Your Guide to Government Solar Rebates & Battery Incentives in 2023

The cost of switching to solar power has become more accessible and attractive over the years thanks to its benefits as well as the left & right incentives or solar rebates it brings to homeowners. 

At present, there are even battery subsidy schemes and interest-free battery loans that you can avail of in every state, as more and more households switch to renewable energy amid rising energy prices. 

If you're among those who are looking to go solar, now is the best time to do so. Below is a quick rundown of available incentives, rebates, and subsidies that you can go for depending on the state you’re residing in. 

2023 Australia Solar & Battery Rebates, Subsidies, & Incentives

Government Rebates

These federal and state rebates significantly reduce the total cost of purchasing and installing a solar power system. You can look for the ones available to you on the Federal Government's Energy Rebates website. You can also get an idea of how much rebate you can receive through a solar quote from your chosen retailer. 

National Solar Subsidy

Categorised into Small-scale Renewable Energy Scheme (SRES) and Large-scale Renewable Energy Target (LRET), these subsidies allow solar users to save big with financial incentives. SRES come in the form of STCs or small-scale technology certificates, which are subject to variation depending on factors like the size and location of your solar system. 

LRETs are facilitated by the Federal Government, mainly incentivising renewable energy power stations like solar farms.

Feed-in Tariffs

Feed-in tariffs refer to a certain amount you are paid for with every excess energy generated by your solar system that is fed back into the grid. These are mostly available for residential systems but can also extend to commercial setups provided that the consumer is able to negotiate with their electricity retailer. 

Electronic Vehicle Incentives

Those who purchase an EV are subject to a subsidy or rebate which varies depending on the state and price paid for the vehicle. Some states also offer additional perks including free registration, stamp duty exemption, and interest-free loans. 

Solar For Low-Income Households

Available in New South Wales, this solar incentive can be utilised in exchange for the Low Income Household Rebate for a decade and provides eligible homeowners with a free 3kW system.

Home Energy Support

This is an incentive option for Australian Capital Territory residents, particularly holders of Australian Government Pensioner Concession or Department of Veterans' Affairs Gold Card. It offers a maximum rebate of up to $2,500 on rooftop solar systems plus a zero-interest loan to cover the remainder of your system's fees.

Sustainable Household Scheme

Another perk of going solar in ACT is the Sustainable Household Scheme which provides zero-interest, 10 years to pay loans from $2,000 to $15,000 for energy-efficient home upgrades including solar panels and solar battery storage systems.

Solar Battery Rebate

This initiative provides up to $2,950 worth of rebates on eligible battery storage systems. This offer is ending on 20 June 2023, though, but will be replaced with a zero-interest loan to be launched the following month. 

Victorian Solar Panel Rebate

This one offers a $1,400 subsidy when you purchase a solar power system. The best part? You can still avail of the national solar rebate along with it!

Home & Business Battery Scheme

Offers a grant of $450 to a maximum of $6,000 on eligible battery storage systems. If you happen to have the Tesla Powerwall generating up to 13.5kWh, you'd be able to get the full $6,000! How awesome is that?

Knowing Your Incentives In and Out

If you're on your way to being a solar energy user, congratulations. Here are some of the factors you want to get sorted out with your electricity retailer before having your on-grid system installed: 

• Will your daily fixed charge be higher once you install solar?

• Will you be paid via cash or credit for the electricity your produce?

• Are there penalties or termination fees you need to be aware of?

• What is the timeline for calculating the excess energy you generate?

• How much will you get paid per kWh for exported electricity?

Excited to enjoy your solar perks? You should be! If you're yet to decide on getting an on-grid system for your home, get a FREE quote from VoltX Energy today for a variety of options all packed with premium components that accommodate small, medium, and large-scale power requirements.