Take advantage of Queensland’s various rebates and go Solar!
In 2023, solar panels are a great investment regardless of how much power you make use of. The bottom line is that solar panels are a great investment in Australia, given their cheap cost, savings, and payback time.
In Queensland you will get a more substantial solar rebate than residents of southern states like Victoria because all locations of Queensland are subjected to a high abundance of sunshine hours. This makes it appealing to buy solar. The payback time frame on your solar systems can be as short as 3.5– 4.5 years.
Finding your place within the Solar Rebates in Queensland
If you reside in Queensland, and are tired of high energy prices, think about changing your energy system to solar. Let us walk you through why you need to take the opportunity and not stress over the perception of the high cost of solar installation. Going solar is super cost effective thanks to solar rebates and incentives. Solar systems are substantially less expensive than they were in previous years. Feed-in Tariffs (FiTs) and Small-scale Technology Certificates (STCs) are at the moment the only QLD solar rebate incentives.
How feed-in tariffs (FiT) work in Queensland
Energy produced by your solar system is converted to electrical energy and used in your house. Any electrical power that isn’t made use of can be exported to the power grid. You might be qualified for a payment for the exported electricity. This payment is called a feed-in tariff.
If you live in South East Queensland, you may get a market feed-in tariff straight from your electricity seller. There is no mandated rate for power exported to the grid so electricity sellers offer competitive, market-based tariff rates. This indicates you must search for the best deal.
If you reside in local Queensland, you can access a regional feed-in tariff.
The previous Solar Bonus Scheme feed-in tariff is not available to recent clients.
How Small-scale Technology Certificates (STCs) work in Queensland
STCs belong to the federal scheme which rewards clients with a form of QLD solar rebate. If you install solar panels or a solar hot water system, you will receive a several certificates that can be sold on an open market or offered to your solar installer for a hefty discount rate on your system.
The cost per certificate shifts with supply and demand, though it generally sits around the $35 mark. The number of STCs you will receive will depend on the systems size, in addition to your area. The country is divided into STC zones 1 through 4, with zone 1 having the greatest STC reward. As the image shows, solar clients north of the Sunshine Coast get the most STCs. Inland Queenslanders will earn the 2nd most and South-East Queenslanders, the least.
How much are STCs in Queensland and how is it calculated?
There isn’t a fixed amount– the pricing of STCs shifts according to market conditions and demand. The fluctuation in STC prices is also mainly due to the fact that the cash does not come directly from the Australian Federal government. The STCs are traded on the open market (typically through brokers) as part of a program incorporated into the Federal government’s Renewable Energy Target.
At the moment, the ‘rebate’ turns out to be roughly around $440 per kW set up (about $35 per STC). Your location, system size and date of installation will establish the number of STCs you are eligible for. The total ‘rebate’ you receive will depend upon the cost of STCs at the time of install.
The listed below figures are quotes for STC rates since July 2022 in South East Queensland. It is to be used as a guide only.
Solar System Size
Variety of STCs
Price quote total worth of STCs for 2023
Solar System Size | Number of STCs | Estimate total value of STCs for 2023 |
3 kW | 37 | $1,250 – $1,350 |
5 kW | 62 | $2,150 – $2,250 |
6.6 kW | 82 | $2,800 – $2,900 |
8 kW | 99 | $3,500 – $3,600 |
10 kW | 124 | $4,350 – $4,500 |
How much is the Federal Solar Rebate worth in Queensland?
QLD solar rebates can cut the cost of your solar panels by as much as a third. The QLD Solar Rebate for a 5kw system on the Sunshine Coast sells for a total cost of $8,500 while the solar panel rebate is around $2,812. The net system expense ends up being $5,688. The rebate that you get differs according to the size of your solar system and your place in Queensland.
Another kind of incentive you will get as a Queensland homeowner is a solar feed-in tariff. The feed-in tariff, or solar buyback, is the quantity you receive for every single kWh of power your system exports back to the grid. Typically, rates range from 8- 12c.
Solar Rebates for Businesses in QLD.
