Solar panel rebates – how you can save money on the cost of your solar panel system with the Govt Rebate Scheme – Small Scale Technology Certificates (STC’s).
The rebate currently contributes to about 30% of the overall cost of a solar panel system – this is like an up-front discount when you purchase a solar system for your home or business.
If you would prefer to read a transcript please see below the video.
A lot of people aren’t aware that there’s still a sizable rebate available when you buy a solar panel system in Australia.
In fact, the rebate currently contributes to about 30% of the overall cost of a system. Think of this as an up-front discount when you purchase a solar panel system for your home or business.
Today, I thought I’d run through a few things with you that you may not be aware of when it comes to the rebate scheme:
- As part of the government rebate, STCs (or Small-Scale Technology Certificates) are created.
- The number of certificates is calculated based on where and when the system is installed and the size of the system. The bigger the system, the bigger the rebate. You can get the STC rebate for any residential or commercial solar panel system under 100kW.
- The number of these certificates reduces every year – until in 2030, the scheme will come to an end. This phase out is designed to encourage you to install a system sooner rather than later.
- So, you have to have your system fully installed by the end of the calendar year in order to take advantage of the current number of certificates on offer.
- And then, there’s the value of the certificates. This fluctuates, depending on supply and demand. Think of STCs as being a renewable energy currency; much like shares on the stock market.
- On the day of installation, you’ll be asked by your installer to sign a form which assigns the rebate to the installer. By doing this, you only have to pay the out-of-pocket cost.
If you’re ready to start saving and you like the idea of the Federal government kicking the tin to the tune of 30%, then get in touch and we’ll guide you on what your out-of-pocket costs are and the best solar panel system for your needs.
