Why Solar Energy is a Smart Investment

 The cost of electricity in Sydney continues to increase, making solar energy a preferable long-term solution. The NSW government is implementing several programs that encourage this, including HomesNSW upgrading social housing properties to include solar panels.

Solar system sizes are often measured in kilowatts (kW). A 6.6kW solar system can produce around 50 kW of power with ideal conditions.

Cost

Solar energy NSW is becoming more affordable than ever before, thanks to government rebates and a growing industry. On average, a residential solar system costs around AUD 3,000 to AUD 10,000 after rebates. This varies by state, depending on the size of the system and its quality.

Most home solar systems are eligible for a subsidy based on small-scale technology certificates (STCs). Your installer will apply the STCs on your behalf and offer this as a discount to your system installation cost. This subsidy will continue until 2030.

Large-scale solar farms in NSW are usually approved by local councils and community groups, but they also require extensive environmental impact assessments. These must include a detailed investigation of potential impacts, including those on land and sea. The EIS must also contain mitigation measures to limit any potential effects on local wildlife and landscapes. This process generally includes consultation with local communities, including Aboriginal and Torres Strait Islander people.

Energy independence

With rising electricity prices and generous government rebates, solar power is a smart investment. A well-designed system can reduce or eliminate reliance on the grid, saving thousands in electricity costs over its lifetime. Moreover, it boosts property value, attracting more homebuyers to the area. Considering that many social housing tenants are interested in environmental sustainability, this is an excellent opportunity for them.

Using solar energy to produce power in the home is simple, with the panels capturing sunlight and an inverter converting it into electricity for use or exporting it to the grid. Depending on the conditions, a system can generate up to 6.6kW of electricity per hour.

For businesses, solar systems can be tax-deductible. In addition, they are considered depreciable assets and may be eligible for input tax credits. Additionally, these systems can lower operational expenses and help reduce carbon emissions. These advantages make them a great choice for businesses. The only downside is that they require a long term commitment.

Environmental benefits

Solar energy systems convert sunlight into electricity, which can be used to power household appliances and reduce monthly utility bills. Solar system sizes are measured in kilowatts (kW), which reflects the amount of peak power the system can produce under ideal conditions.

Using solar panels can help to reduce carbon emissions, which contribute to global warming. Solar power also does not require fossil fuels, which are extracted in destructive mining practices and can disrupt ecosystems.

Homeowners can take advantage of government incentives and rebate programs to reduce the initial cost of solar energy in NSW. These schemes include the Small-scale Renewable Energy Scheme and state-specific rebates. In addition, homeowners can install batteries and participate in the grid to sell excess electricity.

It is important to consider the quality of solar products, installer reputation, roof condition and potential changes in policy when making a decision to invest in a solar energy system. Implementing energy-efficient appliances and practices can further enhance financial savings.

Increased property value

Many NSW homeowners are embracing solar energy to reduce their electricity bills. This is a positive trend and helps Australia move towards a cleaner environment. In addition, adding a solar battery to your system can help reduce your reliance on the grid and prevent power outages.

Property value has been shown to increase as a result of installing solar panels. A study by Origin found that 77% of respondents believe that a home with solar energy is worth more than a comparable property without solar. A more recent study from 2025 by Cotality found that homes with solar power sell for around 2.7 per cent more.

Large-scale solar development in NSW requires an Environmental Impact Statement (EIS). Potential impacts are assessed in consultation with local communities and landholders. The EIS must also include measures to minimise the impacts of the project on biodiversity. Additionally, a developer must consider the location of important agricultural lands such as Biophysical Strategic Agricultural Land and irrigated cropping land classes

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