Commercial solar properties in Queensland that make use of solar power can take advantage of numerous rewards. Feed-in Tariffs, Small-scale Technology Certificates (STCs), and the Retailer Energy Productivity Program (REPS) are just a couple of examples. By lowering the cost of installation, these QLD solar rebate incentives motivate making use of solar power and can save your home or company massive cost savings every month.
QLD Solar Rebate FAQs.
Are solar rebates worth it?
Savings, expense and solar panel payback in 2023.
A 6.6 kw system will produce cost savings between $1,400– $2,500 (in some cases a lot more) depending upon just how much electrical energy you make use of and when you use it. Payback time periods also vary according to electricity usage practices and other variables like your area, roofing orientation and tilt.
Do I qualify for solar rebate Qld?
If you live in Queensland, you can get a solar panel rebate from the Australian federal government. Any purchase of solar panels will qualify for the rebate so long as the modules and inverter receive approval by the Clean Energy Council and; a CEC certified installer performs the setup.
What is the current solar rebate in Qld?
What solar panel rebates are offered in Queensland? In 2023, Queenslanders can get solar rewards worth on average $2,772 for a basic 5kW solar system set up under the national SRE program. It is used as a discount rate at the point of sale to decrease the cost of going solar.
How do I calculate my solar rebate?
Calculate solar rebate by making use of the following formula: Total Solar Array Combined Wattage x 1.382 x the current STC multiplier of 10-years/ 1000. The resulting number is the max STC’s one is entitled to. Multiplying the number of STCs with the present market price will offer the rebate amount. You can also check out our Solar Panel Calculator to estimate how much you will save.
Are there still solar rebates in Qld?
In 2023, Queenslanders can get solar bonus worth usually $2,772 for a basic 5kW solar system installed under the nationwide SRE scheme. It is applied as a discount rate at the point of sale to minimize the cost of going solar. There are likewise Feed-in tariffs available for homeowners who own solar.
Who gives the best solar rebate in Qld?
Which company has the very best solar feed-in tariff in Qld? Several sellers have a fantastic solar feed-in tariff in Queensland at the time of publishing, with a generous.10 cents per kilowatt hour (kWh) available to qualified consumers. Contact us to chat with one of our solar experts.
When did Qld solar rebate end?
The Solar Rebate ends on 31st of December 2030.
The current Queensland government solar rebate program is anticipated to end on the 31st of December 2030. There were also previous rebates and incentives, such as the Solar Bonus Scheme, which stopped accepting new consumers in 2012.
The STC rebate is set to end by the end of 2030. As the deeming period for solar systems is scaling down by 1 year every year until 2030, this means that the quantity of applicable STCs you will receive for your solar system installation will also lower each year.
Does Qld have a solar battery rebate?
There is currently No home solar battery rebates on offer in Queensland as the government opts for large-scale projects to invest in.
How much is a 6.6 kW solar system in Queensland?
A typical Good quality 6.6 kW solar system in Brisbane will range anywhere in between $6600-$ 8000 for a standard installation.
Just how much is the solar feed-in tariff in Qld?
9.3 cents per kilowatt-hour.
Regional Queenslanders Have Actually A Set Feed-in Tariff.
For the 2022-23 financial year, the feed-in tariff rate will be boosted 41% to 9.3 cents per kilowatt-hour.
In local Queensland, it used to be that the biggest system you could have installed in order to qualify for feed-in tariffs was 5kW (inverter capacity).
Who gives the best solar feed-in tariffs in Brisbane Queensland?
The table below present the best solar feed-in tariffs offered in Brisbane Queensland:.
BEST QUEENSLAND FEED-IN TARIFFS.
Ergon Energy | 8c |
Energy Australia | 10c |
Dodo Power & Gas | 8c |
Red energy | 9c |
AGL | 10c |
Do I need council approval to install solar panels in Qld?
Seek approval from your property owner, park manager or body corporate to install a system (if applicable).
If you have any questions about the QLD Solar Rebates don’t hesitate to contact us. We can help you understand how much you will save when installing your new Solar Panel System.