Grid Connect Solar Power
Anyone connected to mains power can install a solar system to produce their own electricity, for you to run all your appliances such as fridge, TV, microwave and other household appliances.
Solar panels convert sunlight into electricity. They can still produce electricity when raining or cloudy although not as much as a clear sunny day. If you’re not using power you will supply clean green energy back into the grid and will receive credits from your local energy authority reducing your electricity bill. You can produce all or a percentage of your electricity requirements, depending on the size of system installed.
Benefits
- Save on solar installation cost with the new Solar Credits scheme.
- Saves you money on your electricity bill with increasing electricity prices
- Each 1kWh of energy returned to the grid is credited to your account at 60¢. This “feed in tariff is effective in NSW on 1st January 2010.”
- Solar energy eliminates production of polluting green house gasses (a 1.5kWh system saves over 2 tonnes of Co2 each year)
- Increase the value of your property
- Earn building energy efficiency points required for new homes (basix)
- The solar system requires no maintenance
- 25 year panel performance warranty
Pricing
READ ON TO FIND OUT HOW RECS can work for you.
If the system is installed between 9 June 2009 and 30 June 2012, the home owner will receive five times as many RECs as under the deeming arrangements for the existing Renewable Energy Target Scheme.
The multiplier reduces to four for systems installed form 1 July 2012 to 30 June 2013 and continues to reduce each year until it has phased out to the standard multiple of 1 from 1 July 2015. The timing of the phase-out means that Solar Credits will not adversely affect reaching the 20 percent target by 2020.
Under the existing Renewable Energy Target Scheme. System owners can receive RECs for the lifetime generation of the system either upfront or over longer time periods of one, five or (in the case of solar PV systems) fifteen years (“the so-called ‘deeming period”).
To assist with administrative efficiency and for maximum upfront assistance, the additional Solar Credits will only apply in the first time period that certificates are created for a system.
This means that home owners can receive the full lifetime benefit of the solar system upfont at point of sale, helping with the upfront costs of installing the system.
RECs
The level of subsidy will depend on a number of factors, including the price of Renewable Energy Certificates (RECs), the deeming period chosen by the applicant, the location of the solar PV system and the size of the system.
A solar PV system in Sydney, Perth, Adelaide, Brisbane or Canberra will receive a higher rate of RECs than a system installed in Melbourne or Hobart that will receive fewer RECs as these areas have less sunshine so less renewable energy is produced.
Example
The RECs multiplier of x5 is limited to systems up to 1.5kW & for every level above 1.5kW you will receive a multiplier of x1. This does not include GST.
For example a 2.1kW system RECs are calculated as follows:
