![]() Will this bloke kill the rebate early if he wins the election? Some of our politicians are so detached from reality they are off floating beyond the orbit of Pluto. Will the rebate be scrapped early?īecause the solar rebate has survived long enough to start being phased out gradually, it is possible that politicians will lay off trying to kill it and let it reach the end of its life naturally. This reduction will continue year for year until 2030 when a single year’s worth of STCs will be given and on the 31 st of December that year the rebate will end. On the 1 st of January 2018 it decreases to 13 years. On the 1st of January 2017 that decreases to 14 years. How The Solar Rebate Will Be Phased OutĬurrently rooftop solar systems receive 15 years worth of STCs in advance when installed. However, I can’t rely on STCs always being this high and the price my installer will offer is based on the average amount they expect to receive for them and not just today’s high price. Or a straight $8,000 if my installer likes to round down. This would make the total cost of the system to me a much more affordable $8,008. So if the full cost of my system was $12,000 my 103.7 STCs would lower it by $3,992. Looking up today’s price for STCs I see they are $38.50 each which is a little above the average it has been for the past three years. In most cases, Australians choose to allow their installers to lower the cost of their rooftop solar system using the STCs received and not handle them personally.įor an example of how this works, if I had a 5 kilowatt system installed before the end of the year in Sydney, which is zone 3 on the map and the zone in which most Australians live, I would receive 103.7 STCs. ![]() Because electricity retailers are required to hand over a certain number of them each year to prove the amount of renewable energy generated is increasing, there is a market for STCs that allows them to be turned into dollars. Rooftop solar systems receive one STC for every estimated 1,000 kilowatt-hours of electricity they generate over a period of 15 years and they get them in advance when the system is installed. The 4 zones that determine how many STCs you get per kilowatt hour of solar panels for each remaining year of the solar rebate. This map shows the 4 different zones that determine how many STCs you will receive per kilowatt of solar panels for each remaining year of the rebate: A 5 kilowatt system will receive twice as many as a 2.5 kilowatt one, and a sunny Central Australian location is worth more than a system in cloudy old Melbourne. Just how many of these wonderful STCs are summoned out of the ether when you whack a solar system on your roof depends upon how much electricity it is expected to generate. It lowers the cost of rooftop solar to households and businesses through the ingenious creation of valuable pieces of paper called Small-scale Technology Certificates, or STCs. The solar rebate is part of Australia’s Renewable Energy Target and was introduced at the start of 2011. Of course, that will all change the day I become Prime Minister. At the moment there are no vocabulary police in Australia. Personally, I plan to call it a solar rebate until at least 2030, which is the year it will disappear.ĭon’t worry too much about what you call it. ![]() They didn’t come up with a convenient term for it, so it’s their own damn fault if people call it a solar rebate.The dictionary says that when you get money back on something that’s called a rebate.This effectively gives you money back on the cost of your rooftop solar system.Instead it apparently should be called something along the lines of, “Payment for small-scale technology certificates.” But in real life: The Australian Government Clean Energy Regulator say the solar rebate is not technically a rebate. Terminology Note: The Solar Rebate Is Not Technically A Rebate The phase out encourages Australians to install rooftop solar sooner rather than later. At the start of 2017, the rebate of $3,990 that most Australians would receive at the moment for a 5 kilowatt rooftop solar system will fall by around $266 down to $3,724. ![]() The rebate will reduce by one fifteenth of its current amount on the first day of each new year until 2030 and will end on the 31 st of December that year. The solar rebate which currently reduces the cost of rooftop solar in Australia will be phased out with the first reduction starting in less than 8 months on the 1st of January 2017. The projected solar rebate for a 5kW system in Zone 3 with a $37 STC price.
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