NATURAL ENERGY BLOG

A Solar Panel Rebate is an initiative from an administration that helps to subsidize the cost of putting panels on your roof. This makes it less expensive for households, business and community groups. The rebate means that installing solar power is more an affordable and viable investment. There are various rebates around the world and they are different in each country. However, many countries now basically have a feed in tariff which partly pays for the cost of installing solar power.
There is a solar rebate in Australia, which consists of Solar Credits, which are an element of the Renewable Energy Target (RET) scheme that was created by the Australian government as a mechanism to promote the creation of renewable energy. The Solar Rebate offers financial assistance to households, businesses and community groups that put up small-scale solar systems, wind and hydro electricity systems.

Solar Credits are given in the way of Renewable Energy Certificates, or 'RECs', for people who have installed a new solar system from 9 June 2009. Solar Credits are given for the first 1.5 kilowatts (kW) of capacity of the system installed. The degree of assistance provided by Solar Credits is based on the price of RECs (which may vary over time) and the site and size of the system.

The new solar panel rebate program means that installing solar power is substantially a more viable investment and a commitment from the government to help reduce the amount of coal fired electricity in the grid. Complementing the rebate, in Australia there are feed in tariffs which subsidize electricity put back into the grid by solar power systems.

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