With both sides of the government gearing up for the NSW March election, it’s no surprise that they are unveiling plans to sweeten the pot and stir up votes.
Early February is a good example, where both the Coalition and the Labor Party announced plans for more solar and battery rebates if elected into government.
First off the ranks was the Labor Party, which promised to continue the rollout of rooftop solar panels over the next 10 years to half a million homes, providing rebates of up to $2,200 per household.
This will mean that more than one million homes will be fitted with solar panels, adding 2GW to NSW’s grid by 2028, similar to the expectations of Victoria’s Labor government.
These rebates, however, will be restricted to owner-occupiers with a combined income of no more than $180,000.
They are expected to result in savings of between $600 and $1,000 per household on annual power bills.
The very next day, the Berejiklian government announced that if they are re-elected in March, they will provide interest-free loans for household solar and battery systems of up to $14,000, as well as rooftop solar panel loans of up to $9,000.
Their 10-year plan will result in the installation of solar battery storage in 300,000 homes, with the same income restrictions as those for the Labor Party.
With the continuing increase in electricity prices across NSW, both of these policies will provide welcome relief to homeowners.
Not only will they help households reduce their power bills, but they will also promote clean energy, renewables, and sustainability.
Whichever policy is enacted after the election in March, it will be good news for homeowners, NSW’s solar industry, and the climate.
For more information on installing solar rooftop panels and battery systems in your home, call Smart Energy Answers on 1300 948 619 or send us an email today.
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