In an attempt to promote all the Australian households for solar, the government
provides rebates (in the form of STC's) which contributes to installing and running your solar panel system, depending on your location and which programs are available to you.
Additionally once the system is installed you can further avail concession by transferring the unused electricity generated from your solar panel system back to the grid and avail Feed-In Tariffs within your energy bills.
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Learn how the central and state government is supporting the cause and how you can take advantage of it.
STCs - Small-scale Technology Certificates
This is a federal government scheme offered to homeowners and small business owners who invest in a solar panel system of up-to 100kW. This solar financial incentive subsidises the upfront cost of installing a solar power system which makes it much easier for the homeowners to invest into solar.
The number of STCs you get is based on the amount of electricity the system creates or displaces, calculated in megawatts per hour which in turn depends on the installed system size as well as the location.
A feed-in tariff is the rate you are paid for any electricity generated by your rooftop solar system that is fed back into the grid. Feed-in tariffs are generally available for residential systems and do not necessarily extend to commercial customers.
However, in most cases, commercial customers should be able to negotiate a rate with their electricity retailer. Almost all feed-in tariffs offered now are 'net' feed-in tariffs. This means that the electricity produced by your solar panels will be used in your home first, and you will only be paid for excess electricity that is exported to the grid.
Victoria State Government Loan & Rebate
Victoria offers its homeowners and rented properties with Solar Homes Program through which you can apply and avail an upfront rebate of up to $1,400 for solar panel installation.
To further reduce installation costs, householders can additionally apply for an interest-free loan, for an amount of $1,400 (same as the rebate amount). The loan is required to be repaid over four years or can be repaid sooner in one lump sum.
Victorian households are eligible to receive a rebate for installing a solar PV system if they meet the following criteria:
They are the Homeowner of the property .
The owners have a combined household taxable income of less than $180,000 per year (based on last year’s Australian Tax Office Notice of Assessment)
The value of the existing property is under $ 3 Million.
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