Some systems can be expensive and any problems with installation or repairs can add significant extra cost. You should also consider how rebates and feed-in tariffs will contribute to the return on your investment. Carefully research company names, products and potential rebates before signing a contract for a solar energy system. A typical 4kW kilowatt solar panel system can help an average household make significant savings on their annual electricity bill.
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This will reduce your electricity use but you will still need to draw the rest of your electricity from the state electricity grid. The amount of electricity solar panels generate depends on several factors, including the climate, the angle and size of the panels, and whether they are installed on a north-facing roof. You should consider all of these factors when you weigh up the costs of a solar panel installation.
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Small-scale technology certificates, commonly called 'solar credits' or 'solar rebates', are tradeable certificates provided by the Commonwealth Government as an incentive to install renewable energy products, such as solar panel systems. The most common way to get these certificates is through a registered agent, such as a solar panel company. The company gives you an up-front discount off the cost of the system, or an equivalent cash payment, and then seeks reimbursement of the discount from the Government.
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Alternatively, you can create and trade these certificates yourself. The number of credits and the discount or cash payment amount you receive will depend on the installation location and the amount of electricity in megawatt hours MWh the system will generate over 15 years or by - whichever comes first. One certificate is equivalent to one megawatt-hour of electricity production over that period. The solar panel installer should give you this information before you sign the contract. For more information on solar certificates, visit the Claiming small-scale technology certificates page on the Clean Energy Regulator website.
Eligible households and landlords can apply for solar rebates and interest-free loans from the Victorian Government. Rebates available include:. For more information and to check your eligibility, visit the Solar Victoria website. Do not rely on any statements that you will receive the rebate, unless confirmed by Solar Victoria. Beware of scammers claiming to be from the Victorian Government or Solar Victoria and requesting bank account details, or pressuring you to pay a deposit over the phone.
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For more information, view our Rebate scam page. Research the name and reputation of the business and confirm eligibility to apply for a rebate before signing a contract or paying a deposit. If you paid by credit card and can no longer contact the business, consider asking the card provider for a chargeback.
For more information, view our Chargeback page. A solar feed-in tariff is a payment you receive via your electricity retailer as a credit on your bill for the excess electricity that your solar energy system produces and feeds back into the state's electricity grid. For example, at certain times of the day your solar panels may be producing more electricity than your household is using. If it is a bright sunny day the system will be generating electricity , but no one is at home so energy consumption is low , your system may be producing excess electricity.
By feeding this excess electricity back into the grid, you can gain financial returns through feed-in tariffs. All electricity retailers with more than 5, customers must offer consumers the option of a single rate tariff , which is set at a minimum rate of 12 cents per kWh for They may also offer different packages and terms and conditions, such as a 'time varying' tariff. Customers who choose this option will be credited a minimum of between 9.
For information on the tariffs, visit the Minimum feed-in tariff page on the Essential Services Commission website. If you have been unable to resolve a problem or complaint with an energy retailer or distributor, or feed-in tariffs are not being applied to a bill, visit the Energy and Water Ombudsman EWOV website or call Skip to content Skip to main navigation Skip to footer.
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For residential customers in Victoria, the time of use TOU FiT will pay varying rates that better reflect demand on the grid at different times of the day. If you're a new customer call to switch your plan or electricity to EnergyAustralia. Contact us. Read more. Find out more. Solar rebates and feed-in tariffs. There are two main types of rebates that customers with solar power can be eligible for: Small-scale Technology Certificates STCs STCs are electronic certificates created when eligible solar power systems or solar water heaters are installed.
Government rebates Governments may offer rebates to support solar panel installations. Need help with solar at home?