Over 108,901 homes in NSW have solar power so now is the time to plan to set up a solar power system.
Solar power generators pave the way to a sustainable life. Solar power generation can also become an earning method if you sell the excess solar power to the grid.
Your electricity bill displays details on whether you are eligible for a solar feed in tariff nsw. The rate will be kWh (kilowatt-hour).
Feed-in tariffs change state-wise. New South Wales has no minimum feed-in tariff, and the government allows the retailers to determine the rate.
On-Grid Solar PV System
An on-grid solar PV system is connected to the electricity grid, which is beneficial if you plan to set up a solar power system in your household. When your solar power system generates excess electricity, the surplus is fed into the grid. So for you to have a feed-in tariff, an on-grid solar system is the minimum requirement.
No Power Outs
If you have a feed-in tariff solar system, you will never face power outs since you own an on-grid solar system. The household will draw electricity from the grid when your system cannot produce the required energy to run your household. Your household thus becomes powered 24×7 irrespective of the climate conditions.
Renting Your Household
In cases where you are renting a household, you are entitled to receive the feed-in tariff for any electricity that your household feeds into the grid. This becomes an additional income to you. You may have to discuss the feed-in tariff agreement with the property owner.
Renting an Apartment
In cases where you are renting an apartment, you will have to have a separate meter to determine the amount of electricity that your household feeds into the grid. Apartments and townhouses usually have vast amounts of solar panels installed.
Net Feed-In Tariff
Famous across Australia, the net feed-in tariff gives you credit on the energy fed back into the grid. This is a simple mechanism with more straightforward calculations. Energy suppliers usually offer comparable tariff rates.
Gross Feed-In Tariff
You will most likely have gross feed-in tariffs if you have a very old household with a solar power system. Gross feed-in tariffs pay you credit for every kilowatt-hour of electricity produced by your solar system irrespective of your consumption. The government later changed this tariff to the feed-in tariff. Energy retailers no longer provide gross feed-in tariffs.
Single Rate Feed-In Tariffs
Single-rate solar feed in tariffs in NSW offer you the same price for the exported solar energy irrespective of when you export. Single-rate feed-in tariffs are the most traditional form of feed-in tariffs available amongst retailers.
Time-Varying Feed-In Tariffs
Time-varying feed-in tariffs pay you different rates at different times of the day. The rate depends on the time at which you export the surplus power. They can be classified into three time periods: peak, off-peak, and shoulder. The shoulder period offers you a higher feed-in tariff compared to off-peak but is lower than the peak.
Final Thoughts
Solar power is reliable, sustainable, and environmentally friendly. An increasing number of NSW residents are now making the shift to solar power. Energy retailers will effectively use the power you send back to the grid, so you don’t have to worry about wastage.
