Solar rebates and feed-in-tariffs in Australia have been extremely generous in the past few years and have dropped significantly since their initial introduction. While the good ol’ days of 50c feed in tariffs and x3 REC multipliers are gone, there are still some good government funding models out there to take advantage of.
What are solar rebates?
Solar rebates are a point-of-sale discount offered by businesses in exchange for renewable energy certificates (RECs or now STCs). The STCs hold a value and normally the solar installers will sell these in order to re-coup their losses for providing customers with a discount.
What is a feed-in-tariff?
A feed-in-tariff is a tariff agreement between a customer and their electricity provider which pays a certain amount of money for any energy which they generate themselves and send into the electricity grid.
What solar rebates are available in Australia?
Solar customers can still enjoy generous solar rebates on the purchase of a solar power system. Although the multiplier is only x1, generally you can get anything between 20% and 45% off a solar power system just from these rebates.
|System Size||Rebates Available (STCs)||Total Discount Value (Dec 2014 Typical – $36/STC)|
What solar feed-in-tariffs are available in Australia?
Customers can still get access to some pretty generous feed-in-tariffs in Australia.
|Retailer offer (still available)||Total Feed In Tariff|
There are of course other energy retailers available which may or may not offer a feed-in-tariff to customers, but these are the top 3 that we found.
Will Solar Rebates Be Around Forever?
There is no way to know how long solar rebates will be available. What we do know is that the current (Abbott) government has been trying hard to dismantle the Renewable Energy Target (RET). This would see solar rebates collapse (or at least devalue). So it’s likely that solar rebates won’t be around forever. Especially when you see the low cost of solar equipment today compared to 5 years ago. Use BSPQ to get your solar quotes today. Solar quotes can help you see exactly what’s on offer and whether it’s worth doing.
Solar rebates – resources
- Some (limited) information on solar rebates from Wikipedia
- Here is the Clean Energy Regulator’s web page on solar rebates
- Here is the Clean Energy Regulator’s solar rebate calculator
- The Australian REC Registry website on solar rebates