Australians who are thinking about installing solar panels in their house may be entitled to government incentives. Rebates are available through state and federal government programs. These can help Australian homeowners save thousands of dollars on the cost of installing a solar system.
When you purchase solar panels in New South Wales (NSW), you will be eligible for the Australian government’s solar rebate NSW, which may reduce the cost of your solar system considerably.
How Does Solar Rebate Work?
In July 2018, the New South Wales Solar Panel Rebate Program was introduced to reduce the cost of solar panels for houses. This legislation encourages the installation of solar panels on residences in all states. The Solar Rebate NSW program was created by Environment Australia and the NSW government to encourage the use of renewable energy.
The program offers households up to $7000 refunds or a loan for solar panels for the installation of solar panels system. Anybody who lives or leases in New South Wales is eligible for the solar rebate incentives scheme. The initiative requires households to have a solar panel system installed by a professional.
In 2023, the NSW government introduced the Solar Homes Program to help households install solar panels by offering rebates and interest-free loans. This initiative aims to add 2.6 GW of solar capacity across the state, lowering electricity bills for thousands of households and reducing carbon emissions.
Eligible households can get a rebate of up to $3,000 for installing a solar panel system with a capacity of up to 10 kilowatts. Additionally, low-income households may qualify for interest-free loans to cover the initial costs of installing solar panels in NSW.
