Unlocking Savings:
Your Guide to Renewable Energy Rebates and Incentives in Australia
Ready to take control of your energy bills and embrace a greener future? Switching to renewable energy solutions like solar panels, battery storage, and heat pumps is not only good for the planet but also for your wallet. To make your transition even more rewarding, the Australian government offers a range of rebates and incentives that can significantly reduce the upfront cost of your investment.
Why Go Renewable?
Slash Your Energy Bills
Generate your clean energy and say goodbye to those hefty electricity bills.
Increase Your Home’s Value
Solar panels and other renewable energy systems are a smart investment that can boost your property’s appeal.
Reduce Your Carbon Footprint
Do your part for the environment and contribute to a sustainable future.
Enjoy Government Support
Take advantage of generous rebates and incentives designed to make renewable energy more affordable.
Understanding Small-scale Technology Certificates (STCs)
In addition to state-based rebates, you can also benefit from a federal government incentive called Small-scale Technology Certificates (STCs). Think of STCs as a form of discount on your solar power system.
How do STCs work?
- When you install an eligible solar power system, you generate a number of STCs based on the system’s size and location.
- These STCs can be sold to electricity retailers who are required to meet renewable energy targets.
- The value of STCs fluctuates based on market demand, but they can significantly reduce the upfront cost of your solar installation.
How can you claim STCs?
- Typically, your solar installer, like HP Energy, will handle the STC creation and trading process on your behalf.
- The value of the STCs will be deducted from the total cost of your solar system, making it more affordable for you.
Navigating the Incentive Landscape
We get it. Sorting through the maze of solar rebates and incentives can feel like a full-time job. That’s why HP Energy has put together this easy-to-understand guide to help you discover what’s available in your area. From federal schemes to state-specific programs and even local council initiatives, we’ll break down the options so you can maximize your savings and make the switch to renewable energy with confidence.
State-Based Rebates
Victoria
Victorian Solar Homes Program
This program helps eligible Victorian homeowners install solar PV systems, battery storage, and solar hot water systems with generous rebates.
Eligibility: Homeowners with a combined household taxable income of less than $180,000 annually. The property must be valued at under $3 million and have a valid owner-occupier certificate.
Rebate: You could receive a rebate of up to $1,400 for a solar panel system, making it easier than ever to switch to clean energy and reduce your electricity bills.
Victorian Energy Upgrades (VEU)
Want to make your home more energy-efficient and comfortable? The VEU program offers discounts on a range of upgrades, including heat pumps for heating and cooling, energy-efficient air conditioners, energy-saving solar batteries, or clean energy EV chargers.
Eligibility: Victorian residents (homeowners and renters) with an eligible energy account.
Discount: Discounts vary depending on the upgrade and your energy retailer.
New South Wales
Energy Savings Scheme (ESS)
The ESS encourages households and businesses to invest in energy-efficient upgrades by offering financial incentives.
Eligibility: Most households and businesses in NSW are eligible. Specific eligibility requirements vary depending on the type of upgrade.
Incentives: You can receive discounts on a variety of products and services, including more efficient appliances, insulation, and lighting. This scheme helps you save money on your energy bills while reducing your environmental impact.
Peak Demand Reduction Scheme
Help reduce pressure on the electricity grid and get rewarded for it!
Eligibility: Help reduce pressure on the electricity grid and get rewarded for it!
Incentive: The Peak Demand Reduction Scheme offers incentives to households that shift their energy usage away from peak demand periods. By participating, you can earn credits on your energy bill and contribute to a more stable energy system.
