How Much Is The Rebate I Get?
Currently, the Federal Government under the Federal Government Scheme will subsidise approximately $630 for every kW you install. For a standard 5 kW renewable energy solar system, you can get a subsidy of up to $ 3,150.
The financial incentive should encourage everyone to create our own small-scale renewable energy system. Greenhouse gas emissions are getting worse and global warming is getting more advanced each year.
The subsidy amount mentioned above is not a fixed amount. The value fluctuates depending on the supply and demand. Current legislation also states that the rebate is reduced by 1/15 every year until it reaches $0 by the year 2032. One cannot predict how much installation and the small-scale technology certificates will cost each year but we can show you how much it will cost today. Click here for a quotation!
As an additional incentive, the government allows feed-in tariffs to encourage individuals and small businesses to join the program. Feed-on tariffs will pay you for excess electricity your renewable energy system generates and feeds into the main grid.
The feed-in tariff for regional Queensland is set each year by the Queensland Competition Authority (QCA). As of July 2020, the feed-in tariff rate is $0.07861 for every kilowatt-hour.
Interest-free Solar Loans
The Queensland Government is dedicated in making electricity affordable for everyone. Most businesses can afford the upfront capital but most households may have a hard time. This is why they provide interest-free loans so everyone can afford to install a small-scale solar energy system. This loan should help every Queensland household take control of their electricity consumption.
Each Queensland household can apply for up to $ 4,500 in solar loans payable for up to seven years in affordable monthly payments, no interest, no fees and no charges for the life of the loan.
There are three solar loan packages available:
- Loans for Solar systems
- Loans and grants for battery systems
- Loans and grants for combined solar and battery systems.