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If you live in Richmond, New South Wales, and you’re thinking of going for Richmond Solar Power, it’s best to familiarize yourself with the advantages of shifting to solar energy. There are a variety of Solar Rebates available to those who avail of solar power systems, and these savings could come during purchase as well as the actual installation. Of course, when you use solar power instead of the usual electricity, the perpetually fluctuating cost of electricity will not matter to you. More than that, you will also get savings in the form of feed-in tariffs.

Richmond Solar Feed-in Tariffs

Feed-in tariffs have been enacted by the state government of New South Wales, as well as by other states in Australia. This system is applicable for electricity that’s generated by solar photovoltaic systems. Feed-in tariffs are basically earnings coming from the electricity (per kWH) that your solar power system feeds back to the electricity grid. New South Wales has a Solar Bonus Scheme that gives you feed-in tariffs, depending on the system you have. For a gross metering system, all the solar electricity from your system is fully fed back into the grid. Contrast this from a net metering system, which feeds back the excess solar electricity you don’t use.

Consumers who use solar power will be notified of these solar credits on their electricity bills. If you’re connected to the system, you basically just have to wait around 3 months after connection or installation, depending on your billing cycle.

Over time, the credits you get from feed-in tariffs will really give you significant cost savings. So there’s no better time than today to get Richmond Solar Quotes, so you can immediately explore your options and move towards better electricity sources that result to savings for your household or even business.

New South Wales – As of 27th June 2012, the New South Wales feed-in tariff is between 7.7c and 12.9c per kWh. This was announced by the Independent pricing and regulatory Tribunal (IPART). What the determining factors for the broad rate are undisclosed. Therefore, the best thing to do would be to get in touch with the energy retails directly and see what they can offer. You can do this on the IPART website.

 

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