Thousands of Australians are unaware of the government rebate available to homeowners and businesses looking to turn to renewable energy and reduce their power bill.
The Small-scale Renewable Energy Scheme is open to all Australians and creates a financial incentive for individuals and small businesses to install eligible small-scale renewable energy systems.
Eligible systems include solar panel systems, small-scale wind systems, small-scale hydro systems, solar water heaters and air source heat pumps.
CSA Services solar expert Paul Jones says those looking to turn to alternative energy systems need to know there are generous government rebates available.
But they should act quickly, with the government rebate decreasing come January 1, 2020.
“People are not aware of the changes, and the grant that exists out there for them. A lot of people think the rebates are already gone, but there’s still rebates around,” Mr Jones explained.
“I think a lot of the marketing in the past has scared people, saying ‘rebates are going’, the rebates are still here, they are just reducing each year.
“There are still significant rebates around, as much as $4000, and they will reduce by about $500 for the average homeowner on January 1, so it’s crucial that if you’re looking at solar, you move quickly.
“So, the longer you wait, the less government assistance that is available. By 2030, there will be no rebate at all.”
It’s not just residential homes who have incentives available to them either, with businesses also able to make use of the Small-scale Renewable Energy Scheme.
Businesses of all sizes can turn to solar energy to shave a heap off their power bills and put the money to use elsewhere in their business. The likely scenario is that clients will be seeing payback on their system in 4-6 years, with a 15 – 25 per cent return on investment.
“It really is a great opportunity for businesses everywhere to make the most of these rebates,” Mr Jones said.
“It’s really the same rebate for commercial and residential, but the size of the rebate depends on the size of the system installed.”
“What does change is the approval process. Anything above the standard size (5kw inverter) requires Energex to approve, and it can take six weeks for commercial clients, given they are generally operating large systems.”
“The energy company has to assess whether they can accommodate that size system into their network.”
But Mr Jones has a word of warning for those looking at making the move to solar for the summer period: do your research and use a reputable qualified electrician for installation.
“People need to understand that the system needs to be installed prior to the first of January, not just signed up for,” Mr Jones explained.
“Some companies just say sign up and you’ll get the rebate, but they have no capacity to do the installation in time.
“Also, as the busy period at the end of the year commences, some companies will try and swap products to a cheaper quality one, due to a lack of stock.
“This is why it is important to always do your research and always go to a reputable installer. That way you will get what you’ve paid for.”