27-Nov-2009 NSW Gross Solar Feed-In-Tarriff Countdown The most generous solar buy back scheme in the country will be introduced in NSW in just one month, making it a very happy new year for anyone with a solar electricity system.

The gross feed-in-tariff, announced by the NSW Government earlier this month, will see system owners credited 60 cents per kilowatt hour for all the electricity their panels create. That means a household with a 1.5kW system will be paid up to $1500 per year for the solar electricity their system generates.

“We applaud the NSW Government’s bold move to introduce a gross feed-in-tariff. This is the perfect incentive for home and business owners to invest in solar power” said Adam Tesoriero, Director of SolarSwitch.

This new tariff will drastically reduce the payback period for a solar electricity system to as little as four years.

The feed in tariff, which will be introduced in January 2010, applies to systems of 10kW or less and is guaranteed for 7 years. It is based on a “first come, first served” basis with the scheme being re-assessed once 50 Megawatts have been installed.....10MW of this total have already been installed.

Businesses also qualify for the new incentive provided they use less than 160MWhrs per year.

“Having installed over 1000 grid-connect solar electricity systems SolarSwitch has the knowledge, expertise and dedicated staff to install your system in a timely and professional manner to take advantage of the gross feed in tariff as soon as possible” said Mr Tesoriero.

The gross feed in tariff compliments the new rebate scheme known as “Solar Credits”. The cash incentive, which contributes toward the up-front cost of your system, is based on the “Renewable Energy Certificates” or “RECs”.

The RECs fluctuate in value but SolarSwitch still guarantee this rebate as a high point of sale discount of $7000 for a 1.5kW system, so you really are making the maximum saving. “The great thing about Solar Credits is that it is not means tested and is open to everyone, so businesses and people wanting to put solar electricity on their rental properties can access this incentive” said Mr Tesoriero.

SolarSwitch offer the highest quality monocrystalline solar panels and German inverters that are the most efficient and widely used in the world.

“We pride ourselves on installing quality equipment sourced from reputable manufacturers, that will be around to honour your 25 year manufacturer’s warranty….this is a lifetime investment after all. We are also an authorized dealer for SunPower who offer the most efficient solar panels available on the market, including a brand new 300 Watt panel” Said Mr Tesoriero.

Each installation is managed and carried out by SolarSwitch’s licensed, insured and Business Council of Sustainable Energy accredited electricians.

NSW electricity prices continue to skyrocket with a 21% increase in effect from July this year.

“So with the Solar Credits Scheme and the new gross feed-in-tariff there’s never been a better time to install solar. Why wait when you can cut your energy costs and start helping the environment today” Said Mr Tesoriero.

For more information or a Free Home Assessment contact SolarSwitch here or on (02) 8985 9945.

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