How do Solar Panel Rebates work?

Solar energy is a built-in energy source that propagates a positive environmental impact. Significantly contributing to the eco-friendly norm, the solar panels are the growing emergence of today. Apart from the ecological benefits, it also helps to save some valuable money in your pocket. For starters, powering the entire property or a significant part of it can help you save the electricity bills. Purchasing a solar system enables you to avail profitable rebates, and these work in your support largely.

How do the rebates work?

STCs are issued and can be redeemed for a dollar value deducted from the solar system's entire cost. Its value primarily depends on market conditions. You will also be eligible for financial and government incentive. On the day of installation, the STCs are assigned to us. We fulfil the registration of the certificates with the help of renewable energy regular while recouping the value. You do not require waiting for it; instead you get an immediate deduction.

How much STCs will you receive?

This primarily depends on the place you reside, the date of installation and the amount of electricity that the system generates through a particular time. You can acquire one STC for each megawatt-hour of electricity.

For example, the government in Queensland offers interest-free loans and grants for storage and solar panel installation. Australia offers three distinct packages, as mentioned in the following:

1. Loans for solar

2. Loans and grants for battery storage

3. Loans and grants for battery storage and solar storage

As a resident, you are eligible to apply for any. However, the value varies; you can acquire a rebate of $10,000 for a combined solar and battery storage at home.

How much do the STCs cost?

The value you will acquire from STC depends on how they get sold. When it is sold through STC clearinghouse, you will attain a fixed price of $40 excluding GST. However, on the other hand, if it is through the open market, you can acquire a higher or lower price as based on the market demand.

Are the rebates authentic?

Previously known as Solar Credits rebate, the program is a subsidy that offers an up-front discount on purchasing a solar power system.

Hence, it is mandatory to consider getting quotes for solar panels, not only to propagate a healthy environment but also to save some additional bucks. It is about time to manifest a greener tomorrow, and save your daily expenses!

Ever Power Solar is a top solar company in Australia. We have been powering Australian homes with solar enabling them to make a swift shift to renewable energy. We have installed Solar panels in Brisbane, Adelaide, Sydney, Perth, and Canberra. We are a CEC approved solar retailer and CEC certified installers and have an outstanding team of solar consultants.