When seeking information on whether to install solar panels, many people mistakenly believe that the solar rebate and solar feed in tariff are the same thing, and therefore assume that the investment is not worth it.
The reality is that these are two separate elements that we recommend our customers consider when making the decision to install solar panels.
Installing a solar system in the Camden, Campbelltown, Picton and Wollondilly areas (or anywhere in Australia) is subsidised by a Federal Government Administered scheme known as Small-scale Technology Certificates (or STC’s). The rebate is usually applied as a point of sale discount to reduce the out of pocket upfront cost to home or business owners.
The criteria for claiming the rebate:
• Solar system size is less than 100kW
• Designed and installed by a Clean Energy Council accredited electrician
• Solar panels and inverters are approved by the Clean Energy Council
• Not replacing existing panels in an existing system
The rebate can be claimed as many times as the home or business owner would like and is not means-tested in any way.
This rebate reduces January 1st every year until 2031 when it will reach zero.
SOLAR FEED IN TARIFF
When your residential or commercial solar system generates more power than you are consuming at any time, the excess power is sent back to the grid for other people to use. The rate in which your excess power is purchased back from you is referred to as the solar feed in tariff.
Feed in tariffs were initially very high to encourage the take up of solar systems for homes and businesses, however these tariffs have reduced significantly over the past few years. It is because of this reduction of feed in tariffs that many people assume that solar is no longer worth the investment.
The important thing to remember is that although the solar feed in tariffs have reduced over the past five years, the solar rebate is still available and remains very generous to homes and business alike.