BREAKING NEWS: NSW Solar Homes Subsidy announced by Labor

9 February, 2019

BREAKING NEWS: NSW Solar Homes Subsidy announced by Labor

Up to 500,000 families could receive up to $2,200 as part of the NSW Labor Government’s new solar policy, if elected on March 23. This will take NSW to over 1,000,000 homes with solar panels within the next 10 years, creating a virtual power plant and allowing the state to enjoy clean and renewable energy.

NSW could be the next Australian state to announce a solar policy, after South Australia and Victoria released their battery subsidy schemes in 2018.

When does it start?
This scheme is proposed to start in the 2019-2020 Financial Year.

Who is eligible?
Owner occupied households earning less than a joined $180,000 will be eligible for this subsidy.

How much can I expect to save?
Households are expected to save an average of $600 per year on electricity bills.

How do I get access to this subsidy?
To ensure the safe installation of solar panels the program will also support workforce development, training and accreditation of electricians who will install the panels.

How many houses can partake in the scheme?
500,000 households to install roof top solar and help reduce their electricity bills over the next 10 years

Since the energy system has been privatised, electricity bill prices have increased by over half.

“This will be a massive boost for families struggling with power bills and a real flip for the NSW solar industry” says John Grimes, CEO of The Smart Energy Council.

“It’s fantastic for families, great for jobs and good news for our climate.”

“The NSW Opposition’s approach is a stark contrast to the Morrison Government, which continues to demonise clean energy and boost polluting coal.”

More information will be provided as it is made available. For more information on NSW Solar Rebates, click here.

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These costs are based on the SA Power network in Adelaide but prices may vary depending on your circumstances. This comparison assumes a general energy usage of 4000kWh/year for a residential customer on Energy Locals Time of Use Tariff – (TOU – Peak, Off-Peak & Solar Sponge).

The reference price is set by the Australian Energy Regulator (AER) for a financial year in relation to electricity supply to residential customers in the distribution region and is based on an assumed annual usage amount. Any difference between the reference price and the unconditional price of a plan is expressed as a percentage more or less than the reference price. The terms of any conditional discounts are shown, along with any further difference between the reference price and the discount applied if a condition is met, expressed as a percentage more or less than the reference price.