Is It Still Worth Installing Solar Panels In Nsw

Further the tariff will fluctuate depending on the peak and off peak hours determined by the energy distribution network.

Is it still worth installing solar panels in nsw.

Nsw is experiencing a solar power boom. 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. 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. 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.

Across the state record numbers of households are installing small scale solar photovoltaic pv systems. It s a question we get asked dozens of times a day and for most households installing solar panels is worth it. Nsw solar rebates and incentives. Nsw residents have access to two solar incentives.

Solar and battery power. The nsw government s goal is to have net zero emissions by 2050 and switching to solar can help achieve this target. Well saving on energy bills is the foremost reason for installing solar panels nsw. According to chris barnes from consumer group choice the answer is pretty clear.

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. Usually per day energy charges in nsw can vary anywhere from 20 to 30 cents per kwh depending on the retailer. Federal government incentives are available to qualifying residential and commercial premises in australia that install solar panels and other renewable energy systems. 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.

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. When you get solar a net meter or smart meter will be installed. In almost all cases for almost all homes yes it s still worth it he said. The average sydney household can save up to 900 a year by installing a 4 kilowatt solar system on their roof.