What can you claim?
Generous government rebates are currently available, Reducing on the 1st of January each year to 2030… Good news is we handle the entire process from quotation to completion and beyond.
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Solar Energy Rebate
There are two forms of rebates available when installing a solar energy system:
- Assistance when purchasing the system
The first rebate we claim is the Federal Government’s Small Scale Technology Certificates (STC’s). By installing Solar energy to your home or business you create STC’s where you will receive 1 STC for every Megawatt of energy your system is expected to produce until the year 2030. In summary, depending on the size of your system and its location you will receive between $1,000 to $3,700 for your home (and up to $57,000 for your business).
Federal Government’s STC Phase Out. In addition to the general market supply and demand impacting STC prices, the Federal Government’s planned STC phase out means these incentives are set to further reduce by 1/12 (around 8.3%) in January 2020 and every year until 2031 when they are eventually phased out completely.
When we install the system, we discount the rebate from the purchase price and complete all necessary paper work at no extra charge.
There are also STC rebates available for Solar Hot Water and heat pumps. The STC’s are valued at around $1000 depending on the system installed.
The price and the amount of STC’s are regulated by the Government and are subject to market conditions. The STC price fluctuates due to supply and demand.
- An ongoing credit on your electricity bills.
When the sun shines on your solar panels they create electricity. If you use this solar power as it is produced, that’s free electricity! This is the power you would normally have to pay full price for. In other words, you will receive a 1 for 1 credit for all electricity consumed as it’s produced. If you don’t use the power the excess flows back to the grid and Synergy pays around 7 cents/kWh. The idea is to try and use the power as it’s produced during the day and converse your power usage while the sun is not shining on your solar panels.
As an example, a 6.6kW system in Perth will produce around 28 units/kWh per day. If all this power is used as it is produced it will save you around $2,850 per year. Conversely, if all the power is sent back to the grid, with the 7c Feed-in tariff it will save around $700 per year.
The true savings will be between these two figures and will depend on how much power is used while the sun is shining and how much power is fed back to the grid.
There are many more ways to make the most of your solar energy. Please visit our Energy saving tips and tricks page.
Call us to find out which rebates you can claim.