Solar panels are becoming more and more popular across Australia, with solar rebates in Australia being one of the many incentives helping to make them more affordable for homeowners. These rebates work by reducing the price that you have to pay upfront in order to purchase your solar panels, as well as lowering the cost of installation and all of your ongoing energy costs. To help you take advantage of these rebates, here are some of the most important facts about them that you should know before you get started with solar panels in Sydney or elsewhere in New South Wales.
What is an Energy Savings Rebate?
The Energy Savings Rebate is a government incentive program that provides a rebate to homeowners who install approved energy saving measures. The most common installations are solar panels and heat pump systems, with the rebate amount being determined by the size of the installation. By installing these measures, homeowners can significantly reduce their electricity bills, while also reducing their environmental impact. To be eligible for an Energy Saving Rebate, your property must be residential and meet the eligibility criteria.
How much money can I save with a solar energy installation?
Installing a solar system is an upfront investment and an excellent way to save money on your electricity bills. A typical solar installation will cost between $10,000 and $15,000 for 4kW of power. But Through Solar rebate Scheme; Government will add $1400 against the total cost of the customer and $1400 interest free loan from the government However, this is only the beginning of the cost savings benefits; when you take into consideration the government incentives as well as savings on your electricity bill each year. E.g. (if your total monthly usage is 600kwh and your solar makes 200kwh you will only pay for 400kwh.
Should I go ahead with a solar panel system?
There are a number of benefits that come with installing solar panels, but the decision to install them is not always an easy one. If you’re considering making the switch, it’s important that you take into account these factors before making a decision.
- Solar panel systems typically pay for themselves within years, which means if your roof will last this long without being replaced then going solar could save you money on your electricity bills each month.
- Solar panels are environmentally friendly because they use sunlight to generate power without emitting any pollution or greenhouse gases.
- The government will provide a rebate on solar panels and interest free loan to the buyers.
How do I calculate the cost of my Solar Panel system?
You can calculate the cost of your system by doing the following.
Determine the size of your system and the number of panels it will have. Multiply these two together, then divide by 1000. This will be how many watts your panels produce. Next, divide this number by an average household’s power usage (most are around 30 kWh). Finally, multiply that result by how much you pay per kilowatt hour. That’s how much it would cost you to buy or lease a solar system!
Who needs to pay for electricity when the sun shines?
Most homes have their own electricity supply, but for others, there are two main options. One is called a grid-connected system, which means the home gets its power from the electrical grid and pays a utility company for that service. The other option is called off-grid, which means the home generates its own electricity using solar panels or another source like wind power. If a home goes off-grid and uses an inverter, it will be able to use both sources of energy (solar and grid) as needed.
If you’re thinking about installing solar panels on your roof. check out our solar rebate program.
Can I get solar panels installed even if I don’t own a property?
If you own a property that has access to the roof, then yes. If not, then it will depend on the policies of your renting agency. You can always approach them with a proposal and see if they are willing to let you install solar panels on their property.