The NSW Solar Bonus Scheme ends on 31st December 2016.
If you are currently exporting all of your solar energy back into the electricity grid for a credit of 20c or 60c per kWh, then you must arrange to change your GROSS solar meter to either a NET meter or a SMART meter before the 31st December 2016. If you do not arrange a solar meter swap, you will end up receiving little or no benefit from your solar energy system from the 1st January 2017.
How do I know if I am on the Solar Bonus Scheme?
- On your power bill, you will see a line item called Solar Contribution
– Under this section, you will see “Charges: Solar Feed-In.”
– If you are on the Solar Bonus Scheme, you will see a Rate c/kWh of either 20c or 60c reflected on your bill.
- If you purchased a solar system between the 1st of January 2010 and the 27th October 2010, then you will be signed on to the NSW Solar Bonus Scheme, which pays you 60c per kWh for all your exported solar energy.
- If you purchased a solar system between the 28th October 2010 and the 28th April 2011, then you will be signed on to the NSW Solar Bonus Scheme, which pays you 20c per kWh for all your exported solar energy.
- An application to connect a solar generator to the network would need to have been lodged before 28th April 2011, and that solar PV system would need to have been installed on or before the 30th June 2012.
- If you purchased a home that had solar electricity installed by the previous owner which was signed up to the NSW Solar Bonus Scheme then you would automatically be included in the scheme when you registered a new electricity account with a service provider. You will receive a Feed-In Tariff rate of 20c per kWh.
What happens when I change over to a Net Solar Meter?
- Your rooftop solar energy system will still create the same amount of energy.
- The solar electricity will flow into your home rather than into the grid.
- Any electrical appliances that draw energy will use any available solar generated electricity.
- Your benefit is an offset savings benefit. By using your self-generated solar electricity rather that power from the grid then your savings are based on what you would have ordinarily have been charged for that power had you purchased it from your energy supplier.
- Any solar energy not used will flow back to the grid.
- Depending on your energy retailer, you may receive anywhere between $0.00 and $0.07 per kWh of exported solar energy back to the grid.
To request a meter swap quote – click here
To register your intention to change your meter – click here