Solar Bonus Scheme for NSW
Information below has been sourced from the following site
NSW Government Announces Closure of the Sola Bonus Scheme
The NSW Government has today moved to ease the cost burden of the Solar Bonus Scheme by announcing the Scheme's permanent closure to new applicants.
NSW Minister for Resources and Energy, Chris Hartcher said the Government was closing the Scheme to new applicants effective midnight 28 April 2011 and will introduce legislation to Parliament as soon as possible to support these changes.
"This is a Scheme that from the outset has been characterised by policy failure and an extraordinary level of mismanagement," Mr Hartcher said.
"We believe this to be a fair and responsible measure to reduce the burden imposed on NSW taxpayers."
The total cost of the Solar Bonus Scheme is expected to reach up to $1.9 billion.
Mr Hartcher said the Government would honour applications received by network businesses before the hold was imposed.
"Applications received prior to the 29 April 2011 but yet to be connected to the Scheme will be progressed and considered under the eligibility criteria."
For further information view the NSW Govt Press Release >
For further information vistit the NSW Govt website >
The key features of NSW Solar Bonus Scheme include:
It commenced on 1 January 2010 and will operate for 7 years.
It credits eligible customers with a gross meter with a 'gross' feed-in tariff rate of 20 cents per kilowatt hour for all the electricity that their eligible solar photovoltaic (PV) system or wind turbine generates.
Certain customers who meet all requirements for eligibility under the NSW Solar Bonus Scheme (other than having gross meters installed) and who prefer to install or remain on net metering, may choose to receive net credits for their generation.
Small electricity customers (those with an annual electricity consumption of up to 160 megawatt hours) are eligible to participate in the Scheme.
Only customers with solar photovoltaic (PV) panels and wind turbines (up to 10 kilowatts in capacity) that connect to the electricity network through an inverter (up to 10 kilowatts in capacity) are eligible to participate in the Scheme.
Solar PV systems installed and connected after 1 January 2010 must be installed by a person, who at the time of the installation had a Grid-connect Design & Install accreditation from the Clean Energy Council to be eligible for the Solar Bonus Scheme.
Each eligible small electricity customer is entitled to receive the Solar Bonus Scheme credit for one eligible renewable energy generator (solar photovoltaic system or wind turbine) only.
The Scheme will be reviewed in 2012 by the Minister for Energy, or when the installed capacity of renewable energy generators participating in the Scheme reaches 50 megawatts, whichever occurs first.
More information is available in the Solar Bonus Scheme Questions and Answers.
Read more about the NSW Solar Bonus Scheme |