New solar bonus scheme
Source: NSW Government
"Households in New South Wales will be able to pay off their investment in solar panels in about eight years under the terms of a revised NSW Solar Bonus Scheme.
Under the gross payment scheme, families will know up-front how much they will be paid for all the energy their solar panels produce. Households with the panels will be paid 60 cents per kilowatt hour and an average household system will generate annually about 2,500 kilowatt hours.
The scheme will have a cap on the size of home solar systems of 10 kilowatts. A system of that size would generate about 16,700 kilowatt hours and pay almost $10,000 a year.
The government says creating certainty in the feed-in tariff scheme is one way families can be encouraged to invest in solar technology and support the clean energy industry. The scheme is proposed to run for seven years"