Solar Buyback Scheme

The solar buyback scheme.

Solar buyback scheme. Mcgowan government announces new distributed energy buyback scheme debs eligible homes with batteries electric vehicles rooftop solar to be offered payments buyback payments will be higher at certain times compared to previous scheme energy minister bill johnston today launched the distributed. Under the new distributed energy buyback scheme debs any solar electricity exported after november 6 between 15 00 and 21 00 will earn ten cents kwh and electricity exported at all other times will earn three cents kwh. We feel these are useful for some but not all of those businesses as many won t be able to take advantage of the tax incentives. The government has released a number of stimulus packages for australian businesses during these uncertain times.

The higher payment period reflects the time of day when demand is highest and so rewards those exporting their solar. If you are installing a new system or upgrading your existing system then you or your solar installer need to apply to your retailer synergy or horizon power for the buyback rate via the retailer s website. With that in mind smart commercial solar smart have designed an offer. This is possible via our partner who has the financial backing to pay you a lump sum for your feed in tariff.

One proud solar owner told me he d been contacted by such a company who wanted to buy his feed in tariff contract for a measly couple of grand under what they called a solar buyback scheme. The renewable energy buyback scheme was superseded by debs for new solar installations or system upgrades from 8 september 2020. If you re thinking of getting free solar panels or have been offered a lump sum in exchange for your feed in tariff then keep reading. Solar buyback scheme the solar buyback scheme is a way for customers who own their own solar system to cash in early on the whole feed in tariff.