From January 1 of 2017, the solar rebate has begun to be phased out across Australia, slowly putting an end to the cost-reductions it produced for solar panel installation. Each year, the rebate is planned to reduce by one fifteenth on January 1 until 2030, ending on last day of that year. This means that if you’ve been considering switching to solar power in Perth, now is the time to do it.
How the solar rebate works
The solar rebate lowers the cost of rooftop solar to households and businesses through Small-scale Technology Certificates, or STCs. The amount of STCs you accumulate depends on the kilowatts of your system and how much electricity it is expected to generate, as well as location you’re in.
If you have solar panels on your roof, you’ll receive approximately nineteen STC per kilowatt of solar power installed. You’ll receive them in advance – when your panels are being installed – and most people choose to use their STCs to get a discount on their installation costs.
The price of STCs has dramatically dropped recently and it’s bad news for solar panel prices.
The price of STC fluctuates based on supply and demand. Recently the price per STC has decreased substantially due to market forces. The price of STC’s could still fall further and it is a good time to lock in the price of your solar panel system. The benefits of having solar panels should be enough incentive to get them installed – solar panels are guaranteed to save you money in the long term. However, if you’re thinking of using solar power in Perth, now is the best time to take advantage of the current price of STCs and benefit from the reduced cost of solar panel installation.
Take advantage of the solar rebate and collect a discount on installation before it decreases any further!
For solar power in Perth, Solar Naturally has you covered. Learn more about solar rebates.