Government Solar Panel Scheme 2019

Nsw is experiencing a solar power boom.

Government solar panel scheme 2019.

Read about the 3 packages that were offered as part of the interest free loans for solar and storage program. Households and small businesses across australia that install a small scale renewable energy system solar wind or hydro or eligible hot water system may be able to receive a benefit under the small scale renewable energy scheme sres to help with the purchase cost. Provided you had your solar panels installed before the fit scheme ended on 31 march 2019 you ll still be guaranteed those payments at the rate you signed up to at the time for between 20 and 25 years depending on when you signed up. What does the government say.

The nsw government s goal is to have net zero emissions by 2050 and switching to solar can help achieve this target. If it goes ahead this would pay households for excess renewable electricity they generate to the grid. With this scheme a company would offer to provide the free solar panels take care of solar panel installation and maintenance for free and in return receive the feed in tariff fit payments. Eligible households can claim a discount on the cost of a solar panel pv system up to a maximum rebate of 1 850.

If you already have solar panels this won t affect you you ll still get your payments. In december 2018 the government confirmed its intention to end solar panel incentive payments on 31 march 2019 meaning people who have solar panels installed after this won t receive payments for generating electricity or exporting it to the grid. A 2019 study from the solar trade association found that over 800 000 uk homes now have solar panels and that number looks set to keep on rising. Instead a scheme called solar buyback has become another possibility where companies offer homeowners a lump sum upfront and in return collect the fit payments the homeowner would have received.

The previous feed in tariffs fit scheme closed to new entrants from 31 march 2019 following consultations in 2015 and 2018 to reduce the costs to consumers as the price of installing solar. Across the state record numbers of households are installing small scale solar photovoltaic pv systems.