will now deliver the highest payments to families of anywhere in the country.
Under a Gross Feed-in Tariff households will be paid for every single kilowatt hour of energy they generate instead being paid only for what they don't use.
"These changes will see an average family paid around $1,496 a year...That's a 62 percent increase on the previous scheme and means households can pay off their investment in solar panels in around eight years." said Premier Nathan Rees.
"Under our scheme, homeowners will know up-front how much they will be paid for all the energy their solar panels produce...Households with solar panels will be paid 60 cents per kilowatt hour and an average household system would generate annually around 2500 kWh."
Mr Rees said the scheme was proposed to run for seven years.
Eligible Technology
Solar Photovoltaic (PV) Systems up to 10 kilowatts in size will be eligible for the NSW Gross Feed-in Tariff. A standard solar system is around 1.5kW and can generate around 2500kWh of solar energy a year. A 10kW system would generate around 16,700kWh a year and pay out close to $10,000 under the NSW Gross Feed-in Tariff. The tariff will be payable to small retail customers (whose electricity consumption does not exceed 160 megawatt-hours of electricity per annum).
Source: http://www.industry.nsw.gov.au/news/2009/energy/
