Government Rebates and Incentives
The State and Federal Governments now offer generous incentives to encourage property owners - residential and business, to switch to solar energy. These include;
Solar Credits - reducing the cost of your solar system
The Solar Credits Scheme replaced the $8,000 Solar Homes and Community Plan (SHCP). The key benefit is to reduce the purchase price of your Solar power system. In short, a solar system installed under the Solar Credits scheme will receive five times the number of RECs for the first 1.5 kW of the system capacity.
- The Solar Credits Scheme is NOT means tested – all income levels are eligible
- The program is open to home owners, businesses and community groups
- Primary and non-primary residence are eligible e.g investment properties, holidays homes etc
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Renewable Energy Certificates (RECs)
Renewable Energy Certificates (RECs) are an electronic form of currency representing blocks of energy from renewable sources. You are awarded RECs when you install a qualifying system such as solar hot water system or solar panels. Depending on your location and the system purchased you are entitled to a fixed number of RECs which will enable you to save a significant amount of money on your purchase.
Find out more about how RECs can reduce the cost of your solar system
Australian Solar Feed in Tariffs by State
Owners of solar power systems actually get paid for the energy they produce and feed into the grid! Feed in tariff's vary by state, the NSW tariff is by far the most generous.
Find information specific to your state here.
