Solar energy is an extremely good renewable energy tool for curbing those exorbitant monthly utility bills. In an attempt to be somewhat less reliant on power grid supply, a significant proportion of homes and organizations are planning to put solar panels on their premises.
The government has taken the initiative to motivate people to transition to renewable solar energy sources rather than conventional sources of energy.
The Federal Government's solar rebate, explicitly identified as the Small-scale Renewable Energy Scheme (SRES), authorizes Australian individuals and business owners to substantial savings when having installed eligible small renewable energy sources (under 100kW), such as photovoltaic solar and solar water heater mechanisms.
The extent of the rebate is determined solely according to how many small-scale technology certificates (STCs) a solar system counts for. The more STCs a solar system obtains, the larger it is.
Victoria citizens are eligible for benefits for Either of the following Solar Homes Program incentives in conjunction with the federal government's SRES subsidy:
- Rebate on solar panels.
- Rebate for solar hot water.
- Solar for Renters.
- Subsidies for Home Batteries.
Approximately the length of ten years, the Solar Homes initiative will finance the implementation of over 650,000 solar PV systems for householders, 50,000 solar PV systems for renters and landowners, 10,000 solar batteries for homes, and 60,000 solar hot water systems.
What is the Home Battery Subsidies Scheme?
For 10,000 houses with solar panels previously fitted, a solar battery rebate of up to 50% of the cost of installing a solar battery storage unit, up to $4,174, are readily available.
The new Battery Rebate will commence as a Battery Pilot Rebate Scheme, with only specially handpicked postcodes eligible for enrollment.
What does it indicate that only particular postcodes are eligible to apply?
Although the list of appropriate postcodes for the home solar battery scheme may vary from time to time, the present list was established based on the following factors:
- Households with installed solar PV systems are prominent across several postcodes.
- In a location where the energy grid can handle the additional electricity supplied by the battery.
What are the prerequisites for eligibility for the home solar battery scheme?
- According to the Australian Tax Office's Notice of Assessment (NOA) from last year, the owners' total household taxable income should be less than $180,000 annually.
- An existing piece of property with a worth of less than $3 million.
- Solar panels (PV) have previously been fitted.
- Solar Victoria has designated the site as located in a planned growth area.
What are the steps for registering for the program?
Solar Victoria is a one-stop online service for solar suppliers and users to conduct rebate applications. To partake in the Solar Homes initiative, the Solar Provider must be officially listed with Solar Victoria. For consumers who choose not to utilize the internet, limited refunds will be designated for physical submissions.
After the installation is finished, the Solar Provider will present the client with the subtracted rebate sum, which the Solar Provider will be eligible to obtain through the website.
To summarise, given the rapidly disappearing resources and strain on the environment, as well as the government's economic materials, now is the best moment to shift from traditional power sources to solar energy.