Australians have recognized the need to reduce our greenhouse gas emissions. The state and federal governments have responded by aggressively pursuing the production of solar energy, through schemes to pay consumers impressive rebates on installing and using solar energy.
As it happens, the Australian government had issued a Mandatory Renewable Energy Target of 20% renewably-produced electricity by 2020. The Australian Renewable Energy (Electricity) Act of 2000 coined the Renewable Energy Certificates Registry, a market for creating, registering, transferring, and surrendering various kinds of renewable energy certificates.
Credits, Rebates, and Incentives
The Office of the Renewable Energy Regulator provides for genuine incentives, called Renewable Energy Credits, to motivate property owners to install energy-efficient solar power units for the production of electric power at the site of use. Not basically rebates, or flat payments by the government, these incentives consist of discounts on the price of a 5kw solar system and installation of the unit supplied by installers and companies that manufacture the solar systems. Such STCs (Small-scale Technology Certificates) are available through the buyers of various kinds of solar energy systems to the installers, who in turn sell and trade them, the way stocks or currency is traded.
The number and value of these certificates differ based on location throughout the country, as the sun is hotter in some places than in others, and the value of STCs relies on the amounts of solar energy a unit provides, in conjunction with when a PV system or solar water heater is installed. Some states offer credit for solar water heating, with rebates formulated on the number of kWh (kilowatt-hours) the heater replaces. More ways to pay back renewable energy installation can be via offering direct rebates to the provider, who sells back electricity to the electric company. Or, swapping parts of their usage with PV (photovoltaic) panels. These kinds of feed-in tariffs, net and gross, pay the producer for full or a portion of the electricity generated by the panel.
Use Services of a professional
It is smarter to go with a qualified installer, who will guide you about the amount of energy you have to make, and the best suited options for your situation. This qualified installer discounts your system and their service in exchange for brokering the resultant technology credits. Since the process gets confusing, going with a qualified installer and letting them lead the way is a better decision. On the website for the Clean Energy Council, you may find one of 3000 certified solar installers near you.
Nut Shell
You can get more information on these rebates on the price of a 5kw solar system in your area on the internet. There are many websites set up by the utility companies notwithstanding private businesses, solar panel retailers, and just your common person impressed by the science as well. The initial cost of setting this up is a little high but with the solar rebates and savings on electric bills, it doesn’t end up to all that much really!
