National Solar Rebates
The National Small-scale Renewable Energy Scheme (SRES) provides a financial incentive for individuals and businesses to install small-scale renewable energy systems such as rooftop solar to all eligible home owners across the nation. It does this through the creation of Small-scale Technology certificates or STCs, which are issued upfront for a system’s installed module capacity (based on its installation date and geographical location) until the SRES expires in January 1st 2030.
Homeowners who purchase an eligible solar system can assign them to an agent, usually the system installer, such as Cooper and Co. Electrical Services, in exchange for an upfront discount.
The Prices of STCs changes according to market conditions such as total system size, geographical location and time of installation. More comprehensive information on how STCs are calculated and what you can expect in return can be found on the Clean Energy Regulator’s page.
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Rebates and Feed-In-Tariffs
There are two ways you can recoup some of the costs of setting up and maintaining your rooftop solar and battery system. The first way is through government rebates, which can contribute to the cost of purchasing and setting up your system, depending on where you live and what programs are available. Once you have your system installed, the second way is by selling some of the electricity you generate back into the grid, which is called a feed-in tariff.
Government Rebates
There are federal and state rebates available for rooftop solar and battery storage which can significantly reduce the cost of purchasing and installing a solar system.
We have compiled a list of the major schemes operating in Australia but there may be more rebates available to you. You can search for federal and state government rebates on the Federal Government’s energy rebates webpage.
Generally, when you receive a quote for a solar or battery storage system, the retailer will show any rebate amount that you are receiving.
National Rebates
The Small-scale Renewable Energy Scheme (SRES) provides a financial incentive for individuals and businesses to install small-scale renewable energy systems such as rooftop solar, solar water heaters and heat pumps. This occurs in the form of small-scale technology certificates (STCs), which are issued up front for a system’s expected power generation (based on its installation date and geographical location) until the SRES expires in 2030.
The price of STCs changes according to market conditions. The total level of subsidy you receive will depend on several factors, including the location and size of the solar system and the price of STCs at the time the system was installed.
More comprehensive information about how STCs are calculated and what you can expect in return is contained in our Guide to Installing Solar for Households and via the Clean Energy Regulator.
The Large-scale Renewable Energy Target (LRET) is also run by the Federal Government and intended for generating large-scale renewable energy in the form of power stations. More information on the LRET can be found on the Clean Energy Regulator’s website.
Queensland
The Queensland Government provides interest-free loans and grants for solar systems and battery storage to eligible home owners and small businesses. Although there are currently no available State Solar Rebate programs available in Queensland, more information can be found through the link below or contact us to receive the maximum discounts available.
Australian Territory
The ACT Government has committed to subsidising up to 5000 battery storage systems in ACT homes and businesses. More information can be found through the link below.
New South Wales
The NSW Government is helping homeowners in eligible postcodes access interest-free loans to install solar battery systems. More information can be found through the link below.
South Australia
The scheme gives South Australian households access to $100 million in state government subsidies to pay for the installation of home battery systems. In addition, the Clean Energy Finance corporation is also providing $100 million in loans to assist with the financing of a new or additional system.
More information can be found through the link below.
Victoria
Solar Victoria is currently providing a rebate of up to $1,400 for solar panel (PV) system installation, for homeowners and rental plus the option of an interest-free loan. See scheduled rebate release dates.
To further reduce installation costs, householders can apply for an interest-free loan, for an amount equivalent to their rebate amount. The loan is required to be repaid over four years or can be repaid sooner in one lump sum.
More information can be found through the link below.
Northern Territory
Cooper and Co. Electrical is proudly supporting Redback Technologies as an approved provider for NT’s solar Home and Business Battery Scheme. The scheme provides a rebate worth $450 per kWh of battery capacity installed up to a maximum grant of $6,000 to homeowners, businesses, not-for-profit and community organisations.
More information can be found through the link below.
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