Solar Rebates
Solar Power Rebate – STC’s
The solar rebate STC system is an incentive program to encourage the use of solar energy in both residential and commercial properties in Australia, for systems under 100 kW. Here’s a breakdown of how it works:
- Point of sale discount: When you buy a solar energy system, the rebate is usually applied immediately as a discount at the point of sale, which lowers the price you pay upfront.
- Value calculation: The discount you get depends on two things: the size of your solar system (the total kilowatts of your panels) and the current market value of the STC when you make your purchase.
- Tradable commodity: STCs work like stocks in the stock market—they can be bought and sold, and their prices can go up or down quickly.
- Price stability: While the value of STCs can change, they have been pretty stable over the past few years. However, there have been times when the rebate value has changed a lot within a single year.
- Annual reduction: Each year on January 1st, the number of certificates you can receive goes down, and this will continue until 2030. So, the longer you wait to buy your solar system, the smaller the rebate you’ll receive.
- Geographical zones: Your rebate also varies depending on your location, which is determined by your postcode. Australia is divided into 5 different solar rebate zones, and each zone has a different rebate rate.
- Simplifying the complex: It might sound complicated, but during a consultation with Inspire Energy, they will explain everything clearly so you understand exactly how it will work for you.
Home and Business Battery Scheme
If you’re a Northern Territory (NT) homeowner, business or a not-for-profit organisation, you can apply for a grant through the Home and Business Battery Scheme to buy and install batteries and inverters.
Eligible homeowners and businesses can access a grant of $400 per kilowatt hour of useable battery system capacity, up to a maximum grant of $5000.
The grant is available for battery systems that are on the list of battery systems XLSX (331.7 KB) that have been assessed as virtual power plant capable.Homeowners that own a business can apply for both their home and business.
The grant is available to eligible recipients regardless of their electricity provider.
Jacana Energy customers who receive the premium one-for-one feed-in tariff and access this scheme will be transferred to a standard feed-in tariff. This is a condition of the grant.