NSW Ex Solar Bonus Scheme Homes See Sharp Bill Rise

Compare Gross Versus Net Metered ROI

Some NSW Solar Bonus Scheme homes are about to get a nasty POWER BILL SHOCK! As their first electricity bill of the year is due, since the closure of the NSW Solar Bonus Scheme. Where the majority of homes were getting 60 cents for every kW exported!

With Gross metering now gone and Net metering being applied, there is going to be a dramatic financial drop of revenue in the first quarter and thereafter for many of these households.

So for those of you whom want a quick heads up on what to expect, at Aussie Home Energy we have done the basic maths. Maths to help you see what financial return you can expect, when you are using more or less of your net metered solar power.

The concept of Net metering can be foreign to many people, when they are simply used to being paid for all solar power sent back to the grid. We hope this data table helps you realise with Net metering you need to use more of your solar power.

As an example the maths is based on excess solar power being sent back to the grid for ONLY 6 cents per kWh. And imported power costing 25 cents per kWh. No one will argue that from 60 cents to 6 cents is a large drop for power sent back to the grid.

Even if the householder was to use 100% of the net metered solar power [extremely unlikely for Mr. Average], then there is still going to be a 41.5% drop in solar investment return, when compared to the NSW Government's recent 60 cent Gross scheme.

If you were on the 20 cents per kW Gross FIT then the difference is not that bad. But for the 60 cent per kW Gross FIT households, there certainly will be plenty of 'Power Bill Shock' causing unwanted financial pain!

Not forgetting as the scheme has run for around six years most of these 60 cent householders will have forgotten, what a normal electricity bill is! As they have simply got used to the solar power credit added to each bill.

So to help you to get an idea of the financial return to expect when being Net metered, we have created a simple data table HERE.

Now that 41.5% gets a lot worse for those homes, where there is little use within the sunny hours of the day. Yes those of you out working with only the fridge / freezer on at home, plus a few other basic appliances such as phones, clock radios and AC control panels. Shockingly up to

90% LESS!

Now that is 90% less of any recent quarterly SBS 60 cent Gross return that you are used to gone. This 90% less is for those homes now sending 75% of the power back to the grid! Check the maths! Obviously different tariff rates will affect our maths, but hopefully you will get the picture!

So as we have being saying for years to anyone with Net metering

'USE IT OR LOSE IT!'

Now it is not all that bad if you can control your appliances, as this will allow you to use more of your solar power and offset imported power costs. And that is how you make money with a NET metered Solar System. Yes you make more by offsetting imported power costs!

There are a few appliances in many homes that can be programmed or simply controlled by a timer to use up some of that excess solar power.

Check out the maths of our GROSS VERSUS NET METERING MATHS

This blog post brought to you by Aussie Home Energy, a major player in the HOME ELECTRICITY SAVING SERVICE industry in Australia.

Getting Ready For The End Of The NSW Solar Bonus Scheme

No doubt you are aware the NSW Solar Bonus Scheme ends on the 31st December 2016. 

All NSW households receiving 60 / 20 cents for all power [Gross FIT] sent back to the grid, will need to act. You will have received notification of this fact via letter earlier in the year, from the Government.

Back in April we wrote a post explaining it would be in your favour, to look into any required meter / tariff changes, before the rush. 

We have just checked out the Department Of Industry Resources & Energy's website and found this very helpful page HERE. Detailing everything about what you need to know and do. Importantly as we said preferably before the event.

Remember as is common with Government Schemes bottlenecks can occur. It will pay you to be aware of your options. There could be shortages of meters or installers. 

Once you have you new electronic meter installed, we would further advise you to call us, so we can help you keep your eye on your import / export power. As the power on your roof will now be worth little to send back to the grid.

This blog post brought to you by Aussie Home Energy, a major player in the HOME ELECTRICITY SAVING SERVICE industry in Australia.

Get Ready For The End Of NSW Solar Bonus Scheme 30/12/16

130,000 Gross metered householders in NSW are about to switch to Net metering at the end of the year, when the NSW Solar Bonus Scheme finally comes to an end on 31/12/16. 

Meaning households receiving 60 / 20 cents per generated kW fed back to the grid, will have to make changes.

Some savvy householders are already researching their options and making any required adjustments.

Let us hope everyone does their homework well before the end of the scheme on the 31st December 2016. 

Everyone meaning distributors, retailers and householders, so as to reduce any unwanted bottlenecks from occurring. 

It will certainly pay to be at the front of the wave for meter changeover requests!

According to our research it looks like:

• NO NSW SBS Gross metered household [as from 1st January 2017] will receive a cent for exported power, unless they have made changes to their metering

Making changes prior to 31st December 2016 is going to be the best idea! Changes such as these found listed on our NET FIT METERING page.

This blog post brought to you by Aussie Home Energy, a major player in the HOME ELECTRICITY SAVING SERVICE industry in Australia

Moving House Reference The NSW Solar Bonus Scheme

NSW Solar Bonus Scheme

We have been getting a rising number of questions regarding the NSW Solar Bonus Scheme. A common question being:

"If I move out of my house, will the next occupant be eligible to receive the same scheme tariff?"

This is a good question, so let us take a look at the answer and see how it works.

Regardless of whether you received the 60 cent tariff or the 20 cent tariff, the new account holder will be eligible to receive the 20 cent tariff, subject to them meeting the eligibility requirements. The only exception to this is if you were a 60 cent tariff recipient and the new occupant can demonstrate that they were in a 'domestic relationship' with you, then they will be eligible to receive the 60 cent tariff.

Once the premises has moved to the 20 cent Scheme tariff, it can not return to the 60 cent Scheme tariff even if the original account holder takes back the account.

For more answers to questions regarding the NSW Solar Bonus Scheme, visit the NSW RESOURCE & ENERGY website.

This blog post and podcast brought to you by Aussie Home Energy, a major player in the HOME ELECTRICITY REDUCTION SERVICE industry in Australia.

What Happens When The NSW Solar Bonus Scheme Ends

NSW Solar Bonus Scheme Ends 2016

You may be asking yourself what is going to happen when the NSW Solar Bonus Scheme [Gross FIT 60 & 20 cent] comes to an end in December 2016? 

From a recent conversation with a NSW electricity distributor, it appears a decision has been made on the policy of the matter.

“A distributor supplies meters at no charge, the only costs involved are those charged by the Accredited Service Provider [ASP] installing the meter.”

“When an ASP replaces a gross meter with a new net meter, the old gross meter is returned to the distributor where it can be either kept in store as a gross meter or reprogrammed when possible to a net meter.”

“As meters are supplied at no charge by the distributor, there is no buy back for their return. Before or at the end of the NSW Solar Bonus Scheme the householder simply needs to arrange for an ASP to rewire the solar inverter from the gross meter, to the export register of the net meter.”

Where a householder has a NSW SBS gross meter and also a net metered system, then the solar inverter connected to the gross meter is simply rewired and added to the existing net metered system. 

Visit our page on NET FIT METERING & BILLING for an insight into net metering.

This blog post and podcast brought to you by Aussie Home Energy, a major player in the HOME ELECTRICITY REDUCTION SERVICE industry in Australia.