It's all about timing and availability, government subsidies are a great way to lower installation costs!
SMALL TECHNOLOGY CERTIFICATES
A Small Technology Certificate (STC) is a point of sale discount on the upfront cost of installing a solar system. STC's are dependent on your total solar panel capacity, so oversizing is a good idea and completely safe way to maximise this federal subsidy. Every year on the 1st of January the STC subsidy decreases, and will continue to decrease every year until 2031.
VICTORIAN SOLAR HOMES REBATE
The Victorian Government is helping Victorian households cut their electricity bills by providing a rebate under the Solar Homes Package. From 19 August 2018, the Victorian Government will provide a 50 per cent rebate on the cost of a solar PV system, up to a maximum rebate of $2,225. To be eligible for a rebate, you must be able to answer 'Yes' to the following:
- Do you have a combined household taxable income
of less than $180,000 per annum?
- Are you the owner-occupier of the home?
- Is the home valued at under $3 million?
- I don't have solar PV on my property OR I am replacing
my solar PV system that was installed before 1 November 2009
You'll need to provide a copy of your Council Rates Notice for the installation address, and anAustralian Tax Office Notice of Assessment for the 2016-17 or 2017-18 financial year for all homeowners listed on the council rates notice.
For more information schedule a time with one of our solar advocates - https://cal.mixmax.com/matthewrace/solar-guide
A Feed-In-Tariff is the rate you are paid for solar energy that is exported to the grid. Any solar energy you don't use at home gets exported to the electricity grid.
Feed-In-Tariffs vary between every Australian state. In 2018, 9.9c/kWh is the minimum Victorian Feed-in-tariff. It's important to note that 9.9c/kWh is the minimum, and an electricity retailer may offer you a rate that is higher than this in order to win you as a customer. Every year in Victoria the Feed-In-Tariff is set, and changes on July 1st.