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What You Need to Know About Solar Panel Rebates?

Leca

April 1, 2021

5 Mins read

One of the great things about installing solar panels is the awesome financial incentives you can get.
The main one is the solar panel rebate available through the federal government. Strictly speaking it isn’t really a rebate on solar – but more of a subsidy to reduce what you pay for your system.

How It Works

The subsidy doesn’t come directly from the government but is based on
STCs or ‘small-scale technology certificates’ – a type of renewable energy certificate
issued by government. These certificates are bought and sold on the energy market
and change in value depending on demand and supply.

When you install solar, you become a ‘renewable energy generator’ and are entitled to
a certain number of STCs. How many depends on your system size, the year of
installation and the location – as a region that can generate more solar power means
more certificates.

Your retailer or installer sells your certificates on the market for you and deducts their value from the cost of your system – in effect giving you a substantial discount.

Electricity consumption

How To Qualify

To qualify for the subsidy, your solar panels must be approved by the Clean Energy
Council (CEC), and the system designed and installed by a CEC-accredited
professional.

The subsidy also only applies to systems up to 100 kW in size. However, you can use it for multiple properties – which could be great if you have a holiday home or you are a landlord.

Is It Being Scrapped?

There is often talk that it is about to be scrapped, but this isn’t correct.
It is being gradually phased out up to the end of 2030 though, by reducing the level of
subsidy you can get each year up until then.

However, the cost of solar panels is also reducing.

Roof Orientation
Roof Orientation

Are There Any Other Solar Rebates Available?

– Victoria – solar rebates of up to $1,850.
– NSW – interest free loan up to $14,000 for Battery Storage and Solar PVfree 3kW
systems for some low income households.
– SA – Up to $3,000 subsidy for battery storage. The ACT – 50% subsidies for low
income households capped at $2,500.

How To Claim Solar Panel Rebates.

You don’t need to do anything to claim the STC discount, other than use a reputable
Solar PV Retailer installer who will claim it on your behalf.
You will however need to apply through your state or territory government for any
state-based subsidies.

Need Help?

To find out more on our solar installations, please contact us for an obligation free consultation.

Schedule a free expert consultation

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