Available Solar Rebates in Queensland

If you have made the decision to switch to solar electricity you may or may not know about the solar rebates currently available in Queensland. This is a scheme developed by the Queensland Government to offer financial bonuses to businesses and households for extra electricity produced by their solar electricity systems. Those who are able to benefit from the scheme will receive financial bonuses for surplus electricity that is fed into the Queensland grid. Taking advantage of this offer is a fantastic way of making your solar pay and be a genuine financial investment for the future.

Encouragement to go solar

The solar power rebate is part of what makes changing to solar such an attractive option. The Australian Federal Government predicts that 20% of the electricity that is used by 2020 will be sourced from renewable solar power. Because the rebates are available then the one off cost of making the change to solar electricity is reduced greatly, thereby benefiting your financial situation as well as the environment. Rebates vary from state to state and in some instances you can take advantage of both the federal and state rebate.

Solar credits, STCs and the Queensland Feed in Tariff

The very appealing Queensland feed in tariff means that you will be paid 44c per kilowatt hour for surplus electricity that your solar electricity system produces. On top of this some electricity providers will offer bonuses on top of the QLD feed in tariff. There is the potential for up to 52c per kilowatt hour to be gained and combining this with the solar credits scheme can make your investment even more financially powerful. If you don’t already know, Renewable Energy Certificates (STCs) are a mode of electronic currency that can be sold to your energy provider for cash. The value of STCs fluctuate with the market conditions however under the solar credits scheme each STC is multiplied by 3 initially. This replaces the previous solar rebate Brisbane that was available. To be eligible for this scheme your new and complete system must be a ‘small generation unit’ producing up to 100kW capacity for a PV solar system and installed on eligible premises. If you wish to apply for the solar credits scheme then your system needs to have been installed no more than 12months prior to your application and only one unit per premises will be entitled.

For more information on how you can benefit from solar rebates and having solar panels Brisbane installed in your home, contact a professional qualified solar installation business today.