End of Solar Rebates?
Is this really the end?
Any immediate threat to the Renewable Energy Target (RET) is a
distant possibility at this point in time.
When a deal was finally struck on the future of the RET, the carrying out of regular bi-yearly reviews was removed in order to give the industry (especially the medium & large-scale sectors) a bit more stability, the fact is, the incentives for small-scale solar under the RET are not disappearing any time soon.
Currently, the RET mandates 20% renewables by 2020. The target will remain at this level until 2030 unless the government ups the percentage.
The SRES is the portion of the RET that dictates requirements for uptake of small-scale renewables such as rooftop solar PV systems. In a nutshell, the SRES provides an up-front subsidy for solar systems under 100 kilowatts (kW) through a type of renewable energy currency called Small-scale Technology Certificates (STCs).
Depending on the location and size of your system (and when you have it installed) your system will be eligible to create a set number of STCs. (Check out the Clean Energy Regulator’s STC calculator to learn more.) STCs are traded on certificate markets, so their price actually fluctuates.
Small-scale solar systems have a ‘deeming period’ of 15 years – which means that now in 2017 you get 14 years’ worth of STCs as the RET only goes until 2030 –the deeming period shrinks every year.
So a 20kW Solar Rebate Assignment of STC Deducted from system on a supply and demand rate of the following cost STC 20 (kW) x 1.382 (Zone 3) x 14 (Years) = 384 STC's x approx $30 = $11,520.
Future Energy Savers will cost in the ST Certificates deducting the amount before issuing quotation.
So consider your options but do not take to much time in making a decision – and while you’re here, why not give us a call on 0401-226265 for an obligation free solar quote NSW State wide