Solar incentives are offered at a State and National level
Regional and National Solar Incentives
Solar Incentives are offered at a National Level for Carbon emissions emitted over a 15 year period. This is a Government offer that started at 15 years and tapers off each year. Currently, this is a 12 year offering and is an upfront payment which your Solar Installation company deducts from the quotation of your solar Installation.
Within Queensland there are two rebates available, Small-scale Technology Certificates (STC) scheme introduced by the Federal Government, giving those that qualify the option to receive a discount on the total cost of the Solar Panel System by being issued certificates to pass onto the installer. The second rebate available to Queensland residents is the Feed-In Tariffs, where the excess energy produced by your Solar Panels is transferred to your energy providers grid, in exchange for either a discount on energy bills or a rebate. There are two Feed-In Tariffs to choose from: Minimum Flat-rate and Time-varying.
What is the difference between Minimum Flat-rate and Time-varying Feed-In Tariffs?
Creating incentives to go solar
Minimum Flat-rate Feed-In Tariff
Your energy provider will offer you a flat price for the rebate or discount all year round, rather than increasing during peak hours, the rebate rate does vary depending on energy provider and geographic location, with South-East Queensland receiving an average of 10 cents per kW per hour.
Top 3 energy providers and Plans:
Read more about these options, or contact us for more information.
Time-varying Feed-In Tariff
Only available to homeowners living within regional locations. Take advantage of an increase in rates during ‘peak’ hours of the day, which fall between 3pm-7pm in Queensland, with a rebate rate of 13 cents per kW per hour. To help increase the return on investment and reduce the years to achieve this, we recommend installing a Solar Storage Battery to store the excess solar produced during optimal sunlight hours (8am-4pm), which is then exported back to energy providers during peak hours.
Solar Installation: Cost and Payback
These savings can be greatly increased if you use your solar system efficiently. Tesla Electrical can show you how this can be achieved.
Tesla Electrical recommend using high-quality equipment when it comes to your solar Installation. We have done all the hard work for you and choose to use Inverters and Solar panels which will have a greater Return on your Investment. A higher quality product will last a great deal longer, the manufacturers offer a higher quality service and it will have a much greater impact on lowering your electricity bills and having a greater impact on the environment. We only recommend 3 Inverters for different scenarios when it comes to your solar Installation. Having a higher quality system will double your return and last twice as long. Service is also a key factor when Installing solar. Understanding how your system works and being able to understand how you are being charged by your Electricity Retailer will have a big impact on what you pay for Electricity.
Tesla Electrical support our customers through the entire solar process offering an ongoing service to our clientele, making sure that they are getting the maximum benefit from their Solar Installation Investment.
Contact us today.
Benefits for Small Business
Greater savings on your energy costs could mean greater growth in other areas of your business.
Small businesses are entitled to immediate tax deductions on purchases under $20,000. This incentive is available to businesses with a turnover of less that $2 million up until June 2017. With these savings, your return on your solar installation will be less than three years.