Solar rebates are designed to make solar power more accessible and affordable for residents and businesses. By reducing the upfront cost of installing solar systems, these rebates encourage the adoption of clean energy, contributing to environmental preservation and energy savings.
In QLD, solar rebates are available through two schemes: Small-scale Technology Certificates (STCs) and the QLD Feed-In Tariff. Both play a significant role in making solar more feasible for a broader audience.
STCs are a federal solar rebate initiative under the Renewable Energy Act. They represent a monetary value and are a form of upfront discount for those installing new solar panels.
The QLD Feed-In Tariff rewards solar system owners for any excess electricity exported back to the electricity grid. It's a key incentive for those considering a solar power system as a sustainable energy source.
Small-scale Technology Certificates (STCs) are designed to incentivise the installation of solar PV systems. By providing financial relief on the initial installation costs, STCs significantly lower the barrier to adopting solar power. STCs are offered as part of the Australian Government’s Renewable Energy Target, reflecting a commitment to increase the nation's use of renewable energy.
The calculation of STCs is a comprehensive process that considers multiple factors:
STC eligibility is determined by several criteria:
The number of STCs you are entitled to is influenced by:
STCs are an integral part of the Renewable Energy Target (RET) scheme, which is scheduled to continue until 2030. This means the STC program will be available for solar installations until this date.
Feed-in tariffs are designed to provide a financial incentive for solar owners by compensating them for any excess electricity their system produces and feeds back into the grid. This not only helps in reducing the electricity bills of the solar system owners but also promotes the generation of renewable energy.
The process of solar feed-in tariffs operates as follows:
Surplus Energy: When your solar panels produce more electricity than what is consumed by your household or business, this surplus energy is automatically fed back into the public grid.
Compensation Rate: As a reward for this contribution to the grid, your electricity retailer pays you a feed-in tariff, a specific rate for each kilowatt-hour of electricity that your system exports. This rate can vary depending on your electricity retailer and the terms of your contract.
In regional QLD, the specifics of the feed-in tariff can differ significantly from those in South East Queensland due to the diverse nature of electricity markets and policies in different regions of the state.
The feed-in tariff rate in regional QLD is influenced by a range of factors, including the local energy demand and supply dynamics, regional electricity retailer policies and specific regional energy initiatives.
Eligibility for the QLD Feed-In Tariff involves several conditions:
STCs and feed-in tariffs are both available to QLD home and business owners and offer compelling reasons to consider solar power.
Here at JL Electrical Solutions, we install, repair, maintain and clean solar panels and can help you take advantage of the relevant solar rebates. Utilising the available rebates and our expertise will help you maximise your energy savings and make a significant contribution towards a greener future.
For more information on the QLD solar rebate, give us a
call today.
Written By Josh Lys
Since 2015, Josh has helped Gold Coast locals with their residential, commercial and industrial electrical needs. From installing power points to cleaning air conditioners and helping customers harness the benefits of solar, Josh has extensive experience installing, repairing and maintaining even the most complex electrical systems and is fully licensed and insured.
Don't let a minor electrical issue become major. Call Josh today!
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