Using solar energy as an alternative to conventional forms of energy generation is gaining popularity all around the world. By offering financial incentives and other strategies to stimulate the use of this renewable energy source, governments are encouraging the use of solar panels. This post will examine some of the government incentives for solar panels that are offered in Western Australia.
Solar Feed-in Tariff
The Solar Feed-in Tariff (FiT) is a payment given to homes and companies that utilise solar panels to produce their own power. Customers with solar systems up to 100 kW in capacity are eligible for the FiT, which is set at 11.8 cents per kWh.
A government initiative in Australia called Solar Credits helps individuals and small companies build solar panels and solar hot water systems, among other small-scale renewable energy systems. Each megawatt-hour (MWh) of power that a family or small business’s system produces or replaces earns them a Small-scale Technology Certificate (STC) under the programme, which is overseen by the Clean Energy Regulator. Afterwards, at a profit, these STCs can be exchanged or sold. The initiative aims to lower the cost of putting up small-scale renewable energy systems and to encourage more Australians to use them.
Solar Hot Water Rebates
In Western Australia, homes and businesses can receive subsidies on solar hot water systems. Customers that install solar hot water systems with a minimum capacity of 1.5 kW are eligible for the subsidy. The rebate amount is now $1,000.
Solar Bulk-Buy Programs
As the price of solar energy systems continues to drop and the demand for renewable energy rises, solar bulk-buy schemes are becoming more and more common in Australia. Programmes for buying solar systems in bulk enable a group of individuals to band together and save money. These initiatives aim to lower the price of solar energy systems and increase public access to them.
At Powerlec, we’re dedicated to fostering a long-lasting relationship with each of our clients. You’ll experience genuine confidence when it comes to your solar needs, thanks to our commitment to continual improvement and first-rate customer care. Contact us today to get fitted with the best of the best.