Home Eco News Eco News / Issue 77 September 2010 Solar Buy Back Scheme Under Review
Solar Buy Back Scheme Under Review

SolarSwitch

solarThe most generous solar electricity buy back scheme in the country is now under review by the NSW Government. The scheme offers people with a solar electricity system at least 60 cents per kilowatt hour, almost four times the retail rate, for all the electricity their system produces.

"This amazing incentive means a system can pay for itself in just a few years, potentially wipe out a home's or even business' electricity bill and offer an approximate 30%pa tax free return on investment" said Adam Tesoriero, Director of SolarSwitch.

According to the government there has been a rapid uptake of the Solar Bonus Scheme or gross feed in tariff with about 30,000 households currently being paid to feed solar energy into the electricity grid. The scheme has just reached the milestone of 50 Megawatts installed triggering the review.

The review will determine whether the scheme has achieved its original objectives of promoting renewable energy and creating green jobs and whether there are to be any changes to the legislation and amount of remuneration offered.

The good news for those now wanting to make the switch to solar electricity is that they are still eligible for the current generous feed in tariff of 60c per kilowatt hour, which once approved is guaranteed for 7 years from January this year. The Clean Energy Council has confirmed with the Minister for Energy that if any legislation changes are made as a result of the review they will not be introduced retrospectively, so customers accepted under the scheme will continue to receive the 60c per kilowatt hour.

To assist customers in securing the current generous scheme SolarSwitch has dedicated resources to immediately lodge its customers' grid connect applications.

"Our strong relationship with reputable multi-national manufacturers like SunPower also means we can offer installation within 4 weeks, or if not $500 cash back....so again we are helping our clients to secure the 60c/kWh gross feed in tariff" said Mr Tesoriero.

SolarSwitch is the largest dealer on NSW for US Multi-National SunPower, which offers the highest efficiency solar panel in the world. The 300W panel is a fantastic option for making the most of your roof space to take maximum advantage of the gross feed in tariff. The panel is 18.4% efficient rather than the standard 13-14% which means more output from your panels while taking up less roof space, as a 1.5kW SunPower system takes up less area than a normal 1kW system. The panel's product warranty is at least double the standard product warranty, 10 years as opposed to 5 years, on top of the 25 year output warranty. It is also aesthetically pleasing being a black panel with a black frame.

SolarSwitch is one of the largest solar electricity installers in NSW and has worked with home owners, local government and businesses installing around 15% of the state's systems last financial year. SolarSwitch prides itself on installing quality systems with panels from reputable multi-national manufacturers with warranties held in Australia.

For a FREE HOME ASSESSMENT contact SolarSwitch on (02) 8985 9945 or visit www.SolarSwitch.com.au.

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