Understanding Solar Rebates and Incentives in Australia: A Comprehensive Guide
While solar energy could be seen as a significant investment, government-supported solar incentives are making this clean, renewable energy source more affordable for everyday Australians. If you’ve ever laid awake at night wondering about what rebates are available to lighten the load and your carbon footprint simultaneously, this is the article for you!
💰 The solar rebate explained
The Federal Government’s Small-scale Renewable Energy Scheme (SRES) encourages homeowners to install small-scale renewable energy systems through the issuance of Small-scale Technology Certificates (STCs). Homeowners are entitled to a certain number of these certificates, which can then be sold to recoup a portion of the cost of purchasing and installing a solar energy system.
(source: Clean Energy Regulator)
🧐 How does the solar rebate work?
The number of STCs a homeowner is eligible for depends on a variety of factors, including the size of the system being installed and the region where one lives. Each STC is equivalent to 1 megawatt-hour of renewable energy generation. The Federal Government has put a cap on the maximum number of STCs that can be claimed per system installation.
(source: Australian Government: Department of Industry, Science, Energy, and Resources)
💬 “Investing in solar energy not only reduces the homeowner’s electricity bill but also contributes to a greener environment. It’s a win-win situation.”
🗣️ – Energy Consumers Australia
⚡ State-level incentives
Apart from the federal SRES, several states also offer additional incentives to solar system owners. Here are a few:
- 💡 Victoria’s Solar Homes Program, which offers a rebate for eligible homeowners installing a solar PV system.(source: Solar Homes)
- 🔹 Queensland’s Solar Bonus Scheme provides feed-in tariffs for solar energy sent back to the grid.(source: Energy Queensland)
📊 How much can you potentially save?
The exact figure varies from one system and location to another, but according to a 2020 study by CSIRO, on average, Australian homeowners have reported saving approximately $540 per year on their electricity bills after installing a solar system with battery storage.(source: CSIRO)
🚀 Want to Maximise Your Savings?
At Supa Energy Hub, we help homeowners unlock every rebate and incentive available – while designing the perfect solar and battery solution for your needs 💪
📞 Call us today or send us a message to book your free savings assessment!