Are you confused about the solar rebates currently available in Queensland? You’re not alone. The ever-changing nature of government policy and the complex language used to describe it can make it difficult for homeowners to understand exactly what they’re eligible for when it comes to solar rebates. That’s why we at LiVE Services Group have created this blog, to answer all of your questions and clear up any confusion surrounding solar rebates in Queensland.
Overview of the Governments Solar Rebate Scheme in QLD
The Small-scale Renewable Energy Scheme (SRES) is the current solar rebate scheme available in Queensland. It is a federal government initiative that aims to encourage the uptake of small-scale renewable energy systems, such as solar water heaters, heat pumps, and small-scale solar PV systems, by providing financial incentives to homeowners who purchase and install these systems.
The scheme operates through the use of Small-scale Technology Certificates (STCs), which are created for eligible systems based on the amount of renewable energy they are expected to generate over their lifetime. These STCs can then be sold by homeowners to third parties, such as energy retailers, in order to receive a rebate or an upfront discount on the cost of their solar system.
This particular solar rebate is currently available in Brisbane, the Sunshine Coast and the Gold Coast.
What are STCs?
Small-scale Technology Certificates (STCs) are a key component of the SRES. They are created for eligible small-scale renewable energy systems based on the amount of renewable energy they are expected to generate over their lifetime. The number of STCs created for a system is determined by three factors: location, installation date, and system size.
- Location: The number of STCs created for a system is based on the amount of solar radiation that the system will be exposed to in its location. This means that systems installed in areas with higher levels of solar radiation will receive more STCs than those installed in areas with lower levels.
- Installation date: The number of STCs created for a system is also based on the installation date of the system. Systems installed before or after a certain date may receive a different number of STCs.
- System size: The final factor that determines the number of STCs created for a system is the size of the system itself. Larger systems will receive more STCs than smaller systems.
Once the STCs have been created for a system, the homeowner can choose to either sell them to a third party, such as an energy retailer, for a rebate or use them to receive an upfront discount on the cost of the system.
Are you thinking about installing solar panels in Queensland? One of the biggest concerns homeowners have is the cost of the installation. Luckily, the Queensland government offers a solar panel rebate to help offset the costs. In this article, we’ll explain how the rebate works and how you can qualify for it.
How Much Can I Get From The Solar Rebate in QLD?
The Queensland government currently only offers Small-scale Technology Certificates (STCs) as a rebate for solar panel installations. STCs are a form of currency that represents the amount of greenhouse gas emissions reduced by a renewable energy system. The value of each STC is determined by the cost of carbon and changes regularly.
The average rebate amount for STCs is around $35-$40 per certificate. For example, a 6.6kW solar panel system would receive around 28 STCs, which would result in a rebate of around $1,120-$1,120.
How to Qualify for the Queensland Solar Panel Rebate?
To qualify for the solar panel rebate in Queensland, your system must meet the following requirements:
- The output of your solar panel system must be 100kW or less
- You must own the property where the solar panels will be installed
- The premise must be eligible for the rebate (most residential and commercial properties are eligible)
- The solar panel system must be new and complete
- The panels must be approved by the Clean Energy Council (CEC)
- STCs must be applied for within 12 months of the solar panel installation
If you’re unsure if your solar panel system and property qualify for the rebate, you can contact the Clean Energy Regulator or a solar installation company like LiVE Services Group for more information.
What is a Solar Feed-in Tariff? Are they Important in Queensland?
A solar feed-in tariff is a payment you receive from your electricity retailer for any excess solar power that you generate and feed back into the grid. This is an important aspect of solar power in Queensland as it allows you to offset the cost of your solar system and potentially earn a profit on your investment. The higher the feed-in tariff, the more you will earn for the energy you produce.
What Are The Best Solar Feed-in Tariffs in Queensland?
When it comes to solar feed-in tariffs in Queensland, there are a few options to consider. Here are some of the best options currently available:
- Social Energy offers the best solar rebate in QLD at 40 cents per kW hour, but it is limited to the first 300kWh per quarter and only available with a battery installed.
- Discover Energy pays 16 cents per kW hour for the first 3.2877 kWh per day, decreasing to 10c for the next 3.2877 kWh, with the lowest rate being 6c.
- AGL and Origin pay 12 cents per kWh, and Red Energy pays 11.5 cents per kWh
It’s important to note that these rates can change, so it’s worth checking Energy Made Easy – energymadeeasy.gov.au, a resource for finding the best option for your needs.
How to Apply for the QLD Solar Rebate?
When it comes to applying for the QLD solar rebate, there are two options: selling on the open market or through a registered agent. Selling on the open market means you can sell your Small-scale Technology Certificates (STCs) to any buyer, while going through a registered agent typically means you’ll sell them to your solar panel retailer or installer.
- Selling on the open market:
- Pros: You have more control over the sale price and can potentially get a better deal
- Cons: It can be time-consuming and you may have to negotiate with multiple buyers
- Through a registered agent:
- Pros: It’s a simpler process and you may be able to bundle the sale of your STCs with your solar panel purchase
- Cons: You may not get as good a deal on the sale price
Tips for Getting the Most Out of Your Solar Panel Rebate
- Only choose high-quality solar panels with long-term warranties
- Make sure solar panels and installer are Clean Energy Council approved
- Choose an installer that will trade your STCs for you
- Find an electricity provider that will give you the best feed-in tariffs for your particular situation
By following these tips, you can ensure that you’re getting the most out of your solar panels and rebate.
Take Advantage of the STC Rebates Today!
In summary, solar feed-in tariffs in Queensland can be a great way to offset the cost of your solar system and potentially earn a profit. By exploring your options and following our tips, you can ensure that you’re getting the most out of your investment. LiVE Services Group are always here to help you with your solar needs. If you have any questions, please don’t hesitate to contact us at 1800 548 332 or visit our Enquiry page https://www.livesg.com.au/contact/
Don’t wait; take advantage of STC rebates while they’re still available, and start.