NSW Solar Bonus Scheme

NSW gross feed in tariff

As the fireworks erupted from Sydney Harbour Bridge at 12:01am January 1 2010, the NSW Solar Bonus Scheme opened for business. It means that NSW solar panel owners will be able to collect 60c for every kWh produced for at least the next 7 years.

It will be available to panel buyers until all the installed generators under this Scheme  reach 50 MegaWatts.

Panel owners who are eligible are the small electricity consumers. They are those consuming up to 160 megawatt hours of electricity annually.

Generally, this includes typical households,schools, small businesses and most community organizations.

Under this scheme, people will be able to get Solar PV Systems and Wind Turbines up to 10 kiloWatts in size.

According to Energy Minister John Robertson, the industry is expecting to install around 33,000 new solar systems during the life of the program.

The government is banking on solar PV costs decreasing over the next few years. Many are expecting that within the next 3 to 7 years, solar energy’s unsubsidized cost to consumers will be near that of dirty fossil based generation.

But in the mean time, the NSW Gross Feed In Tariff is giving a head start to the NSW solar industry so they can tool up, scale up and bring costs down and ROI up for Solar PV buyers.

Let’s hope the Feds watch and learn!

NSW Feed In Tariff Surprise: It’s Gross (in a good way!)

Yesterday the NSW Government surprised renewable energy fans by switching the new feed in tariff from a net to a gross tariff.

This means that owners of solar systems in NSW will now get 60c per kwh for all the electricity they generate.

Previously you were only going to get paid for the power exported to the grid (i.e not the power you used in your house)

This makes a huge difference to the economics of buying a solar power system in NSW.

Plugging the numbers into my solar calculator shows that a good quality 1.5kW system will pay for itself in just over 4 years.

In fact you’ll be getting around $120 per month of income from the outset. And the benefits will only go up as electricity prices rise.

Even if you take out a $7000 loan at 7% interest the system would be cash flow positive from the outset. See for yourself here.

That’s a better return, and much lower risk than most other investments these days.

Have a play with our solar calculators to see if it makes financial sense for you. Just put ‘Feed In Tariff %’ as 100% and ‘Feed In Tariff Price’ as 60c and the calculator will work out the payback and monthly savings.

Solar Panel Scheme : terminated and to cost taxpayers $440 million

Since 2000, the the Solar Homes and Communities Plan started out as the Photovoltaic Rebate Program offering $4,000. The program was changed in 2007 and was receiving by then an average 153 applications per week.

As part of the Rudd Government’s election commitments, the program was allocated $150 million to provide increased rebates of up to $8,000 to 15,000 homes over five years.

The number of applications for the rebate grew from 420 per week in May 2008 to approximately 6,043 per week in May 2009. [Read more…]

Pollies Agree on Something Shock! Solar Credits almost ready to go…

“Solar Credits” is the name given to the Australian government’s latest solar subsidy for homeowners, businesses and community groups. It was passed into law on 20th August 2009.

Now we are just waiting for the process by which solar buyers can actually apply and receive the solar rebate to be finalised. This has been promised by the 2nd week of September. Once the process for actually applying for, and getting your rebate has been decided by the Canberra bureaucrats people will actually be able to start getting their cash back  for solar systems bought after June 10th 2009.

Solar Credits subsides the cost of installing a Solar Power System and unlike the scheme before it (which was means-tested at a household income of $100,000) this subsidy is not means tested in any way.

It is the latest in a long list of different schemes, which seem to change more often then Kevin Rudd changes his underdaks.

It is currently worth about $5000 on a 1.5kW system. Which means you can get a 1.5kW system for an out-of-pocket cost of approx $4-$7K.

Solar Credits May Become Law This Week?!?

Newsflash! The government appear to have seen some sense and have decoupled the solar rebate legislation from the monster of an ETS bill that every pollie and his dog is arguing over.

Basically this means that the Solar Credits bill may get passed by the 21 Aug 2009 which will mean the the new solar rebate described here will be up and running again in a matter of days IF and it’s a bit IF…the pollies can bring themselves to vote for it. At least now the Libs, Greens etc. can vote for it without having to agree to the Emissions Trading Scheme bondoggle as part of the package. Keep your fingers crossed!

Victorian Feed In Tariff is a Joke

The Victorian parliament is set to vote in the new feed-in tariff laws as early as Wednesday. The proposition of this legislation has angered a great deal of green campaigners and supporters of renewable energy.

[Read more…]

Queensland Government Announces Massive Solar Program

Anna Bligh, the Premier of Queensland has announced plans to provide two hundred thousand Queensland residents with solar powered, economical and ecological, hot water systems. Bligh states the government has begun its election commitment, and is encouraging householders to take advantage of the new program. A government hotline has already been set up, so anyone interested can register quickly, and easily. [Read more…]

Garnaut says: It’s not to late

The Garnaut Climate Review has warned of the grave dangers of not reducing climate change stating that it will lead to dire consequences for humanity. However, the report also sheds some positive light on the issue, stating that it is still not too late to start doing something about it.

In Australia, there is a long-term goal to reduce all emissions by sixty percent between the year 2000 and 2050. In addition to this, they also hope to reduce emissions by up to fifteen percent by 2020.

Focusing on renewable energy sources is one of the things that Australia is doing to reduce these emissions. In addition, raising the taxes of major polluters is also on the agenda. Seeking green alternatives to fuel is essential as is optimizing energy efficiently in homes, businesses and public buildings with an emphasis on totally renewable and “free” sources such as solar energy and wind power.

[Read more…]

A message for Anna Bligh and Kevin Rudd: Start Stimulating Solar Energy!

Queensland local businesses in the solar energy industry have said that it is about time that the state of Queensland introduce the type of solar energy plan that is found in many places around Europe whereby households receive cash for the energy that their solar power system produces, that is distributed into the regular power supply, greatly encouraging the use of this greener, renewable energy source.

[Read more…]

Victorian Farmers Pissed Off With Government’s Solar Stinginess

The farming industry of the state of Victoria has criticized the local government’s legislation on solar energy for disadvantaging them while other states offer the industry a far better deal.

[Read more…]

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