What Solar Rebates Am I Eligible For?
There is a good chance that you have seen advertisements recently promising great solar rebates in your area. A lot of the time these ‘rebates’ are referring to the STC’s. The Small-Scale Technology Certificates that were introduced in 2011. The STC’s are federal government financial incentives eligible to all small-scale solar systems installed in Australia. Your installer will more than likely claim the STC’s for you and quote you at the discounted rate.
How much are the STC’s?
The incentive that you will receive for your system will depend of the size of your system and where you live. The STC’s are calculated based on how many megawatts your system will produce over time. The STC price fluctuates with time and demand but is currently $37.50.[i]
Let’s look at an example: If you purchase a 6.6kW system today (remembering that the price fluctuates over time) and your property is located in Zone 1 you will be eligible for 109 STC’s. This means your incentive will be $4,087.50[ii]. You can calculate your STC’s here.
What other solar rebates are available?
Solar for Rentals Trial
There is currently one solar rebate available in Queensland. The Solar for Rentals scheme is currently in a trial phase and will end in June 2020. This rebate is eligible to landlords to install solar on their rental properties located in Townsville, Gladstone and Bundaberg. Landlords could be eligible for up to $3,500 in solar rebates for the installation of a solar system.
- The rental property must be located in Townsville City Council, Gladstone City Council or Bundaberg City Council
- The property must be currently rented
- The current rent must not exceed $350 per week
What’s in it for me?
- The current tenant must sign a new lease for a minimum of 12 months
- The landlord and tenant must agree on a fair rent increase
Solar Victoria Rebate
The Vic Solar rebate offers homeowners and landlords rebates up to $2,225 to install solar. Customers are also eligible for interest-free loans for the amount equivalent to the rebate, repaid over four years. The Vic Solar Rebate will run over two years and 126,832 rebates will be allocated. Not all rebates are immediately available, a few thousand rebates are released each month over the next two years. You can see how many rebates are released each month here.
- Must be the owner-occupier of the property
- The owners must have a combined household taxable income of less than $180,000 per year
- The property must be existing and be valued below $3 million
- The property must not have an existing solar system (unless installed prior to November 2009)
Origin Virtual Power Plant
Origin Energy have been awarded a $4.5 million grant under the Victorian Government’s Microgrid Demonstration initiative to develop a virtual power plant (VPP). This project uses technology to allow Origin to remotely link small energy resources like solar batteries into a web-based network. This means that Origin can offer highly-discounted solar batteries and control them remotely.
- 57% discount on a BYD solar battery
- 24-month interest-free payment options
- Everything installed, including compatible inverter
Australian Capital Territory
Solar for Low Income Households
The ACT Government is offering solar for low income earners. The Solar for Low Income Program offer eligible homeowners’ rebates of up to $2,500 to installer on their homes. You can find out how to apply here.
- Must hold an Australian Government Pensioner Concession Card
- Be a homeowner in the ACT
- Not already have rooftop solar installed
Actsmart Business Energy and Water Program
Small businesses in the ACT could be eligible for solar rebates up to $5,000 under the new Actsmart Business Energy and Water Program. To find out more information about this rebate click here.
- Business must be operating in the ACT
- Electricity bill must be no greater than $25,000 and/or
- Employ a maximum of 20 people
- Have a commercial premises (home businesses do not qualify)
SA’s Home Battery Scheme
South Australia’s Home Battery Scheme commenced in October 2018 and enables SA households to access $100 million in state government subsidies for solar PV batteries. The state government is also offering $100 million in loans to pay for the systems. This subsidy is available to all SA residents; however, energy concessions holders are eligible for a higher subsidy.
Under the battery scheme, energy concession holders are eligible for $600kWh and non-concession holders are eligible for $500kWh. The subsidy varies depending on the size of the battery storage system and is capped at $6,000. You can find out more information and how to apply here.
[ii] $37.50 x 109 STC’s = $4,087.50
Shonice is Horan & Bird’s Marketing Coordinator. She graduated from UQ with a Bachelor of Business Management, majoring in Marketing and has been a part of the H&B team for almost two years. When Shonice isn’t managing H&B’s Marketing, she enjoys being active or kicking back with a Margarita.