Did you know that the Australian government will actually pay you to use solar energy? That's right! Through a number of different benefits and incentives, homeowners who shifted to using solar power installation can receive thousands of dollars in payments from the government over the lifetime of their system. In this blog post, we will discuss these benefits and incentives in detail. So if you are interested in going solar, keep reading!
What are the common government incentives for solar energy use?
There are a few different incentives offered by the Australian government for solar energy use. The first is the Solar Credit Scheme, which offers a financial incentive for installing a solar system. Under this scheme, you can claim a rebate of up to $600 per kilowatt (kW) of installed solar capacity. This means that if you install a sizable solar energy installation, you'll be able to get a big chunk of your investment back.
The next incentive is the Renewable Energy Target (RET), which requires that 20% of Australia's electricity come from renewable sources by 2020. By encouraging Australians to install solar alternatives, they can both enjoy the incentives of government and the benefits of using solar energy.
How to avail the benefits of solar energy incentives?
If you want to make the most of your investment, it's important that you do everything in your power to ensure that you get a good return on it. To take advantage of these benefits and incentives, here are some tips:
Australian Government Rebates on Solar Energy
In Australia, the government offers a number of rebates and incentives for homeowners who install solar panels on their homes. These incentives are in the form of cashback or tax breaks and can amount to thousands of dollars. The most common type of rebate is the feed-in tariff (FIT), which pays you for every kilowatt-hour (kWh).
Get Small-scale technology certificates for solar use
Small-scale technology certificates (STCs) are rebates and incentives given to homeowners who install solar energy systems in their homes. These certificates can be traded on the open market, thus allowing you to take advantage of additional cashflow opportunities. For example, if your home uses 1000kWh per day, then this equates to 300 STCs per year.
You can find out how many STCs your solar panel installation will earn by using the Solar Choice calculator. Simply enter in your postcode and the size of the system you’re looking to install, and it will give you an estimate of how many certificates you could earn over the lifetime of your system.
Conclusion
Government incentives can help Australian homeowners decide to shift to solar power installation, and the benefits of this are many. Not only will you be doing your part in helping to reduce greenhouse gas emissions and reliance on fossil fuels, but you could also see some healthy financial returns through the sale of STCs. So what are you waiting for? Get started with solar panel installation today.
