Government Incentives
Significant government incentives are available for businesses to install Solar Energy Systems.
They include:
- Small scale Technology Certificates (STCs) under the Renewable Energy Target (up to 100kW) – STC provide a subsidy to purchase the system.
- Large scale Generation Certificates (LGCs) under the Renewable Energy Target (for systems over 100kW) – LGCs provide an ongoing income stream in addition to the energy produced by the solar energy system
- Clean Technology Investment Program (CTIP) – providing a further subsidy to purchase the system for manufacturers and those businesses in the food industry.
Feed in Tariff (FIT)
A Feed in Tariff (FIT) is the amount you’re paid per unit (kilowatt hour – kWh) for electricity your system produces that you sell to the grid.
The amount paid per kWh and the time frame of the scheme varies per state.
The FIT comprises an amount paid by the State Government which is quoted below plus an amount paid by your electricity retailer which can be up to 16c/kWh.
ACT1 : 1, you’ll get paid the same amount you pay, approx 19c per kWh (less GST – for next 20 yearsUp to 30kWNT1 : 1, you’ll get paid the same amount you pay, approx 27.87c per kWh from 01Jan2013. (NT PAWA)30kW
| Govt | Retailer | Time Frame/Comments | System Size | |
|---|---|---|---|---|
| QLD | 8c/kWh | Up to 16c/kWh | Valid for 2 years | size up to 5kW |
| VIC | 8c/kWh | Up to 8c/kWh | Paid until end of 2013 | Less than 100kW |
| SA | 16c/kWh | 8c/kWh | Paid until 2016 | up to 10kW |
| TAS | 1 : 1, you’ll get paid the same amount you pay, 22.648c per kWh | 10 kW (1 phase); 30 kW (3 phase). | ||
| NSW | nil | 8c/kWh | No FIT contribution from the state government retailers AGL,Origin | |
| WA | nil | 8c/kWh | Paid for 10 years from installation, (Synergy) | |
Correct as at 21 Feb 2013
Offers from Energy Retailers will vary within each state, so it pays to shop around the find the best deal.
Actual FIT figures will be reviewed and finalised at time of the feasibility assessment & proposal.
Commercial Solar – the Power to Save