Find out how to leverage solar rebates in 2024. Government subsidies and incentives are a major opportunity to cut your home or business’s solar or battery system costs.
A government solar incentive or rebate is financial support aimed at encouraging investment in solar power systems by individuals, businesses, and organisations. These incentives, often in the form of tax credits, grants, or rebates, alleviate the initial solar panel installation costs.
Start Saving with 2024 Nationwide Solar Rebates
The Small-scale Renewable Energy Scheme (SRES) is an Australian Government program centred on tradable certificates known as small-scale technology certificates (STCs). Qualifying rooftop solar installations are granted STCs, which offer a subsidy to households and businesses adopting these renewable energy technologies.
The SRES is accessible to eligible households across Australia. The quantity of STCs you receive is determined by the anticipated electricity production of your solar system until 2030,
which hinges on factors including the system’s size (up to 100 kW) and the climate zone of installation.
Different states, territories, and certain local government areas offer subsidy programs aimed at assisting with the initial expenses associated with solar and battery installations. These incentives operate alongside Small-scale Technology Certificates (STCs).
What are STCs?
The calculation of these certificates is tied to the system’s projected renewable energy output. As per the Clean Energy Regulator, each certificate corresponds to one megawatt-hour of renewable electricity. Here is an example of how you could be saving with STCs:
Here’s what you could be saving with STCs: | |
Type of Small Generation Unit | Solar |
Rated Power Output (kW) | 10kW |
Period | Seven Years |
Installation Postcode | Townsville, 4814 |
Calculator Result | |
Number of STCs | 96 |
Savings Calculator Overtime | |
A 10kW small generation solar system in Townsville QLD, will produce 96 STCs over a 7-year period. Therefore, you can receive a $3,648 saving overtime. 96 x 38 = 3,648 Try the STC calculator, here. | |
State-by-State Solar Rebates:
Queensland Rebates
QLD Battery Booster Rebate
The Battery Booster Rebate gives Queenslanders the opportunity to receive up to $4,000 towards a home battery system. If you are eligible, the rebates will offset the upfront cost of purchasing and installing a home battery system with a new or existing solar PV system. The rebate will be open until the funding is exhausted.
Learn more about the Battery Booster Rebate program here.
Victoria Rebates
Solar Panel (PV) Rebate
The Solar Homes Program provides rebates of up to $1,400 towards the installation of solar panel (PV) systems. These rebates are offered to Victorians with existing homes, homes under construction, and rental properties.
Learn more about the VIC Solar panel Rebate Here.
Australian Capital Territory Rebates
Sustainable Household Scheme
Eligible homeowners in the ACT can borrow between $2,000 and $15,000 as part of an interest-free loan to pay for energy-efficient upgrades in their homes. Residents of the ACT must meet all eligibility criteria to receive grants.
Learn more about the ACT, Sustainable Household Scheme, Here.
Home Energy Support Program for Pensioners
The Home Energy Support Program provides up to $5,000 in rebates for eligible homeowners to help with the upfront costs of installing energy-efficient products. To be eligible for this rebate, you must be a resident of the ACT and hold a Concession card for Pensioners, Veterans, or a Government Health card.
Find out more Here.
Northern Territory Rebates
Solar Battery Install Rebate Program
The Home and Business Battery Scheme provides home and business owners in the NT with a rebate of $400 per kilowatt hour of useable battery system capacity, up to a maximum of $5,000, for the purchase and installation of a solar battery to either a new or existing solar panel system.
Find out more about the NT Home and Business battery scheme Here.
Western Australia Rebates and Schemes
Western Australia does not currently offer any additional solar rebates to homeowners outside of those offered nationally. It does, however, run a time-of-export buyback scheme for those who own solar panels, batteries, or an electric vehicle. This scheme is known as the Distributed Energy Buyback Scheme (DEBS).
New South Wales Rebates
Rebate Swap for Solar Offer
This offer helps homeowners on low incomes reduce their electricity bills by installing 3-kilowatt solar systems on their homes. Solar reduces your environmental footprint and can save you up to $600 a year on your household electricity bills. Individuals must meet eligibility criteria, including a pensioner or concession card.
Learn more Here.
How we can help
Horan & Bird started in 2004 and has built one of the longest-standing solar companies in Australia. We have over 30,000 customers and have won Master Electrician of the Year five times, along with Australian Small Business of the Year in 2012.
Not all companies are created equal, and the same applies to solar companies. That is why choosing a company with experience is essential. This way, you can be sure your system is installed correctly and will last for years.
Furthermore, we understand that each solar journey is unique, and our approach is tailored to meet your specific needs. Eligibility criteria vary depending on the type of rebate available. Follow the links above to see if you are eligible, or simply Call us today to get started on your solar journey.
Founder of Horan & Bird. Director of Master Electricians Australia and Board Member of Solar Accreditation Australia. John has played a key entrepreneurial role in the transformation of the Energy Landscape in Queensland.
