In Australia 3 out of 10 homes have rooftop solar panels, and many homeowners want to join the trend. There are also federal government solar rebates in the Northern Territory (NT). There are definitely good reasons for getting a solar panel system installed. You will not only save money on your electrical power bills but also do something good for the planet.
Solar energy is renewable and the carbon emission associated with the technology is near zero. However, the installation of solar panels can be quite expensive.
Because of this, the Australian government has initiated financial schemes to help residents install solar panels on their homes. Many states and territories also give their residents extra rebates or loans to make the installation of solar panels more appealing.
So, what are the solar government rebates in the NT?
Federal government solar rebates in the NT
If you are living in the Northern Territory of Australia, you might receive a solar government rebate. This is a financial rebate that is given to households across Australia, and the size of the rebate might differ from state to state.
The solar government rebate is based on Small-scale Technology Certificates, often referred to as STCs. When a solar panel system is installed, you will be given a certain amount of STCs. The more STCs that are generated, the larger the rebate will be.
In general, the amount of STCs will be defined by which STC zone your household is located in, but also the size of your solar energy system. In Australia, you will find four different STC zones (1-4), and the lower zones will get the best financial rebates.
As NT is in both zone 1 and 2, you can expect some of the best solar government rebates in the state. And also remember that the more kW of electrical energy your system can produce, the bigger your rebate will be.
Some examples of government solar rebates
How big can you expect your government solar rebates in NT to be? To make this easier to understand, we are going to share some examples based on different solar system sizes.
For a small 1.5kW solar panel system, you can expect to generate 18 STCs in the Northern Territory. This will give you a rebate of around $700, depending on the current STC value. The value of one STC can vary, and is set by the market forces (supply and demand).
If you are installing a somewhat bigger solar panel system, the rebate will be bigger. The typical size of a solar panel system will be around 6.6kW, which gives you 82 STCs. That will give you a rebate of around $3,100.
Are there any state solar rebates in NT?
In many Australian states, there are local state rebates that are given in addition to the solar government rebate. This can make the installation of solar power systems even more appealing, as you can save more money.
Currently, there are no financial subsidies given by the Northern Territory state government. This means that the federal rebate scheme is the only incentive you can get at this point.
Luckily, the government rebate is very generous. Because of this, many Australian households located in the Northern Territory get the opportunity to install a solar system that normally would be an out-of-reach investment.
How can I get my solar rebate?
There are some requirements that you need to fulfil to be able to receive your solar government rebate. First of all, the solar panel system that you purchase has to be installed by a Clean Energy Council / CEC-approved firm.
And remember, the solar panel, battery and inverter must also be approved by the CEC. This will ensure that the system is producing renewable energy with a low carbon footprint.
Is it a good idea to invest in solar panels in the Northern Territory?
Yes! With the big federal rebate that you will receive upon installing a solar panel system, it will be an appealing investment. And even though the one-time installation cost may seem high, the solar panel system will usually pay for itself as time passes.
Most residents in the NT will notice that their electricity bills have reduced significantly after installing a solar panel system. Thanks to the sunny climate in the NT, your solar panels will be able to generate much (or even all) of the electricity you need throughout the year.
If you are tired of high electricity costs or just want to use more environmentally friendly energy, a solar panel system is unquestionably a good idea.
Find a good solar quote today, and let a CEC-approved firm help you install the system. In most cases, the rebate will already be deducted from the quote you receive.