Solar feed-in tariffs are payments from suppliers when you send surplus electricity to them. There have been many changes in the legislation in New South Wales over the last few years. Ten years ago, the Solar feed in tariff NSW were high, but that has drastically been reduced today.
The total amount has reduced a lot and came to a point where many people argue whether solar is worth it. The perks are still there, and in the long run, it will give you a huge Return on Investment (ROI).
Are solar-specific plans always available?
Many retailers offer solar specific plans for customers to maximize their return on the investment. The downside is that it may not always be available. These plans are available in the form of short promotions or if a customer buys an eligible PV system.
Energy rates or feed-in tariff: What’s more important?
Both play an important part, the Solar feed in tariff NSW will make the difference to your power bill, and the tariff will decide the rate you are paying per kWh. You should never sign up for a plan that offers higher feed-in tariff and energy rates, as you will end up paying way more in case of bad weather or fault in solar panels.
What is my solar feed-in tariff?
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It is very important to know your Solar feed in tariff NSW. This is generally located on the last bill or the statement. You can alternatively find it on the providers website. Many providers make it difficult to find a service provider as a general thumb rule.
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The tariff is mentioned at the bottom of the website. Keeping a note of your usage and the amount of electricity your solar panel is producing allows you to check your total bill.
Is solar worth it in NSW?
Reduced feed-in tariffs and a huge upfront cost in installing PV systems depend on the consumer. There is no doubt that solar energy is a great way to make households self-sufficient and unlock property worth overnight. Frankly, it does not make sense to install PV as you have to put thousands of dollars upfront, but it will pay for itself in years to come.
Is there a minimum feed-in tariff in NSW?
NSW has no minimum feed-in tariff, and individual electricity retailers assign their rates. Since the entire market is deregulated, the retailers try to offer a good feed-in price to entice new customers. That being said, the average feed-in tariff in NSW is quite low.
There is no doubt that solar energy is one of the reliable energy sources, but with a low feed-in tariff, it has become a difficult choice for the end consumer. There is nothing better than solar power in the long run, as it is a limitless energy source that is readily available. Also, the PV lasts for a long time, and it is a one-time investment that offers continuous returns in years to come.