In pursuit to persuade more Australian households to install solar panels as a different energy source, the government is supplying major subsidies to households that are investing in a solar systems. The rebate amount a property owner receives depends upon the size of the solar system, the location of the property and the state of the energy market. A guarantee of a rebate has attracted many household owners and business owners to make a shift towards solar energy. Right here is where you can find more on information on making the switch to solar.
For residential properties, the current federal government offers what are known as Small-Scale Technology Certificates or STCs. These are rewards for properties that use renewable energy sources. So, when homeowners invest in an accredited solar power system they will receive STCs in accordance to the size of the system and the properties location.
The STCs are sold to organisations that generate electricity via fossil fuels by the homeowner or their renewable energy service provider. Therefore, residents will obtain an offset on the price on the installation of their solar system. However, the amount of the offset is hard to calculate and is not straightforward as prices can fluctuate due to supply and demand. The more STCs on the market, the less the offset will be. Less STCs on the market means the offset value is likely to be higher.
Additionally, the number of STCs the consumer receives depends on the location of their property. For this scheme, Australia is split into four “zone numbers”. If a residency is in a low zone number it means they will naturally get a great quantity of sunshine and consequently can claim more STCs. If a residency is within a high zone number it won’t receive many STCs. High zone number locations include Tasmania and Victoria, while low zone number locations include New South Wales and Queensland.
For homeowners to receive STCs the solar systems must be purchased and installed by government approved professionals.
Residencies may also be eligible for a feed-in tariff. This tariff is controlled by state governments. It forces electricity retailers to pay homeowners for the electricity sent into the grid that is produced by their solar system. Residential solar systems don’t store electricity, so the excess electricity that is not used by the homeowner is sent back to the electricity grid. The amount the homeowner receives depends on their baseload energy provider and the state in which they live. The size of the system and therefore the average cost will have an effect on this.
Moreover, this scheme allows homeowners to obtain “credit” through what is called “gross metering” and “net metering”
All the electricity produced by the solar panels is sent to the electrical grid. From there homeowners are given reimbursement for every kWh the system provides the grid.
The electricity produced by the solar panels is used by the household’s electrical equipment (such as lights, televisions, refrigerators). Any excess power produced that was not used by the household is sent to the electrical grid. The homeowner’s reimbursement depends on how much excess power was sent to the electrical grid.