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What is Solar Rebate and How to Claim It?

What is Solar Rebate and How to Claim It?

Australia receives more sunlight and has a mix of favourable conditions to support the choice to switch to solar power. The mostly sunny climate makes solar panels more productive and increases the savings per kilowatt-hour produced. Australia also has solar rebates that make solar panels affordable and easier to buy. The national solar rebate benefit applies for solar panels, solar water heaters and heat pump systems.

Australian Government Solar Rebate

Some Australians believe that the Australian solar rebate ended in 2019, but this isn’t true. The Government has lowered the rebate amount slightly, but it continues to run until 2030. Reduction in rebates is a normal part of the rebate plan and depends on the total energy output between the years in which the solar system starts operating and the end of 2030.

Small Scale Technology Certificate

A solar system gets a Small scale Technology Certificate for every 1,000 kilowatt-hours of estimated production. Large solar panel installation in Sydney and solar systems in sunny places get more STCs.

New South Wales Solar Rebate 2020

In addition to the Small-scale Renewable Energy Scheme, there are many other incentive options available at different states and territories. The New South Wales’ Empowering Homes program provides loans up to $14,000 for solar battery systems and up to $9,000 for adding batteries to existing solar PV systems. This benefit is available for households with an income of $180000 per year. Another incentive program on trials in New South Wales is aimed at Solar for Low Income Households, and it offering to give 3-kW solar systems to 3000 homes in specific areas of NSW. This program is available to most people except for holders of a Pensioner Concession Card or a Department of Veterans’ Affairs Gold Card.

Eligibility Criteria for Solar Rebate

  • The solar installation must be done 12 months before STCs are created.
  • Must meet Australian standards of solar panel installation and any local requirement at the state, territory, or municipal level.
  • Use solar panels approved by the Clean Energy Council
  • The maximum installation capacity must be 100kW, and annual production must be less than 250000 kWh.
  • Solar panel installation must be done by a Clean Energy Council accredited solar contractor.

How to Claim Solar Rebate?

Depending on the program, the requirements for a solar rebate in Australia vary, and you must get approval for your solar system before beginning the installation process. You can find the installation and documentation requirements from the Australian Clean Energy Regulator to earn STCs. Depending on the STCs, you can choose between a registered agent or claim & sell on your own. However, you can claim a large rebate upfront when you choose a registered agent. When STCs are claimed and sold by the solar system owner, the financial benefit is spread between the year of installation and 2030.

Talk to our experts now to know more about solar rebates and solar panel installation cost in Sydney.

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