Energy prices are on a constant increase and we are seeing simultaneous increase in the need for alternate energy sources. There have been long standing debates for using renewable energy as an alternative and it is becoming more and more clear that the quicker individuals and governments embrace these forms of energy the better it is for our and our children’s future.
Government’s assistance in the form of solar rebates and feed-in tariffs show promising growth in renewable energy industry, with many experts saying more needs to be done. Here is an outline of some incentives available when choosing to go solar.
Small-scale Renewable Energy Scheme
With SRES or “solar rebates”, you can save hundreds of dollars upfront on a new solar panel system.
The Small-scale Renewable Energy Scheme was implemented as a part of Australia’s Renewable Energy Target Plan (RET). The payment is often referred to as an upfront solar rebate, and was designed as a financial incentive for households, small business and community groups to install small-scale renewable energy systems, including solar PV systems of up to 100 kW.
Solar Feed-in Tariff
Think, how would it feel to get paid for excess electricity generated by your solar panels system?
Once your grid connected solar panels are installed, any excess energy produced will be fed back into the grid and you will receive a credit on your account. This is measured by the new bidirectional power meter which is installed once your panels and inverter are in place. And if you produce more energy than you consume, you will be paid for it.
State Government solar panel rebates & incentives
The solar rebate schemes and financial incentives are designed to help homes and businesses reduce their electricity usage and therefore save money!
It is important to remember that solar rebates and incentives will vary in Western Australia compared to other states and include grants, such as solar rebates for upgrading your water heating to solar hot water, free energy audits and assessments on your home or business. There are even grants for wireless energy monitors to help you monitor your hourly energy consumption.