What government incentives are available for installing solar?
You may receive a feed in tariff (FiT) which is a credit for any excess electricity that is not used and is sent back to the grid. This will show as a credit on your electricity bill. Feed-in tariff rates and how they are redeemed varies from state to state, and we can tell you what you may be eligible for.
The Small-scale Renewable Energy Scheme creates a financial incentive for individuals and small businesses to install eligible solar systems that are 100kW or smaller, through the creation of small-scale technology certificates (STC’s). These certificates are calculated based on the amount of electricity a system produces and then offset the cost of the system at the point of sale.
If you are looking to install a larger commercial solar system that is over 100kW, you may be able to benefit from the Large-Scale Renewable Energy Target and Large-scale Generation Certificates (LGCs). These are created on a yearly basis and the amount generated is dependent on the size of your solar system and where it is located.