Australia’s Solar Rebate In 2022: What’s Ahead?

Using clean-sourced energy – solar has become increasingly popular in Australia, and the reasons are obvious – to reduce utility bills and limit individual CO2 footprints.

According to the Australian PV Institute’s National Survey of PV Power Applications in Australia report, Australia installed a record 360,000 rooftop systems in 2021, with a remarkable 40% increase on the previous record of 2020!

Such impressive growth with solar installation only justifies why Australian homeowners (and commercial businesses) are shifting from their typical off-grid electrical system to robust solar solutions and considering calling the best solar installers in Melbourne.

Part of this remarkable growth with solar installation is also because of the solar VIC rebate that allows homeowners to install solar PV panels at an affordable cost and enjoy the benefits associated with it. With only a few days left for 2022, it’s crucial to know what solar rebate – for your solar installation – will mean to you.

In this article, we will cover all the critical aspects of solar rebate 2022 and things you can expect from such programs.

Australia’s Solar Rebate

What Can You Expect From Solar Rebate 2022?

Solar rebate has been one of the key factors in helping homeowners to choose affordable solar systems. The government initiated subsidy is one of the reasons for achieving more than 3 million solar system installations to date, and the numbers are only increasing. If eligible for the program, homeowners can buy the solar system at an affordable and cost-effective price. Almost one-third cheaper than the actual cost of installation, to be precise. Solar rebates can reduce thousands of dollars for a residential solar installation and up to tens of thousands of dollars off for a commercial solar system that has less than 100 kW capacity. 

Ever since 2017, there has been an evident fall on the solar rebate, and experts predict that the price may drop to zero by 2031. Continuing with the remarkable journey, you can expect some great outcomes on solar rebate 2022. 

How Much Will The Solar Rebate Reduce In 2022?

The amount of solar rebate on solar panel installation depends on various factors, including the year of installation, solar PV panel capacity, and place of installation. Another critical factor that can affect the number of solar rebates is STCs (Small-scale Technology Certificates). The value of STCs are not stable and fluctuate according to the market demand. For instance, you can expect solar rebates to be around $320 less than current on a 6.6 kW system – with current STC value – by January 2022. Installing a tier-one quality solar system can offer you countless benefits – including saving thousands of dollars – in the coming years. 

best solar installers in Melbourne

So, Should I Invest in a Solar System?

Investing in a premium quality solar system from leading solar brands will offer value for your money in future. Ideally, you should plan to invest in the solar system because of the countless financial and environmental benefits it offers. Most homeowners have to deal with their rising electricity bills that cost hundreds if not, thousands of dollars out of their pockets. For them, a solar system is an appropriate solution as it will help you save maximum on your monthly/quarterly/annual utility bills. So, now is a good time to do some research on the solar system and obtain quotes from the solar system to prepare yourself for an early 2022 installation.

However, make sure you choose a reputable and experienced solar installation company that provides high-quality solar systems with substantial years of warranty.

Want to know more about solar rebates and the benefits of using solar power in Melbourne? Call us on 03 7023 7600 today!

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