The solar rebate system is changing.
At the end of 2016 solar rebates will drop in Australia and this could affect the cost of a solar power system for you.
All solar power systems installed to Australian Standards by accredited installers are eligible for rebates on the system cost. The amount of solar you install determines the upfront discount you receive on your system.
These rebates are calculated on the solar power system producing clean renewable energy for the next 15 years. They have been put in place to help reduce the uptake cost of solar and transition Australia to a clean energy economy. Over the past few years the renewable energy target which maps out this transition has taken a bit of a beating. It was decided that subsidies would be reduced for projects each year from 2017 to 2030.
How will this affect system pricing?
Thankfully it is a gradual drop and can be easily calculated. For example a 5.2kW solar power system will be almost $300 more expensive 1st of January 2017 compared with a 2016 install. This may not seem like much but that extra saving nearly covers the $310 cost of replacing your single phase electricity meter to an import/export meter in South Australia.
If you have any questions about renewable energy or the rebates available please leave a comment below or send me an email.
Have a Sunny Day,