Solar panels are simple equipment, which is a crucial component in their popularity in the energy business. Due to their modular construction, solar panels can be employed in different types of projects. They have a longer service life than other power-producing systems and require less maintenance. On the other hand, solar power is a complicated business since numerous external variables affect the feasibility of photovoltaic systems. In principle, solar power is beneficial in areas with ample sunlight or expensive energy, and the RoI is significantly higher when both are present. Aside from the reductions in your energy costs and the excess power you could sell, solar rebates and incentives are available in Australia.
Different kinds of solar subsidies and incentives
Federal Government schemes
The federal government program is also referred to as a small-scale renewable energy program. Small-scale technology certificates earned for each kilowatt of panel installed in this program may be sold for around $30. Because the solar provider normally handles the procedure, you won’t have to bother about selling the small-scale technology certificates to electricity suppliers yourself. This program will only be accessible until 2030, and the price of STCs decreases by 7 per cent at the beginning of each year.
Solar rebates from the state government
Different solar incentives are available in each state of Australia. Here’s a breakdown of solar rebates by state and territory.
In the Hunter region, New South Wales launched its Empowering Homes Program. It is a program that will provide eligible New South Wales citizens with interest-free financing for solar battery systems. You must be the owner-occupier of your home with a yearly income of at least $180,000 to be eligible.
The Solar Homes Initiative in Victoria allows homes to get a reimbursement of at least $1,850 for the price of installing solar PV panels.
Retirees in the ACT can take advantage of solar rebates offered by the ACT Government. The rebate value is up to 50 per cent off a solar power system for qualified families. An interest-free loan with no deposit is also an option for repaying the outstanding costs over a three-year period.
Residents in South Australia can take advantage of the SAHBS. The South Australia Home Battery Scheme is offered to homeowners who already have solar PV systems and for people who want to add solar battery storage to their respective homes. It is a three-step subsidy with a maximum available amount of $3,000 for each battery installation. The amount that can be used through the South Australian home battery plan is broken down as follows:
• Energy concessionaire—$300 per kW
• $200 per kW for all other households
• Subsidy maximum per battery installation—$3,000
While these initiatives toward finding more sustainable alternatives to powerhouses are gaining traction, people who aren’t yet ready to make the whole transition to solar have alternative options. There are also energy providers who can help you with the shift.
Energy suppliers supply natural gas, electricity, and solar energy to customers at competitive costs in Australia. You can also check into responsible energy providers who advocate the usage of renewable generators such as wind, hydro, and solar. The transition to sustainability is required to halt climate change. It will be easier to make the changeover if you can locate solutions that provide flexibility, affordability, and sustainability all at the same time.