Solar Australia – Making the Most of Renewable Energy
Many Canberra households are choosing to invest in solar panels to shield themselves from high electricity prices. They also opt for battery systems to make the most of renewable energy and avoid reliance on fossil fuels.
By making this move, a household can significantly reduce its greenhouse gas emissions. Additionally, solar can help you save money on your power bill and get a good return on investment.
ACT Government Rebates
Solar has become a more affordable and environmentally friendly way to power homes and businesses. Thanks to plummeting technology costs, falling electricity prices and generous feed-in tariffs, many Australians are reaping the rewards of going solar.
To encourage more Canberra homeowners to adopt solar, the ACT government is offering various rebates and incentives. These include the Next Generation Energy Storage program, the Sustainable Household Scheme, and the Solar for Low Income Program. Combined, these will make it easier than ever for Canberra residents to harness the power of the sun and reduce their energy bills.
Depending on the size and expected life of your solar system, you can qualify for Small-scale Renewable Energy Certificates (STCs). These are worth about $37 each and can be used to offset some of the upfront cost of installing your system. You can find more information on STCs and eligibility criteria on the ACT’s website. The Sustainable Household Scheme also offers a zero-interest loan to help eligible households pay for solar, batteries, and energy efficient upgrades like hot water heat pumps.
Next Generation Energy Storage
The ACT has some of the highest solar power potential in Australia. This is why the ACT Government offers numerous rebates for households and businesses to invest in solar energy.
A significant up-front incentive comes in the form of Small-scale Technology Certificates (STCs). These are a point-of-sale discount that reduces the cost of a solar system by around 30 per cent. This is available to all Australian residents and is factored into the pricing you see on the market.
You can also ‘earn’ money from a solar power system by selling the surplus electricity it generates back to the grid. This appears on your electricity bill as a credit, and is a great way to cut your bills and help tackle climate change.
With healthy competition amongst ACT electricity retailers, it is possible to get a feed-in tariff rate of 7 cents or more per kilowatt hour. This is a fantastic return on investment. Moreover, a solar power system and battery storage can help you achieve energy independence and resilience by decreasing your reliance on traditional fossil fuels.
Sustainable Household Scheme
Eligible ACT residents can receive interest-free loans of up to $15,000 to make energy efficient upgrades to their homes. This includes solar panels, battery storage and electric vehicles. The ACT government has also launched an online dashboard to track the performance of Canberrans’ eco-friendly investments.
The cost of a residential solar system has dropped significantly in recent years. This has allowed many ACT households to reduce their power bills and become more self-sufficient. A growing number of ACT households are choosing to add a battery to their solar system, which can further lower electricity bills and provide power during blackouts.
Another way to further lower your energy costs is by taking advantage of feed-in tariffs. These are credits offered by your electricity retailer (like ActewAGL) for the excess solar energy your home produces that isn’t used – it’s fed back into the grid. These rates can vary between electricity providers and can push your solar savings even further.
Solar for Low Income Program
Solar energy systems are a great way to reduce your electricity bills. They are also an important step in reducing your carbon footprint and protecting the environment.
The ACT government has a range of schemes that make it easier for Canberra homeowners to invest in solar. These include the Next Generation Energy Storage Program, Sustainable Household Scheme and Solar for Low Income Program. In addition to these ACT incentives, national rebates are also available for battery storage and solar panel installation.
Community shared solar projects provide access to clean energy for those who cannot install a private system due to rooftop constraints, lack of finance or poor credit. Those who subscribe to these community projects can also receive feed-in tariffs from their electricity providers and receive a rebate for the unused energy that is exported back to the grid.
The ACT has the lowest grid electricity prices in Australia, which makes it a good location for installing a solar power system. A home can expect to see a return on investment of around 20c/kWh after taking into account a variety of factors.
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