There are two main ways that you can recoup some of the money that you have spent on setting up and maintaining your solar panels and battery system – government solar rebates and feed-in tariffs. Rebates vary by state, and will contribute to the cost of purchasing and setting up your system. Feed-in tariffs come into play once your solar panel system is set up, and allow you to make money by selling electricity back to the grid.
To be eligible for the rebates and tariffs below, you need to make sure that you get your solar panels from a Clean Energy Council Approved retailer (like RA Energy)!
Unfortunately, Queensland no longer offers interest-free loans for solar and battery storage. Don’t worry though, because there is still the national Small-scale Renewable Energy Scheme (SRES). This initiative is designed to incentivise individuals and businesses to install small-scale renewable energy systems like solar power in their homes or business premises. This rebate works in the form of small-scale technology certificates (STCs), which are like discount vouchers. The larger your system and the more sun it gets, the more STCs you can get. This means that if you choose a bigger system, like a 6kW or 6.6kW model, you will get more STCs!
Make sure to remember that STCs need to be created within 12 months of your solar panel installation. You can assign your STCs to your solar retailer or installer, who will give you a benefit (like a discount) in exchange for the right to create and sell the certificates you have earned. Most solar suppliers will buy your certificates by giving you an upfront discount.
The SRES is set to expire in 2030 – so if you want to get solar, there’s no point in waiting.
A feed-in tariff is a payment that you will get for any excess electricity that you generate and sell back to the grid. Unless you have a solar battery, any solar that you generate must be used immediately or it will feed into the share electricity grid so that others can use it. For each kilowatt-hour (kWh) of electricity that you export, you will receive a feed-in tariff of approximately 7 to 16 cents. You don’t get these tariffs in the form of cash in hand – they are deducted from your electricity bill. Electricity retailers offer different feed-in tariff rates, so make sure that you shop around to get the best rate you can!
Now That You Know About Solar Rebates, How Do You Get Started with Solar Power?
Getting started with solar power can seem like an overwhelming process. But we like to make it simple, which is why we created our blog post ‘How to Get the Best Solar in Australia in 2020’. We have also provided some simple ‘getting started’ steps below:
Do some research on solar power and brush up your general solar knowledge! This will ensure that you can get the best system for your needs. If you need a place to start, the Clean Energy Council has a great guide here. This guide will inform you about solar power systems, costs, installation, subsidies and more.
Call your electricity provider, and have a chat about how you getting solar will affect your current electricity arrangement. You should also ask for their feed-in tariff rates (i.e. how much they will pay you for the excess energy you export back to the grid once your solar system is up and running).
Choose a solar retailer and installer! We recommend that you shop around and talk with some different solar retailers before making a decision. Get some quotes, and then compare them. Make sure that they are Clean Energy Council Approved, so you can get all the solar rebates you’re eligible for.
Get your solar retailer to help you find the best solar system for your needs and budget. You should also undertake independent research, so you can rest assured that you will get a high-quality system.
If you are planning to get a larger system (like a 6 or 6.6 kW system), make sure to check the requirements of your local council. You should also contact your insurance provider and make sure that your plan includes solar power coverage! Finally, if you are renting or own an apartment, make sure that you double-check with your landlord/body corporate before you have the system installed.
The exciting part! Once you have chosen your ideal system, it’s time to have it installed! Always choose a reputable installer with great reviews and proof of their installations (ask to see their installation portfolio if you can’t find it on their website).
RA Energy Solar Installation
At RA Energy, we provide professional and reliable solar panel installation throughout South East Queensland, in places including the Sunshine Coast, Gold Coast, Brisbane and Toowoomba. We have 20 years of experience in installing high-quality solar panels for residential and commercial needs. From family homes through to large-scale commercial solar power stations, we have all your solar power needs covered!
We pride ourselves on fantastic customer service, and our friendly staff will help you at every step of the solar power process. If you’d like to find out more about solar rebates or get started with solar power, just give us a call! You will be joining thousands of other Australians who are currently benefiting from solar power, and contributing to a brighter future for Australia.