ADVERTORIAL
Thousands of Homeowners Are Applying For New Government Funding to Install Solar
IAIN ADKINS | Contributing Economics EditorLast update: 13th May 2024
3-min read
Warning! Do not pay your next power bill until you have read this
There is a simple inconvenient truth your power company doesn’t want you to know. There is a policy that qualifies homeowners who live in specific postcodes to be eligible for $1000s of Government funding to install solar panels; the PV Small Technology Certificate (STC) Subsidy*.
Why doesn’t your power company want you to know about this? Because it can drastically lower your power bill and cost $0 up front to install.
The subsidy is primarily based on a specific part of the Federal Government’s Renewable Energy Target (RET) legislation, and is primarily designed for homeowners to install solar panels on their roof.
The financial benefit generated from STC’s is generally included in the advertised solar package costs and offered as a point of sale discount. Ultimately, this saves you the hassle of having to claim the subsidy yourself and also reduces the initial capital outlay.
When it comes to solar power, the questions households need answered are as follows:
2. Can I eliminate my power bill?
3. Is my home suitable for solar?
4. What will it cost me?
Here is how much rebate is available for a 6.6kW solar system in various states:
- Adelaide, Brisbane, Canberra; Sydney: $3,750*
- Melbourne, Hobart: $3,225*
- Darwin: $4,387*
Before solar |
After solar |
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| Source: 3Quotes, 2 March 2022 | |
Until recently, solar panels cost tens of thousands of dollars to purchase and install, and the cost outweighed the benefit. Now with generous Government rebates combined with improved low cost solar technology, installing solar has become attainable to almost every Australian homeowner.
What if I don’t put solar on?What if I don’t put solar on? If you don’t put solar on your house, you are effectively paying for your neighbours' solar system through your higher power bills. As more and more people install solar, the houses left without solar end up paying more for their electricity, so that the energy companies can continue to make their usual profit amount.
What are the next steps to take to go solar?There are massive variations in design and pricing in the solar market and a really smart way to protect yourself from the sharks out there is to source and compare three independent quotes for solar. 3Quotes is a free online service that organises three solar companies to provide a free measure and quote for solar.
What about financial assistance for solar?There are many companies that offer special finance options that are perfect for families looking to install solar with little or no impact to their current budget. This is achieved by offsetting the loan repayments against the savings generated by the system. With most companies not requiring a deposit, this means you can enjoy solar savings even faster.
How do I see if I Qualify?
One of the most trusted, secure and effective free online service that provides homeowners with
fantastic value is 3QuotesTM.
Over 250,000 homeowners have already trusted 3QuotesTM to get
quotes
on solar.
Get three independent quotes for solar by simply following these two steps:
Step 1: Click your state on the map to instantly check your postcode for free
Step 2: Once you go through a few questions, you will have the opportunity to compare quotes in your area. Select your state below:
