As energy prices continue to increase, we are seeing a simultaneous increase in demand for energy in many forms. Debate surrounding the best type of energy is one of the most contentious political and economic issues of today, and there is no denying that now is the time for both individuals and the government to embrace renewable energy technology in the name of a brighter, greener future.
Assistance in the form of solar rebates and feed-in tariffs show promising growth in renewable energy industry, with many experts saying more needs to be done. Here is an outline of some incentives available when choosing to go solar.
Small-scale Renewable Energy Scheme
Thanks to the SRES or ‘solar rebate’, you can save hundreds upfront on a new solar power system.
The Small-scale Renewable Energy Scheme was implemented as a part of Australia’s Renewable Energy Target Plan (RET). The payment is often referred to as an upfront solar rebate, and was designed as a financial incentive for households, small business and community groups to install small-scale renewable energy systems, including solar PV systems of up to 100 kW.
Solar Feed-in Tariff
In addition to a solar rebate, did you know that you can be paid for excess electricity generated by your solar panels?
Once your grid connected solar panels are installed, any excess energy produced will be fed back into the grid and you will receive a credit on your account. This is measured by the new bidirectional power meter which is installed once your panels and inverter are in place. And if you produce more energy than you consume, you will be paid for it.
State Government solar panel rebates & incentives
There are a number of state-funded renewable energy schemes in place
These solar rebate schemes and financial incentives are designed to help homes and businesses reduce their electricity usage and therefore save money!
It is important to remember that solar rebates and incentives can vary from state to state and include grants, such as solar rebates for upgrading your water heating to solar hot water, free energy audits and assessments on your home or business. There are even grants for wireless energy monitors to help you monitor your hourly energy consumption.
