One-third of NSW homes to get upfront payment for 10 years of solar rebate

The NSW Government has announced a new plan to help residents deal with soaring energy bills in homes as prices continue to skyrocket.

The state government is set to announce a plan to allow NSW residents to access 10 years of solar system payments upfront to help with the rising cost of energy.

One-third of NSW households who already receive a low-income energy rebate as part of their pensioner concession will be able to access the upfront payment of approximately of $2850 as part of this month’s budget.

If the households has access to gas, they will receive an additional $110 subsidy.

Around 1 million NSW residents will have access to the solar or white goods rebate to ease energy crisis. Picture: Supplied

“The NSW government is securing a brighter future for NSW families by helping boost the household budget, taking the pressure off families and small business, leaving more money in your pocket at the end of the week,” NSW Premier Dominic Perrottet said.

Installing a solar system could save households as much as $600 per year on the electricity bills, according to the state government.

People living in apartments where solar is not an option such as apartments can instead access $4000 in home appliance upgrades.

“These include energy-efficient fridges, dryers, airconditioners and hot water systems, and upgrades such as window shading and draught sealing valued at up to $4000,” NSW Treasurer Matt Kean said.

Installing a solar system could save households as much as $600 per year on the electricity bills, according to the NSW government. Picture: Supplied

Last month, the Australian Energy Regulator warned of spikes in household and small business bills across the country as price caps on retailers were set to rise.

From July 1, the caps will jump by 14 per cent, or $227, in NSW and 11 per cent, or $165, in Queensland.

The NSW Treasurer last month responded with an increase to the state’s Energy Accounts Payment Assistance program for households experiencing short-term financial hardship to a maximum of $1600 a year.