Solar Energy Rebate: Important Facts to Save You Money

The Australian government has been rolling out a solar energy rebate plan in attempt to increase the use of renewable energy across the country. This solar energy rebate is not just good news for the environment; it is also good news for you as a consumer or homeowner.

There are many different facets to the solar energy rebates. This guide will explain the facts that you need to know to save money on your energy bills and take advantage of government offers and solar power rebates.

Why Choose Solar Panels for the Solar Energy Rebate?

Save Money – A 1Kw solar power system can save the average family 25% – 30% of annual electricity bills, plus solar energy rebates and credits from the government.

Earn Money – Sell the excess solar power generated by your system back to your electricity supplier.

Avoid rising energy prices – As electricity rates rise rapidly, the price of the sun will remain free.

Reduce dependence on fossil fuels – Use renewable energy to reduce your carbon footprint

Solar Hot Water Rebates

Solar hot water rebates are being offered to consumers who have a professional installer install a solar hot water system in their home after 20^th February 2010 and prior to June 2012. The Australian government solar rebate of $1000 is supplemented by state rebates, such as the additional $300 available for solar rebates NSW. Those eligible for a solar panel rebate must apply directly to the federal and state governments in order to receive solar hot water rebate funds.

Solar Panel Rebates

The government has recently introduced a new scheme for solar panel rebates. If you install a small-scale photovoltaic solar panel system for electricity to your home, business or community group after 9 June 2010, you may be eligible for Solar Credits or RECs.  The number of Solar Credits created for a system will depend on the amount of renewable energy the system generates. The value of RECs can vary over time and location, but it is possible to get an idea of how you would benefit from the RECs for solar energy rebates. The following are examples of the amounts that a solar PV system would receive in Sydney, Newcastle, Perth, Adelaide, Brisbane or Canberra, based on a $30 REC value:

1.0 kW Solar PV System:    $3,090 (103 RECs)
2.0 kW Solar PV System:    $4,950 (165 RECs)
3.0 kW Solar PV System:    $5,550 (185 RECs)

Go Solar and Save Money!

The solar energy rebates and credits available from the government, along with the reduction in energy bill prices, will save your family money throughout the entire lifetime of the system (which averages about 25 years). Those decades of savings amount to a considerable amount of cash in your pocket. Between the earth-friendly aspects of solar energy and solar power rebates, choosing solar is an easy decision that will benefit the earth and your wallet for years to come.