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 29th April 2011
NSW Governement Places Hold On Solar Bonus Scheme
The NSW Government has moved today to stop the blowout in the Solar Bonus Scheme by putting a two month hold on new applications pending the result of the Government’s Solar Summit Stage One.
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27th October 2010
60 cent Feed-in Tariff reduces to 20 cents
The Solar Bonus Scheme is the NSW Government's gross feed-in tariff scheme. Through this scheme the Government has successfully reached its first milestone of 50 megawatts (MW) installed capacity. Including additional capacity installed since that milestone was reached, NSW has the largest amount of installed small scale photovoltaic (PV) systems of any jurisdiction.
Following a statutory review of the Scheme, the NSW Government has announced changes to the design of the Solar Bonus Scheme. Notably for new customers joining the Scheme the tariff rate has been reduced to 20 cents from 60 cents. The Scheme will also be capped at 300 megawatts (MW). This change reflects the substantial fall in PV system purchase costs over the past twelve months and also takes account of the generous support provided through the Commonwealth's Renewable Energy Target scheme.
Customers who have connected systems by 27 October 2010 will not be affected by the tariff change.
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10th November 2009
Solar Bonus Scheme for NSW
The NSW Government has announced a Solar Bonus Scheme for NSW with the following features:
- A gross tariff of 60c/kWh for all electricity that is supplied to the grid
- 7 years duration.
NSW government objectives for the Scheme
- Encourage and support people who want to act on climate change by generating renewable energy locally.
- Build the state's green collar jobs sector, by helping solar technology compete with non-renewable energy sources.
- Expand the visibility of renewable energy technologies to help motivate the whole community in responding to climate change.
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23rd June 2009
NSW Feed in TARIFF Announced
It was announced by the NSW Government on Tuesday the 23rd of June that as off the 1st of January 2010 the NSW Feed in Tarriff scheme will commence.
It will pay eligible systems 60 cents per kilowatt hour for the renewable energy they feedback into the grid - this is around four time greater than the average price of electricity. READ MORE, click here for the media release.
16th June 2009
Introducing Solar Credits
The government released exposure draft legislation for the expanded Renewable Energy Target (RET) which will allow for the creation of Solar Credits for renewable energy systems installed from 9th June 2009. READ MORE
9th June 2009
$8000 Solar Rebate Ends
The Australian government will today release the final legislation for the expanded Renewable Energy Target (RET) which will allow for the creation of new "Solar Credits" to replace the existing Solar Homes & Communities Plan (SHCP) from today onwards. Read more
If you have not yet had your solar energy system installed contact Eco Solar Energy Australia today on 1800 ECO SOLAR (1800 326 765) to organise for a consultant to come out and discuss the advantages of solar and to provide a FREE no obligation quotation to suit your requirements.
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