Solar Power Rebate
There’s never been a better time to install a solar electricity system, with so many solar rebates and incentives available. The new Solar Credits rebate is not means tested and is open to anyone who wants to install a solar power system on their home, rental property, business or local community building. SolarSwitch offers this rebate as a generous point of sale discount of over $2300 on a 1.5kW system and more on larger solar panel systems.
If you are wondering what solar panels cost after this rebate click here to visit our price guide page.
Most states and territories also have solar electricity buy back schemes known as a feed in tariff. This is where some (net) or all (gross) of the solar electricity generated by the solar panels is fed into the grid and bought back by your energy retailer at a higher rate than what you pay for electricity. Here is a table of what a 1.5kW solar power system could save you in various states of Australia.
| State |
Tariff |
Type of Tariff |
Estimated Savings p/yr
(based on 1.5kW system) |
| NSW |
Approx 24c/kWh^ |
Net^ |
$500-$550^ |
| QLD |
Up to 50c/kWh |
Net |
$700 - $800* |
| ACT |
Approx 14-16c/kWh |
Net |
$300 - $360
|
| VIC |
60c/kWh |
Net |
$800 - $900* |
| SA |
44c/kWh |
Net |
$723* |
* based on 50% (approx 3kWh) of the solar electricity generated being fed into the grid, and an average retail rate of 16 cents
^ NSW Solar Bonus Scheme and net tariff rates will be reviewed in the coming weeks. Above are saving estimates based on probable outcome
To find out how to make the most of these rebates with a solar power system contact us now!
