Solar Panel Government Rebate Sa

Small scale technology certificates in south australia.

Solar panel government rebate sa.

You ll get a good idea of the amount in rebates otherwise known as stcs you can get. The federal government provides a solar tax credit known as the investment tax credit itc that allow homeowners and businesses to deduct a portion of their solar costs from their taxes. When you buy solar panels in australia from an accredited installer you will receive small scale technology certificates stcs as a form of solar rebate that reduces the cost of your system purchase. The tax break reduces.

There are a few rebates on offer in sa to help you save on solar as well as to see a much faster return on your investment. Solar power with government rebates and incentives. This brief guide explores the solar rebates you can get in south australia in detail. Both homeowners and businesses qualify for a federal tax credit equal to 26 percent of the cost of their solar panel system minus any cash rebates.

An average sized residential solar system about 400 square feet of solar panels costs 18 000 according to the solar energy industries association an industry group. The federal rebate can shave off up to 3 000 off the cost. To find what s available fill in the search with some information about yourself and where you are in australia. This scheme is not means tested.

You can add more information about the topic you re interested in like solar pv or energy efficiency and what type of support like grants rebates or apps. The sa government says analysis by frontier economics shows the program is expected to lower energy bills for participating households by 30 per cent based on a current electricity cost of approximately 40c kwh. The reduction is based on all electricity consumed not just that generated by the solar panels. The main incentives discussed in this article are small scale technology certificates stcs and feed in tariffs fits.

You could also see if there s additional support available during covid 19 from the australian government or the state. The federal government s stcs scheme is still currently available to assist in offsetting the cost of purchasing a solar panel system in south australia throughout 2018. With government rebates and reducing solar panel costs a southern australian could get a great solar installation without spending a fortune.