Solar Rebates Perth
Solar power is becoming increasingly popular in Perth, with numerous financial incentives and savings available. Solar rebates are one of the most attractive options for those looking to reduce their energy costs and carbon footprint.
This article will provide an overview of solar rebates available in Perth. It will also cover Small-scale Technology Certificates (STCs) and Feed-in Tariffs. It will also discuss how much the solar rebates are worth, and how they vary depending on system size.
Solar Rebates WA
In Western Australia, a federal government rebate is available for solar PV installation. This rebate provides a reduction in the total price of the system. This solar rebate WA enables households and businesses to save on their upfront purchase price.
The rebate for a solar system is calculated using Small-Scale Technology Certificates (STCs). These certificates are assigned for a reduced cost on the system. STCs are generated when a solar photovoltaic (PV) system is installed and these certificates currently trade for around $38 each.
In addition to this solar rebate WA Perth also offers feed-in tariffs (FiT). Synergy makes FiT payments for excess electricity generated fed into the grid by a household’s solar system.
Small-scale technology certificates (STCs)
The Small-scale Renewable Energy Scheme provides financial incentives for the installation of renewable energy systems. Eligible recipients include households, schools and not-for-profit organizations in Australia.
Incentives for using solar energy come in the form of Small-scale Technology Certificates (STCs). For every Megawatt hour (MWh) of electricity that a solar system produces, an STC will be generated. This will continue until 2031. The number of STCs assigned to each system is based on its capacity and location.
Solar PV system purchasers who are eligible can sell Solar Transfer Certificates (STCs) to recover part of their cost. The current value of an STC is around $38. Alternatively, they can be assigned to a solar provider in exchange for an upfront discount off the price of the system installed.
In either case, STC’s reduce every year on 1 January until they are completely phased out in 2031. Government solar rebates can help subsidise households looking into installing solar panels or hot water systems.
Feed in tariffs
The Feed-in Tariff (FiT) scheme enables solar system owners to receive payments for the electricity their systems generate. This incentive is provided by Synergy, not the government. FiT rates are 2.5c per kWh up until 3PM and 10c per kWh thereafter. However they are not applicable to any solar system installed with an inverter larger than 5kW.
Solar rebates WA and feed-in tariffs have decreased drastically since 2008. This is because solar systems have become cheaper and more households are buying them.
How much are the solar rebates
Australia provides incentives and rebates for solar power systems. The amount of these benefits varies depending on the location. In Western Australia, a federal government rebate is available for solar PV installations, reducing the total price of the system. Other benefits include:
-Small-scale Technology Certificates (STCs) can be sold to recover a portion of the system cost. Currently, each STC is sold at around $38.
– Distributed Energy Buyback Scheme (DEBS) FiT rate of 10c per kWh for electricity exported to the grid between 3pm and 9pm, and 2.5c per kWh for electricity exported before 3pm;
Solar rebates by system size
Savings from offsetting daytime electricity bills are the biggest benefit of installing a solar system, and the amount of these savings depend on the size of the system.
Solar rebates are available in Western Australia for systems up to 100kW in capacity. The purchase price is reduced based on the number of Small-scale Technology Certificates (STCs) generated by the system. Find out how many STCs you would be eligible with the REC registry.
Here is a simple overview of the rebates per system size in Perth as of June 2023!
Solar power systems in Perth offer a great opportunity to reduce energy costs and cut down on carbon emissions. It is possible to get significant savings from investing in solar power. There are several financial incentives and rebates available, such as Small-scale Technology Certificates (STCs) and Distributed Energy Buyback Scheme (DEBS).
Investing in a solar power system can be a smart decision for those looking to save money while reducing their environmental impact.