Rebates & Incentives – Madison Australia

Rebates (STCs) & Incentives (FiTs) Explained

With Federal Government rebates (STC’s) towards the upfront installation cost & Feed-In-Tariffs (FiT’s) in many States, there’s never been a more affordable time to go Solar.

 

Solar is becoming more affordable every day, even after rebates, a system will generally pay for itself in just a few short years; it’s one of the best ways to insure yourself against the inevitable rise in electricity prices for years to come.

 

And probably the most reliable investment you can ever make – if you purchase a quality system.

 
 

Small Scale Technology Certificates (STC’s)

The Federal Governments Renewable Energy Target program allows for up front financial support through Small Scale Technology Certificates STCs. 

Madison takes care of all the required paperwork and applications for you and we offer daily point pricing for your STC’s as a pre-purchase discount, we make the whole process truly easy for you.

The amount of STCs received increases with system size, however this is not linear. The calculation of STCs also varies per state, with higher STCs received in the regions with more sunlight.

The STC’s are a traded commodity, therefore the prices change constantly, Madison forescasts the cost a few weeks in advance to keep pricing stable (they may go up or down in value).

Important Notice:

Currently the Liberal Government is trying to abolish the Renewable Energy Target (RET), and therefore the STC scheme, however there seems to be a lot of pressure not to do so. If the STC were to be cut, we feel this will happen very quickly, without much or any warning.

Our best advise at the moment is to protect yourself with a contract, pay a fully refundable deposit and be installed as quickly as possible, in the event that the scheme is abolished.

The average saving on a 6kW system in Solar Zone 3 (ACT, NSW, Northen VIC, QLD, SA) is currently $3,050, which is a very considerable amount.

 

Eligibility

STC’s are available to all households, communities, organisations and businesses under 100kW in system size. Systems over 100kW – LGC’s work in much the same way as STC’s but are payable over a fixed time frame.

Call Madison on 1800 981 660 and any of our Solar Experts will be able to tell you immediately the value of your STC’s rebate for your system size and location.

 

 

Feed-in-Tariff’s (FiT’s)

Around Australia there are a variety of FiT programs that reward you for excess energy that you export to the grid.

How much benefit you’ll get from these FiT’s depends on your individual situation; your energy demand, the time of your demand and when you install your system.

Even though the FiT’s may appear smaller in some States, some electricity retailers offer additional voluntary FiT’s and incentives for switching over to them if you have a solar system.

At Madison, we are experts in working out exactly how to get you the best deal,  speak with one of our consultants who will assist you with this, with no obligation.

 

The following table summarises the current FiT schemes available around Australia (subject to change):

 

 

 

 

Eligibility

Feed-in-Tariff’s are available to households, community organisations and small businesses

The rules and eligibility for FiT’s varies State-by-State and over time.

Below, you will find a list of all the relevant State departments where you can check your eligibility.

 
 

Queensland

Click here for State Legislation

 

South Australia

Click here for State Legislation

 

Victoria

Click here for State Legislation

 

Tasmania

Click here for State Legislation

 

Australian Capital Territory

Click here for State Legislation

 

New South Wales

Click here for State Legislation

 

Northern Territory

Click here for State Legislation

 

Switching Electricity Companies

In most States you are able to switch electricity companies or contracts and continue to receive the FiT rate once you have established your eligibility. Before switching, check if there are any exit fees under your existing contract.

 

Moving House

Tariffs are linked to the property where the solar panels are installed, so when moving house a customer cannot take the Feed-in-Tariff with them. Although you can of course re-install the system at a new property.

 

Call one of our Solar Energy Experts on 1800 981 660 who will answer any questions you may have regarding rebates, tariffs or any other Energy related issues.

 

Fun Energy Facts

 

  • Natural gas has no odour. The smell is added artificially so that leaks can be detected.
  • Silicon from just one ton of sand, used in photovoltaic cells, could produce as much electricity as burning 500,000 tons of coal.
  • Enough sunlight falls on the earth’s surface every hour to meet world energy demand for an entire year.
  • One wind turbine can produce enough electricity to power up to 300 homes.
  • The largest wind turbine in the world, located in Hawaii, stands 20 stories tall and has blades the length of a football field.
  • The first modern wind turbine was built in Vermont in the early 1940s.
  • In 200 B.C., people in China and the Middle East used windmills to pump water and grind grain.
  • More than 75% of ACT home energy is used for space and water heating.
  • In the 1830s, the British astronomer John Herschel used a solar collector box to cook food during an expedition to Africa.
  • More than half of ACT homes have gas space heating, but two thirds have electric water heating.
  • A cow farts about 600 litres of methane gas everyday. That is enough to fill up 40 (rather stinky) party balloons.
  • Central air conditioners use about 98% more energy than ceiling fans.
  • A cesium atom in an atomic clock beats over nine billion times a second.
  • The electric chair was invented by a dentist.
  • Thomas Edison, the dubious light bulb inventor, was afraid of the dark.
  • The second most used metal in the world is copper.
  • The electric toothbrush was invented in 1939.
  • The temperature in a flame is lower close to the source and highest near the top.
  • It was an Australian meteorologist who first began to give tropical storms women’s names at the end of the 19th century.
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