Solar Farming
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New England Solar Farming Project
Solar Farming describes the collection of sun to create electricity and heat water.
There are now substantial financial incentives to go solar, especially for small businesses and farmers
putting in large solar systems.
New Solar Power Incentives
Since the Solar Power rebate closure, a range of new Australian Govt initiatives have dramatically improved the financial returns on Solar Power. For NSW especially, the combination of these initiatives and the new Solar Bonus scheme means annual returns are predicted to be between 15-20%.
Benefits of New Incentives
- Huge up front savings, especially for ABN Holders
- Large systems are now an attractive investment
- Significant financial returns and electricity savings
Your solar payback and ongoing returns will depend on whether you use electricity for the purposes of running a home or your business. The New England Solar Farming initiative aims to provide information and a standard discount on all systems. System sizes will be dependent on the potential capacity of each site.
Residential Electricity Customers
System sizes are limited to 10kW per billed powered site for the Solar Bonus Scheme.
From January 2010 a Solar Bonus will be paid for power that is fed into the grid.
Interest free Green Loans of up to $10,000 facilitated by the Australian Government.
Small Business
System sizes are limited to 10kW per billed powered site for the Solar Bonus Scheme.
From January 2010 a Solar Bonus will be payed for power that is fed into the grid.
Commercial
Commercial locations are not eligible to receive the Solar Bonus Scheme and rates and returns paid to commercial and large business users are generally less than 1/10th of those paid under the new schemes for small business. These systems are not generally financially viable at this point in time.
About the Solar New England Project
The Solar New England Region Project utilised the Solar Homes and Communities rebate to install over 130 small solar power systems in the New England. This project has successfully proven the viability of power production from the sun across the New England Region, and the highest estimations of power production by a solar power installation are being surpassed.
