Currently, there are two schemes operating in NSW to help you install solar, updated Mar 2011.

The Federal Government Renewable Energy Target Scheme

Under this scheme, you are issued a Renewable Energy Certificates (REC) for each megawatt-hour (MWh) of solar electricity generated. These certificates are then traded on the REC market and typically bought by electricity retailers or intermediaries. You can choose to sells RECs yourself, or assign your RECs to Solar Technology and we will take care of it for you.

Currently a “solar credits” multiplier applies, a provision which multiplies by 5 times the number of RECs you receive for the first 1.5kW of system installed. This multiplier reduces over time so that there is more incentive to install systems earlier.

For more information please visit http://www.orer.gov.au/