PhotoYou can enjoy multiple benefits when you invest in a robust solar PV system in New South Wales. The value of your property increases, your contribution towards a greener planet is enhanced, etc.
However, one of the most important advantages of solar energy is the cost savings of the feed in tariff NSW.
Electricity retailers pay you for the excess solar power that is fed back into the grid. This is called the feed-in tariff. The feed-in tariff is given as credit against your electricity bill. Different electricity retailers pay different tariffs in NSW.
Listed below are some tips to get the best price for your excess solar electricity.
#1 Choose the Right Solar Energy Plan
The first step to finding the highest feed-in tariff in NSW is to understand your energy consumption. Electricity plans are generally a balance between solar feed-in tariff and discount off the reference price. In other words, plans with higher than the average feed-in tariff will include low or no reference price discount. On the other hand, plans with higher discounts will include lower feed in tariffs in NSW.
If you believe that your energy consumption will be lower than the amount of solar energy generated, you may choose the higher solar feed-in tariff. However, if your consumption is more, you are better off with a higher discount.
#2 Use a Solar Feed-In Calculator
The residents of New South Wales have multiple choices when it comes to picking an energy provider. Many providers are willing to offer competitive prices. Make use of a solar feed-in calculator to find the best price deals available to you. Compare the prices and look out for any catches.
A solar feed-in calculator is easy to use and is available for free. Use the calculator to enter a few details and have all available quotes laid down in front of you. The feed-in tariffs range from a minimum of 7 cents per kilowatt-hour to 20 cents per kilowatt-hour.
#3 View the Electricity Plan as a Whole
When you choose an electricity plan, do not be entirely carried away by the high feed in tariff in NSW. Some plans may have additional conditions that may ultimately bring down your cost savings. Be sure to look through the entire plan and make an estimate of your potential savings.
#4 Make a Careful Switch
You may have to switch to another electricity provider while moving to a new location. You may also decide to get a higher feed-in tariff. The state has no mandatory minimum tariff rates. Therefore, you must make an informed decision during the switch. Get assistance from experts to gather relevant information before you decide. Analyse all available plans and ensure there are no hidden costs in the plan.
#5 Proper Installation of Solar Panels
Eligibility for feed-in tariff depends on state requirements. The conditions generally include energy source, size, and location of the solar panels. Ensure proper installation of solar panels for optimal energy production and higher feed-in tariff. Invest in a robust solar system to enjoy more significant benefits for many years.
