Check your eligibility for Solar Rebates?

by Phоtоn Energysolutions Premium Quality Solar Panels in Harden, NSW

Solar power in Australia is an emerging industry. Over 2.15 million solar PV installations had a combined capacity of 12,959 MW in Australia. In 2019, 59 solar PV projects with a combined capacity of 2,881 MW were either under construction or just started. ranks second on a watt per capita basis with 459 watts per capita Victorian domestic households are approved eligible to receive a rebate for installing a solar photovoltaic system if they are the owner-occupier of the property. Let’s have a look on various schemes available for solar rebates and their criterias.

Rooftop solar potential

According to the Institute for Sustainable Futures, the School of Photovoltaic and Renewable Energy Engineering (SPREE) at the University of New South Wales (UNSW), Australia has the potential to install 179 GW of solar power on roofs across the nation. The study found that the combined annual output from rooftop solar could theoretically reach 245 TWh, more than the current annual grid consumption of just under 200 TWh per year.

POTENTIAL FOR ROOF TOP SOLAR (Australian Planning Zone Category)
Type of roof top solar PV	Potential GW
Residential	96.0
Rural / Primary production	33.9
Industrial / Utilities	19.0
Commercial / Business	9.3
Special use	6.7
Community use	3.9

Why solar PV System rebate is essential?

The solar power rebate is essential as a significant cost reduction of the PV (Photovoltaic) System encourage use of renewable energy. Government incentives in Australia are available for qualifying residential and commercial premises that install Solar Panels Systems. It provides pollution-free and noise-free energy on small and large scale.Grants are available to homeowners to help buy and install a solar photovoltaic (PV) system. A system of up to 2kW in size having 6 to 8 solar panels is suitable for most homes will cover the basic electricity needs.

These pv solar system rebates are making the use of solar energy very popular in Australia. Australia has the highest solar installations as 20 percent of homes have rooftop solar PV. Recent reports conclude to the point that about 2.15 million rooftops have solar power systems.

Price of Solar Installation after specific rebates

A good quality solar panel of 3kW will cost about $5000 to $8000 with fewer maintenance costs in a year. The solar electricity is cheaper than the utility grid power supply. The solar industry is quickly establishing independent energy market competitiveness, these subsidies are decreasing gradually such as Small-scale Renewable Energy Scheme is winding down over the next 12 years.According to Australian Tax Office Notice of Assessment the owners have a combined household taxable income of less than $180,000 per year and be the owner and occupier of the property, which must be valued at less than $3 million. The solar rebate varies respectively to the motive based on economic, logistical, ideological and political reasoning concerns.

Various Solar Rebate Schemes

The Small-scale Renewable Energy SchemeSTC’s scheme is the flagship Australian solar rebate program and the scheme will be in place until 2030. The rebate value is high at $35 per STC. Coupled with cheaper panel costs, the time is efficient for investing in solar PV systems.The STCs are officially created once an accredited Solar Installer has commissioned the system. The federal government focuses on incentives for both small and large PV solar systems under the Renewable Energy Target (RET).

Large-scale Generation Certificates (LGCs) are generated for commercial renewable energy generation systems over 100kW in the capacity of production accreditation. Large-scale generators provide a tradable unit of revenue stream for the operators and prices fluctuate with supply and demand.

Solar systems provide multiple benefits—to households, to the grid and large-scale industries. Promoting must be a desirable policy goal. Solar PV systems can offer reduced power bills for households and factories that may increase the gain as tariffs are likely to keep going up. They provide environmentally friendly with a cheap back-up supply of power.Innovative government policies or attention will surely assist in upgradation in the particular field of power generation and effective sustainable development.

There are various other schemes also for securing more rebates on pv solar installation in Australia which we will cover in our next article.

For more information, visit www.photonenergysolutions.com.au or call us at 1800 080 647 (Toll Free).