Government Incentives and Rebates
To encourage individuals and businesses to use renewable sources of energy, federal and state governments offer financial incentives. In simple terms if purchasing a solar PV system your system may be eligible for a one-off upfront financial incentive. The state government may also offer you a feed-in tariff, which is a regular payment for the electricity your produce. As the regulations may change and are often complicated, your SolarHub representative will explain this to you in your first consultation.
The financial incentive is provided in the form of Small-Scale Technology Certificates (STC’s) and you will be entitled to these certificates if:
- You are installing a solar photovoltaic system on your home or business
- The system complies with Australian standards and is certified by the Clean Energy Council
- An accredited CEC installer was used to install the system
Small-Scale Technology Certificates
You may be eligible for federal government financial incentive in the form of Small-Scale Technology Certificates (STC’s) if you decide to invest in Solar PV. STC’s are a commodity that are traded on the STC market and are deducted from the total system value when we provide you with a quote. Like the stock market, prices of STC’s constantly vary depending on factors such as supply and demand and this affects the prices of systems at different times of the year.
As a guide the following table will show you how much rebate you will get when you buy a system. This table assumes that you are eligible for the Solar Credits Scheme and assumes a STC price of $38.
|System Size||Number of STC’s||STC Price||Government Rebate|
The amount you are paid for your electricity is determined by a number of factors, including the state or territory you live in, your current utility company and electricity plan. During your first on-site consultation a SolarHub consultant will look at your most recent electricity bill to determine how much you can expect to be paid. The following table can be used as an initial guide:
|State||Utility Company offering highest rate||Residential Customer Rate||Business Customer Rate||Arrangement|
|ACT||ActewAGL||7.5c / kWhr||POA||Nett FIT (Wholesale rate)|
|NSW||Orgin Energy||6c / kWhr||POA||Nett FIT (Wholesale rate)|