Government Incentives For Solar Panels Australia

The federal government currently offers small scale technology certificates stcs to homeowners and small business owners who invest in solar panels or solar hot water systems.

Government incentives for solar panels australia.

This scheme gives australians a financial incentive to install renewable energy systems. Households and small businesses across australia that install a small scale renewable energy system solar wind or hydro or eligible hot water system may be able to receive a benefit under the small scale renewable energy scheme sres to help with the purchase cost. Solar panel prices are competitive in adelaide and throughout the whole of the state. Solar incentives for small business.

Commercial scale solar incentives. 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. There are several types of grants rebates and incentives that business customers with solar power can be eligible for.

Thanks to accelerated depreciation businesses can write off the value of their solar energy system through the modified accelerated cost recovery system macrs which reduces businesses tax burden and accelerates returns on solar investments qualified solar energy equipment is eligible for a cost recovery period of five years. If you re considering installing a solar power system 20kw capacity or larger this page shows some of the many rebates incentives and financing options. It s in the news and it s been up in the air for some time but in more recent news it looks. To find what s available fill in the search with some information about yourself and where you are in australia.

You can also receive the federal solar rebate feed in tariffs from your retailer and if you are considering a battery for a hybrid system or an existing solar panel system the south australian government provides an incentive through their home battery scheme. Current business incentives include tax breaks recs feed in tariffs and other forms of support. Maximise on the government changes to solar. You could also see if there s additional support available during covid 19 from the australian government or the state.

Thankfully the federal government solar rebate has not been cut and australian residents are still able to access large subsidies when purchasing solar pv systems for their household read about the rebates available to you here. Other incentives for solar accelerated depreciation. We are providing a rebate of up to 1 850 for eligible landlords to reduce the cost of installing a solar panel system on a maximum of two rental properties each financial year.