Federal Government Solar Rebates Scheme

Home solar power rebates the small scale renewable energy scheme can save you thousands of dollars on a solar panel system.

Federal government solar rebates scheme.

The federal government solar rebate officially known as the small scale renewable energy scheme sres entitles individuals and small businesses in australia to large reductions when installing eligible small scale renewable energy systems under 100kw such as solar pv systems and solar water heater systems. The residential renewable energy tax credit as the irs calls it can be an attractive way to save on the significant cost of installing solar panels or roofing. An average sized residential solar. The solar rebate officially known as the small scale renewable energy scheme sres provides those purchasing solar pv systems with a substantial rebate based on the amount of small scale technology certificates stcs that the system is permitted to.

To find what s available fill in the search with some information about yourself and where you are in australia. Beware of green scheme scammers. The federal government provides incentives for solar systems both small and large under the renewable energy target ret. The ret incentivises small scale and large scale solar projects differently with separate segments known as the large scale renewable energy target lret and the small scale renewable energy scheme sres.

Government rebates there are federal and state rebates available for rooftop solar and battery storage which can significantly reduce the cost of purchasing and installing a solar system. You could also see if there s additional support available during covid 19 from the australian government or the state. In addition the federal government s long running solar incentive scheme is one of the most valuable solar subsidies currently available to all australian households and businesses. The australian government offers genuine rebates for the installation of solar panels and individual states and territories may also offer ongoing feed in tariff programs.

We have compiled a list of the major schemes operating in australia but there may be more rebates available to you. Stcs are certificates which system owners or installers can trade in exchange for an upfront discount to the cost of a solar system. 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. Small scale renewable energy scheme.

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. The rebate amount is determined by the number of small scale technology certificates stcs a solar system is entitled to.