What is Solar Credit Discount and how can you avail it?

by Austin Baines Content Writer

Most people in Australia can afford to buy solar panels in order to get rid of increased energy prices, even though they can afford electricity bills as well. But the middle-class community was still deprived of this facility for which the federal government announced solar credit discounts or solar rebate schemes to help everyone install the solar system.

The SCD isn’t for commercial purposes, nor holiday homes can avail of it. The scheme works in a way that people will be buying the panels at a discounted price rather than paying the whole amount first and getting a part of it later in return. The value of this rebate may not be the same in each Australian state, nor it’d be the same for all residential solar installation.

Let’s see how the REC multiplier works in this regard:

REC Multiplier’s Working

This multiplier applies to any REC made by small solar, hydro, and wind units for generating power. Renewable Energy Target was a project started by the Australian government long ago to help people earn some credits and discounts when they plan to buy best solar panels. The multiplier means any system above 1.5kW will earn rewards in multiples of 1.5. So, you need to choose the system carefully based on the REC price.

The lowest REC price to have ever measured was $12. For that reason, most professionals recommend taking a look at this price in order to avail the opportunity to its full.

How important is it to contact a retailer to avail Solar Credit Discount?

Not like you just go out to buy solar panels, bring them home and start mounting them on your roof without taking a look at any factor. Rather, you just need to contact a retailer in this regard. They will let you know what size of the solar system will be perfect to meet your household energy requirements and where to mount the panels in your home. The installation will also be done by them.

The government pays for the panels (in terms of discount) before time to these retailers. So, you’ll be having the solar system and its installation at a discounted price. Just choose the retailer carefully before investing thousands of dollars to have this unique technology at home and to get rid of electricity bills. This will surely help you in the long run.

Conclusion

REC market needs to be understood by the retailer as well as the consumer before choosing the size of the solar system as well as the installation of it. Also, the choice of retailer plays a vital role in deciding how good the installation is going to be and how much discount you are going to get with the help of it. So, take each step carefully and make the best out of it.

Want to talk to Australia’s most trusted Solar retailer?

At AusPac Solar, we think it’s important to provide our customers with the highest quality solar installations and electrical work that come with the promise of ongoing servicing and maintenance support.

If you would like to discuss any of the points above or you are just wanting to engage with a genuine, customer-focused solar company that will deliver a solar installation at a fair and reasonable price, give our friendly team a call on 1300 197 237 or contact us here and one of our solar experts will be in touch.