REBATES
Start saving now for your family's future
Learn how the federal and state government is supporting the renewable energy and how you can take advantage of it.
Overview
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.
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.
Feed-In Tariffs
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
Eligibility Criteria:
The Solar Homes Program provides rebates of up to $1,400 towards the installation of solar panel (PV) systems. These rebates are offered to Victorians with existing homes, homes under construction, and rental properties. Eligible customers who have previously received a rebate and have moved house can apply. If your system is over ten years’ old you can also apply to replace or upgrade your system.
To further reduce installation costs, eligible Victorians can apply for an interest-free loan for an amount equivalent to their rebate amount. The loan is required to be repaid over four years or can be repaid sooner in one lump sum.
As a Victorian householder, you could receive a solar panel (PV) rebate if you meet the following criteria:
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you are the owner-occupier of an existing property or the owner of a home under construction where the system is to be installed
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the combined household taxable income of all owners is less than $210,000 per year
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the property is valued at under $3 million, or a home under construction that will be valued at under $3 million at the time of completion
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the property address has not previously received a solar panel (PV) rebate under the Solar Homes Program
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the property has not had a solar panel (PV) system installed in the last ten years*