How Does The Solar Rebate In QLD Work?
The Australian government has encouraged the use of solar and other forms of renewable energy for the last decade. State governments are also doing the same. Queensland, the sunshine state is among the leading states in terms of solar uptake in Australia. Over 30% of QLD households have installed solar photovoltaic systems.
Queensland solar rebate program is two-pronged. It has a small-scale technology certificate program that discounts solar panel purchases. It also has a solar feed-in tariff system to help offset the household electricity bill.
The Queensland government solar incentive programs have been successful in getting more Queensland residents to install solar systems. They help to significantly reduce the cost of solar power systems and make them attractive to more people.
Small Scale Technology Certificates
Small-scale technology certificates are a discount offered by the government through accredited solar installers. The STC rebate is also known as the small-scale renewable energy scheme.
STCs are electronic money allocated to you when you buy a solar system from Clean Energy Council accredited solar installer. The STCs have a monetary value that translates to a discount at the point of purchase and installation of your solar panels.
You can get accredited solar installers from GoSolarQuotes. Enter your zip code and the type of work you want to be done. You will then get three no-obligation quotes from accredited solar installers. This tool makes it easy for you to budget and settle on the best solar installer for your household rooftop PV system.
As a government solar rebate, the STCs are an effective incentive as it reduces the upfront costs of installing a solar PV system.
How Does The Small Scale Technology Certificates Solar Incentive Work
The number of small-scale technology certificates issued to solar customers vary depending on the size of the solar systems installed. A higher capacity solar system is issued with more STCs.
This means that a larger capacity solar PV system has a larger discount than a smaller capacity solar system. Thus, STC provides large solar savings to households installing solar panels.
For efficient management of the STC solar program, Australia is divided into four zones. These zones are classified depending on how much sunshine they get. Zones with higher sunshine hours are allocated more small-scale technology certificates as each solar power system can produce more electricity.
Queensland enjoys more than seven hours of sunshine daily and is in zone 1. Thus, Queensland solar customers enjoy higher discounts in the form of STCs for every solar panel system installed.
Queensland solar PV panels are eligible to gain more STC than in other regions. STC are awarded depending on the capacity that a PV panel is likely to produce between now and 2030.
STCs are also earned from the installation of solar water heaters and other solar products.
What Is The Price Of A Small-Scale Technology Certificate
Small-scale technology certificates are traded in the open market. Their price is pegged on the market value of carbon and is mostly determined by forces of demand and supply.
Queensland Government Solar Feed-In Tariff
The other component of the Queensland solar rebate is the solar feed-in tariff.
Solar feed-in tariffs in QLD are set payments made by electricity providers to solar panel system owners that produce excess electricity and export it back to the electric grid.
As a rebate, solar feed-in tariffs help to offset any energy bill accrued if you use electricity together with solar energy.
How Do Solar Feed-in Tariffs Work
When a household installs a solar PV system, the solar panels on the roof capture sunlight and convert it into DC electric power. The inverter in the solar power system then converts the DC into AC that is usable in the household.
Where the solar power system produces more power than is required, the excess power is exported back to the grid. To get paid for the exported electricity from your system, you will need to be in a formal agreement with an electricity retailer.
Different electricity retailers pay different amounts for the solar feed-in tariffs. Since the amount paid in tariffs is in cents/kWh, most households use it to offset their electricity bills.
Solar Feed-in Tariff In Regional Queensland
In regional Queensland, solar power users with excess power enjoy a regional feed-in tariff. The regional feed-in tariff is a flat rate paid by prominent regional energy retailers. Regional solar power users exporting their excess power to the shared electricity grid earn 9 cents per kilowatt-hour.
You can also choose to get paid depending on the time you export your power. Electricity exported at peak times earns 13 cents while that exported at off-peak times earns 5.7 cents/kWh.
In South East Queensland, your electricity provider pays a voluntary feed-in tariff to owners of solar panel systems.
Solar Bonus Scheme
The solar bonus scheme is a QLD solar incentive scheme that is currently not accepting new customers. This scheme was introduced in 2008 and discontinued in 2012.
Existing customers earn a high 44 cents/kWh feed-in tariff.
Interest-Free Loan For Solar Panels
Queensland residents can also take advantage of a federal-state solar rebates scheme that offers interest-free loans for solar panels purchase.
When you get the loan, you have up to nine years to pay it back. By this time, you have recouped the investment in solar panels pay through large savings on your electricity bill.
Solar Battery System
Solar batteries are batteries that are part of the solar energy system. A solar battery system consists of solar panels, an inverter, and a battery. Solar batteries store the excess energy generated by a solar panel system.
A solar battery system allows you to make savings on your bills and at the same time become energy independent. By being energy independent, you can have power during a blackout and at times of high demand on the grid.
The Queensland government’s solar battery rebate can assist the average household make large savings on energy prices. Solar battery systems help to reduce reliance on electric energy and eliminate electricity bills.
By installing solar a household can make significant savings. First, the electricity bill is almost non-existent. By using solar energy to run your home appliances, you may not need electric energy in your home.
Additionally, if you earn from feed-in tariffs, you can make additional savings on your energy bills.
When buying solar panels for your home, you can combine the federal government solar rebate and Qld solar rebates to make significant savings of up to $3,000 for a 5KW solar energy system.
The Australian government solar rebate exists to make solar systems affordable for as many as possible.
To earn high feed-in tariffs, you need to carry out extensive research on the highest-paying electricity provider. Get into an agreement with them before or as you install your home solar system. Different electricity providers pay feed-in tariffs at different rates. Thus it is important to look around before you accept the first offer.
Eligible customers of the QLD solar rebates must purchase their solar PV system from accredited solar installers to qualify for the rebates. They can buy solar heat pumps or a solar hot water system and qualify for large discounts when installing solar panels in their homes. The Queensland government wants more households using PV systems.
The clean energy regulator advises and educates the public on the need for the adoption of green and renewable energy such as solar. The office will also provide further information on how to access state government rebates in south east Queensland and in any other part of Australia. They will advise on where you can apply for the solar interest-free loan on the Queensland sunshine coast.
A recent study by the University of Queensland indicates that you should mount your solar PV panels at 26 degrees on your roof. By mounting them at this angle, the sun hits them at 90 degrees. When this happens, they can absorb more of the sun’s energy and convert it into electric current effectively.
As a result, your home will enjoy more power. IF you are using your system during the day when PV production is optimum, you can run as many appliances as possible. You can also export lots of excess energy to the grid.
If you have a battery, you can store more power to use when there’s little sunshine either at night or on cloudy days.
Author: Ben McInerney is a renewable energy enthusiast with the goal of helping more Australians understand solar systems to make the best choice before they purchase. Having an accredited solar installer in the family helps give Ben access to the correct information, which allows him to break it down and make it easily understandable to the average homeowner.