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Rebates available in NSW
There is a lot of confusion in the industry at the moment with the current rebates available, So we've organised a simple page that lets you know the main/relevant rebates that are available at the moment, how to claim them, and also links to their appropriate 'application form and website'
The product rebates covered on this page are:
- Solar Hot Water
-
Solar Power
If you have any additional questions regards to rebates, Click here to contact our sales team via email or phone
Federal Government $1000 Rebate - Closed as of the 28th February 2012.
If you have ordered and paid a deposit before 28/02/12, you have until the 30/06/12 to install and submit your forms to be still eligible for the $1000 rebate.
The Federal Govt gives $1000 towards replacing your existing electric hot water with a new solar hot water system.
This rebate was also linked with the roof insulation, if you have claimed the roof insulation rebate, you will NOT be eligible for the solar hot water rebate.
Note: All systems installed after 21st April 2010 have only 4 Months from install date to submit their rebate paperwork!
- Federal Government rebate guidelines & application form
- Federal Government hot water system rebate website
Small-scale Technology Certificates - "STCs" (formerly RECS): $Variable
Dates expected to run: Unknown: The SRES does not have a target and there is no cap on the number of certificates that will be created. Assessed on year-to-year basis.
Small-scale Technology Certificates (STC) began 1/1/2011 - and replaced the existing RECS Scheme. It is probably the most confusing rebate, there are MANY factors in regards to STC's which we wont cover here but, we will explain the basics that you need to know, more detailed information can be found on ORER Website (see link below)
In simple terms, each solar hot water system is allocated a certain amount of 'STC Points'. The STC's are traded through "brokers", and the value of these certificates can fluctuate depending on different factors, but mainly supply and demand.
To calculate the STC Rebate you will receive, you Multiply the amount of "STC Points" allocated to the system, by the current value the STC's are trading at, for example:
Apricus 30 Tube 315 ltr GLEM is worth 37 STCs, If the current value of the STCs is $30/stc, The total STC rebate is (37 x $30) = $1110,
(there are options for fixed price STC Trading at a high rate of $40/stc, via the STC Clearing house, but this requires trading STC's yourself, and also will mean longer payback times)
- ORER Website - An In-depth resource on Renewable energy trading and STC's
- STC's Calculator - Find out how many STC's your solar system qualifies for
Grid Connect - Solar Credits (STC Multiplier, Super STC's) Scheme: $Variable
Dates expected to run: 9 June 2009 - 30 June 2013
The Solar Credits Multiplier is applicable on the first 1.5kw of solar panels installed on an eligible Grid connect solar power system.
Solar Credits are also based on the 'STC' Pricing we explained in the solar hot water section, so it does fluctuate.
It is not means tested and is applicable to private, and small business customers.
It is very confusing to work out the amount you will get back... but here this calculation will give a fairly accurate estimation of what you will receive:
Each sized solar system has a certain number of 'STCs' assigned to it. The STCs are then multiplied by the current value, and then multiplied by a figure, depending on when your installation occurs, see table:
| Installation Period | Multiplier |
|---|---|
|
|
|
| 1 July 2011 - 30 June 2012 | 3 x [number of eligible STCs] |
| 1 July 2012 - 30 June 2013 | 2 x [number of eligible STCs] |
| 1 July 2013 - onwards |
1 x [number of eligible STCs] (ie no multiplier) |
EXAMPLE:
1.50kw BP Solar Panels = (31 stc's)
Value at time: $30/stc
Install Date: 1 July 2011 (3 x Multiplier)
(31 x $30) x 3 = $2790*
*Please Note, this is not the exact figure, it will vary, but it gives you a rough estimation of what to expect, to work out exact figure, visit ORER website (link below)
Any systems bigger than 1.5 kw can claim the "Super STC's" for the first 1.5kw, and only the standard STC'S for the rest of the system.
- ORER Website - For a more detailed explanation on STCs for Small Generation Units
- STC Calculator - Work out how many STC's your solar system is entitled to
NSW Solar Bonus Scheme: Feed In Tariff $0.20c/kW - Suspended until further notice
If you have any additional questions regards to rebates, Click here to contact our sales team via email or phone
