solar energy rebates
Grid Buy Back and NSW Solar Rebates
Understanding the economics involved in solar energy purchase and NSW solar rebates is key to effectively calculating the financial benefits you can reap from your Solar Energy installation. We can help you understand the public utility company feed-in tariffs and the government incentives concerning small-scale residential solar energy production.
What are Feed-in Tariffs
Public Utility company feed-in tariffs, or FITs. FITs are payable to non-commercial producers of energy which is generated by solar photovoltaic (PV) systems, to subsidise and promote solar energy production.
In practical terms, a solar feed-in tariff is the agreed dollar value of your excess solar output which goes back to the grid, between you and your energy retailer.
Solar feed-in tariffs are rebates applied to your electricity bill in the form of credit that counts towards your energy consumption. They are not considered income and therefore are non-taxable; there is no GST to pay either, so the kilowatt-hours your solar system produces directly translate into a net discount off your electricity bill.
Other Economic Benefits
Solar Power Rebates
A different type of economic benefit is the solar power rebates offered by the federal government under the Small-scale Renewable Energy Scheme.
Every year the Australian government seeks to incentivise households to install solar panels, and solar water heaters, to meet its Renewable Energy Target (RET), a way to reduce emissions of greenhouse gases, encourage clean energy generation, and fight climate change.
So according to the Small-scale Renewable Energy Scheme, solar panels are entitled to receive a number of certificates called Small-scale Technology Certificates, or STC’s.
Small-scale Technology Certificates
We take care of your STC’s
For every megawatt hour you produce, you receive a certificate called Small-scale Technology Certificate, or STC.
At GoSolar, we offer a convenient way to manage STC’s.
When you buy your solar panel solution from us, we will advance a NSW solar rebate, equal to the estimated certificate value, on your purchase. We will then take care of selling your STC’s on the market once the yearly RET has been set.
Free Solar Solution Quote
Get Your Free Quote Now
Contact GoSolar Newcastle today to have one of our qualified and experienced people assess your energy needs, review your available rebates, and put together a solution that pays for itself over time.
Your free quote includes
A full site analysis
A review of your current and future energy needs
A return on investment plan
Reduce your power bills
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