Rebates for Solar Power

There is still thousands of dollars of solar power rebates and incentives available.

Currently there is legislation and funding in place from both the State and Federal Governments to make solar power more affordable for all Australian home owners. The two different incentives are the REC/STC point of sale rebate, which dramatically brings the cost of your solar power system down making it more affordable, and in Queensland there is also the premium net feed in tariff.

REC/STC's (Renewable Energy Certificates/SmallScale tecnology Certificates) are equivalent to the amount of MW your solar power system will produce over the space of 15 years. Because this is Clean Green energy, the polluters - coal fired power stations have to buy these REC/STC's equivalent to what they emit in pollution!

When your solar power system is installed, your system is now generating clean electricity and the REC/STC's are created and are now available for sale on the REC/STC market.  The REC/STC point of sale discount is relative to the size of your solar power system. The larger your system, the larger your REC/STC point of sale discount will be (The more REC/STC's you will have).  We will sell your REC/STC's on your behalf to one of the polluters, who needs to buy these REC/STC's to offset their pollution.

There is also legislation in place which multiplies the number of REC/STC's your system has within the first 1.5kWs within your system.  Generating you more REC/STC's giving you more of a discount, the multiplier is currently set at 3 x, and will be pulled back to 2 x for systems installed after July 1 2012.  It will then be pulled back to 1 x for systems install on July 1 2013.  So the time to go Solar is NOW!  You will never get as good of an incentive as you will today.

The premium feed in tariff is a State Government legislation, requiring electricity providers to pay you a minimum of 44 cents per kWh of electricity that you send back to the grid, this is the electricity that your solar power system produces and which you don’t use. Some electricity retailers will pay you as high as 52 cents per kWh. When you are buying electricity from your electricity provider, you are paying around 20 cents for that electricity, so it pays to use the majority of your electricity outside of the peak hours of sunlight. This high feed in tariff has been legislated to last until 2028!

Please contact us today for further information

For further information on Solar Credits (REC/STC's) you can find it HERE

For further information on the Queensland Net Feed in tariff you can find it HERE
 

Federal Government Renewable Energy Target (RET).