Solar rebates, Small-scale Technology Certificates (STCs), feed-in tariffs (FiTs) and solar battery schemes in South Australia 2019
To encourage clean and renewable energy in Australia, Federal Government started solar rebates and schemes to establish affordable solar products for Australians and also solar industry.
Are you Looking to install or upgrade your current solar system, this article will help you to know about solar rebates and incentives in South Australia.
The main incentives discussed in this article are Small-scale Technology Certificates (STCs), feed-in tariffs (FiTs) and solar battery schemes in South Australia
Small-scale technology certificates in South Australia
The Federal Government subsidy scheme also known as Small-scale Renewable Energy Scheme (SRES). Small businesses and Individuals are eligible to install small-scale renewable energy systems (under 100kW). Small-scale Technology Certificates scheme are a form of rebate on the upfront cost of your Pv system. when you purchase solar panels, you will receive a number of certificates depends upon the size and expected output of your solar systems over its expected life. The amount of STC’s you receive for your solar system and the worth of STC’s at the time will determine the subsidy for your system.
Depending upon ‘zone’ Small-scale Technology certificate numbers varies.
Most of South Australians, including Adelaide comes under Zone 3. Few South Australians reside in Zone 4 will receive few certificates while few fall into zone 2 will receive more for their installation. The Daigram below explains you clearly/
How much is the Federal Government Subsidy worth in 2019?
The current Small Technology Certificate (STC) rate is bouncing around $36, which accumulates to $2,900 – $4,176 of subsidies for a 5kW-7kW Solar PV System. The STC value raise and fall depending on market demand and the number of STc’s you claim decrease each year until 2030 when the scheme is scheduled to end.
NOTE: Most solar providers and installers advertise their systems inclusive of the SRES subsidy.
How to claim your STC solar rebate?
Looking to install solar panels with your STC Rebate? Don’t worry claiming solar rebate is easy now, we take care of all the formalities for you. you will receive a rebate after installation but most solar companies makes your system more affordable, your rebate is applied as a discount off the cost price for you and reducing your upfront cost too. To do this, Contact your solar installer and provide your details to claim this rebate on your behalf for your system to receive rebate upfront. A Feed-in Tariff (FIT) is different from the SRES Rebate. FIT is a rebate you receive for the excess energy your Pv system generates that gets transferred to the grid.
Feed-in Tariffs in SA
You solar system generates more electricity and it is not utilized by you, in this case the excess power is transferred onto the shared energy network or Grid. In return, you will receive ‘feed-in tariff’ – a rebate of around 10 to 20 cents for each kWh of electricity tranferred. feed-in tariffs not only lower your bills in addition you recover the cost of your panels sooner.
Home Battery Scheme in SA
The Home Battery Scheme was launched in 2018. Households in South Australia can claim this subsidy upto 50% on the purchase of a home battery storage system as an additional component to their current or new solar Pv System capped at $5,000. Most South Australians will have access to the Home Battery scheme. Standard households will receive $500 per kWh of battery storage, while energy concession households will receive $600 per kWh, up to a maximum of $6,000 per battery.
Eligibility :
- Only one subsidy per property
- Residential properties are eligible
- Approved eligible battery system to be installed by a qualified system providers
- The applicant must be the owner of the property or do have permission from the owner to install a battery system
