7 Reasons why this is the best time to install solar panels

solar rebate victoria

There is no better time to install solar on your roof than ever. Victorian government as well as the federal government have put in place several ways to help you in with rebates schemes. Here are seven of many reasons that we think this is the best time to install solar on your roof.

  1. Victorian Government Rebate

Victorian government will rebate $1850 towards eligible new rooftop solar installations under solar rebate Victoria 2020. This is a great advantage that you don’t want to miss out. And it’s a slight reduction from last year and it believe to be reduced again next year. For more information and eligibility criteria please visit https://www.solar.vic.gov.au/solar-panel-rebate

  1. Interest free loan

Eligible customers can apply for interest free loan from Victorian government up to the amount of the solar rebate which is $1850. This is totally interest free and you can repay by instalments, which require minimum payment of $19 a month. For more information about interest free loan please visit https://www.solar.vic.gov.au/interest-free-loans-solar-pv. At Renewable Solar we provide interest free easy payment options as well, please get in touch on 1300 073 310 for more information.

  1. STC (Small-Scale Technology Certificate) Rebate

Under the Small-scale Renewable Energy Scheme, eligible small-scale renewable energy systems are entitled to a number of small-scale technology certificates.

The number of certificates that can be created per system is based on its geographical location, installation date, and the amount of electricity in megawatt hours (MWh) that is:

  • generated by the small-scale solar panel, wind or hydro system over one or five years, or a single maximum deeming period, or
  • displaced by the solar water heater or heat pump over the course of its lifetime of up to 10 years.

As a guide, one certificate is equal to one megawatt hour of eligible renewable electricity either generated or displaced by the system.

According to this calculation, the more you wait to install your solar panels the number of STC’s your system is eligible to claim is reduced, hence your rebate will be reduced drastically.

Reference: http://www.cleanenergyregulator.gov.au

  1. Australian household uses more energy than ever been

Since the covid-19 pandemic hit Australia, the Australian household energy usage has gone up significantly. Working from home, home schooling and moreover staying home has contributed to this significantly. If you have already got the “bill shock”, or to avoid it, there is no better time than this to install solar to reduce your electricity bill.

  1. In Australia, solar panels produce more energy from September – March

Solar panels generate electricity using sunlight, longer sunny days from spring to early autumn the power production is at high capacity.  To get high return on investment quickly from your solar panels it’s the best time to install solar.

  1. Solar panels cost all time low

Competition among solar retailers are ever so high. Not only among retailers, there are numerous manufacturers entering the market each day.  So the price of the solar panels and other solar equipment’s has gone down significantly. We at Renewable solar runs a special promotion between September-March, please call us on 1300 073 310 for more information.

  1. Help reduce carbon emissions – go green

Average Australian household produces 18 tonnes of carbon footprint each year. Depends on where you live, this could be varying from 3 tonnes and up to 30 tonnes or more. By installing solar is one of the best ways to reduce carbon production. Think about the nature, the environment and help as much as you can. Installation of solar panels not only an investment, it’s harnessing the environment as a responsible human being. 

Subscribe for our blog