Since the installation prices of solar energy systems are high, which are acting as a barrier and preventing people from going ahead with the same, several governments offer solar rebates to households and small businesses that want to invest in renewable energy systems. Some parts of the world have already initiated it but is there a solar rebate in Western Australia? Read further to know everything about the solar rebate Western Australia end date and who is eligible for this scheme.
Is there a Solar Rebate in Western Australia?
To answer the question is there a solar rebate in Western Australia, the answer is yes, and they have been explained here. The solar rebate in Western Australia is available as the Federal Government’s STCs. This solar rebate scheme subsidizes households and businesses with a generous amount. These subsidies are worth having because they reduce the cost of solar systems by as much as 30%.
What is Solar Rebate in Western Australia?
The solar rebates in Western Australia are awarded a national scheme which is known as the Small-scale Technology Certificates (STCs). STCs are cash incentives distributed to encourage people to opt for solar energy. These are tradable certificates that offer a discount on your solar panel system. The price of one STC ranges from $35 to $40. Based on the size of your solar system, you are awarded STCs, which are potential for power generation. The eligibility for your new solar energy system is based on its ability to offset carbon emissions over the next 8 years. You acquire the subsidy value by trading your STC with big polluters who are bound to purchase these clean energy certificates to offset their carbon emissions towards net zero.
Different incentives are offered to households and businesses. The government aid provided to households has drastically reduced the costs of solar devices. This has helped Australian households to opt for clean energy much more easily. The businesses are enjoying much higher incentives. A quicker payback period of as short as 3 years is also achieved. On top of these, the feed-in tariff is also offered. In this, the electricity retailer recompenses you for any extra solar power generated. This is exported to the grid and gets highlighted as a credit on your bill.
Household electricity credit that includes the payment of $400 is to be applied for your electricity. Distributed Energy Buyback Scheme (DEBS) is also a scheme, which during peak times offers higher paybacks. It simply means that the extra electricity that is not used and exported to the grid, can be later drawn when required. This will provide you with huge benefits.
Hence, this answers what are solar rebates in Western Australia and the incentives that come with them. Read further to know about solar rebate Perth.
Also Read: What are Solar Rebates QLD?
What are the Benefits of Solar Rebate in Perth?
Solar rebate in Perth offers homes up to 10% discount for the purchase and installation of the system. However, these solar rebates are only applicable to one household for one package. This means that you cannot get a solar rebate for a solar hot water system if you already got it for the PV system. The rebate is provided based on a $37 STC value like if you have a 2kW system, the amount you will receive will be around $1,110, which is equivalent to 30 STCs. The cost is bound to change based on the demand but will generally range from $34 to $40. Unfortunately, there are certain limitations to this scheme:
- There is no fixed value for STCs, and they continue to rise and fall based on their demand.
- The number of STCs that a particular consumer will receive is going to decrease every year.
- If your system exceeds 100kW, you will not be eligible for the rebate. In such cases, another type of rebate called the Large-Scale Renewable Energy Target (LRET) is offered, which is for commercial properties.
- There are even chances of this scheme ending soon because the Western Australian government is supporting the reduction or ultimate scrapping of these discounts.
Also Read: What are Solar Rebates in Victoria?
How Much is the Solar Rebate in Western Australia?
So now you know what is solar rebate Western Australia, ever wondered how much is the solar rebate in Western Australia? Well, the amount of solar rebate in Western Australia is dependent on the size of the system installed by you. The average amount of solar rebate is $2,633 which will be provided to you if you install a 6kWh solar panel system. This is also the most popular size of the panel in Western Australia. However, the subsidies start from $1,569 for a 3.7 kW solar system. The subsidies increase for solar power systems which are larger.
Also See: What are SRP Solar Incentives?
What is the Solar Rebate Western Australia End Date?
Now you know how much is the solar rebate in Western Australia. But do you know what is the solar rebate Western Australia end date? Well, according to the sources, the solar rebate in Western Australia will end on December 31, 2030. Until 2030, the rebate amount received by customers will reduce annually. This initiative was started in 2011 by the Australian government to encourage people to use solar energy. So, if you want to install the solar energy system, then the earlier, the better, to get higher rebates. The end of rebates, however, will not lead to a drastic rise in prices because the rate at which solar energy is adopted and installed is increasing day by day. The cost per kWh is also reducing. Better manufacturing techniques and more energy-dense technology are accompanying each other.
What is the Eligibility for Solar Rebate in Western Australia?
To enjoy solar rebates, you must fulfill the eligibility criteria. Read on to know more about who is eligible for the same.
- If you have not applied for a rebate in the past, then you become eligible for the same. It is so because the government offers one rebate per household.
- You should have a grid-connected system and not an off-grid one.
- Your system should not be more than 100kW.
- You must get the installation done by a highly qualified installer.
Also See: Can You Claim Solar Tax Credit Twice?
How to Choose the Correct Solar Installer in Western Australia?
It is important to choose the correct solar installer to avoid any inconveniences. Here is how you can do it:
- Before buying a solar installer, read carefully about the product and performance warranties offered.
- The installation warranty also plays a role in determining the quality of your solar installer.
- Read about the policies of the company along with their experience and reliability of whose solar installer you are thinking to choose.
- Before buying, ensure that the installers and systems are CEC-accredited and approved.
Solar rebate Western Australia is a win-win for all. These schemes provide protection while being profitable. With each passing day, the solar rebate in Western Australia is reaching closer to its end date, so take advantage of the rebates as soon as possible to have a better future.
Recommended: Leasing Solar Panels vs Buying: What is Better?
