Federal and State incentives for solar power

We can show you how to save with solar and take care of the whole process for you.

The Australian Government provides incentives for solar systems, both small and large under the Renewable Energy Target (RET). The RET then incentivises the installation of  small-scale solar systems under the Small-Scale Renewable Energy Scheme (SRES).

The SRES was developed to assist households, small businesses, and community groups with the cost of installing a solar photovoltaic (PV) system. The SRES works by issuing  Small-Scale Technology Certificates (STCs) to homes and businesses that install systems under 100 kilowatts (kW) in terms of the DC Solar Panel capacity. The STCs are officially created once an accredited solar installer has commissioned the system.

How are STCs calculated?

STCs are based on the expected output of the solar system until 2030, when the rebate will cease. One STC is the equivalent of 1 megawatt-hour (MWh) of renewable energy. So to calculate your STCs, you will need to calculate how many MWh are produced by your system each year until 2030.

The key thing for solar system purchasers to know is that installers assume responsibility for STCs. This means that you do not have to worry about how much you will be able to claim back as a ‘rebate’, rather the STC incentive will be presented in the form of a ‘discount’ directly to the price of your system.

Supercharge your solar system with the Victorian Government rebate and interest-free loan

Now is the perfect time to install thanks to the Victorian Government rebate and
interest-free loan. This means that you can start to save hundreds of dollars a year on your electricity bills for a reduced out-of-pocket cost.

Eligible Victorian householders can apply for a rebate (of up to $1,850) and an interest-free loan (of up to $1,850) to complement the Australian Government (STC) incentive

Victorian households are eligible to receive a rebate and loan for installing a solar (PV) system if:

  • they are the owner-occupier of the property
  • the owners have a combined household income of under $180,000 per year
  • it is an existing property, valued at under $3 million
  • they do not have an existing solar PV system

Quick facts about loans

No interest or fee applies, and your upfront costs are reduced even further

Loans are available for eligible owner occupiers and landlords

The monthly repayment for a loan of $1,850 is $38.54

Loans are paid back over four years

How the rebate & loan can work for solar systems

Cost for solar (PV) system with the Victorian Government rebate & loan Indicactive amount
Cost of system and installation $6,000*
Victorian Government rebate amount
(paid directly to the solar retailer via the Solar Victoria Portal) 		$1,850
Victorian Government interest-free loan amount
(paid to the solar provider via the Solar Victoria Portal. Loan amount to be repaid over 4 years)		 $1,850
Up-front cost to householder $2,300

*Price is indicative and post the Australian Government STC incentive

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