The date for the install of our grid connect 1.5KW solar system has been set for the 19th of March. That's just 4 weeks from tomorrow! We have also been accepted into the NSW Small Scale Generation Scheme which will pay us 60 cents per KWH generated plus Country Energy will pay us an additional 0.812 cents per KWH for transmission costs avoided. We will be paid 60.812 cents for every KWH we generate and buy it back at 19.62 cents. So the result for us will be if my calculations are correct a positive cash flow from the system from day 1. See this calculator link to work out your potential savings. Their calculations confirm what I had previously calculated using my own spreadsheet.
Once the system is installed and we receive our first invoice we will report on the actual savings and projected payback time.
Now is the time to go solar or wind powered grid connect before the scheme is fully subscribed.
Country Energy has provide a useful FAQ about the NSW scheme.
