NSW, the last Australian state to pay for your excess Solar
For a long time now, the only financial benefit to installing solar panels in Australia was the reduced power bill. Well, it seems that now you can receive up to 60c per kilowatt for any excess power introduced.
One of the easiest and most cost effective installation techniques of solar panels is to plug them back into the grid. This eliminates the need for batteries to store the power and also allows you the use of the grids power if anything were to happen to your panels. Until now, you didnt get anything (except a credit) for supplying power to the grid. If you were to produce 110% of power from your panels, then you’d get nothing for that extra 10%. Now you get up to 60c a kilowatt.
Unfortunately, the eligibility of receiving this ‘payback’ for supplying power is a little bit of a grey area. It would appear that the lesser income earners will get more back than the higher income earners. That being said, even with the government’s (soon to be abolished) $8000 rebate for solar installation, the cheapest outlay for a small solar install is around $2000 on top of that rebate and even then you are lucky to be generating 25% of your power. So, the lower income earners are less likely to get solar panels to start with, especially if the rebate is removed.
Either way, I am hoping to get at least some panels installed next year to cover at least a small portion of my power consumption.
Households to be paid for solar power
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