Australia's Share In Caring For The Environment Is Through The Solar Panel Rebate

Australia's Share In Caring For The Environment Is Through The Solar Panel Rebate

A Solar Panel Rebate is a crucial step by an administration that helps to subsidize the expense of putting panels on your roof. This makes it more affordable for households, business and community groups. The rebate means that installing solar power is more an affordable and sound investment. There are various rebates around the world and they differ in every country. However, most countries now simply have a feed in tariff which partly pays for the expense of installing solar power.

There is a solar rebate in Australia, which is made up of Solar Credits, which are a part of the Renewable Energy Target (RET) scheme that was created by the Australian government as a mechanism to boost the production of renewable energy. The Solar Rebate offers financial assistance to households, businesses and community groups that put up small-scale solar systems, wind and hydro electricity systems.

Solar Credits are given in the way of Renewable Energy Certificates, or 'RECs', for individuals who have installed a new solar system from 9 June 2009. Solar Credits apply to the first 1.5 kilowatts (kW) of capacity of the system installed. The degree of assistance provided by Solar Credits depends on the price of RECs (which may vary over time) and the location and bulk of the system.

The current solar panel rebate program means that installing solar power is substantially a more sound investment and a commitment from the government to aid reduce the amount of coal fired electricity in the grid. Along with the rebate, in Australia there are feed in tariffs which subsidize electricity put back into the grid by solar power systems.

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