Solar feed-in tariffs and rebates
There are generous rebates and schemes available to help your business go solar.
A feed-in tariff (FIT) is a payment you could receive for any excess solar electricity your solar energy system generates that can be sent back to the grid.
When you don’t use all the solar energy you’ve generated, the excess electricity feeds back to the grid and you could get paid for it in cents per kWh. You’d receive this as a credit on your bill from your electricity provider.
There are two financial incentives available for solar power system purchases. The scheme applicable to your business will depend on your requirements.
Small-scale technology certificates (STCs) are a discount that’s applied at the point of sale for solar power sytems purchased outright. These are only for Solar PV panel systems that have a capacity up to 100kWs. The capacity of your solar system and the location of the installation will determine the number of certificates generated for you. We’ll generate and facilitate the certificates as part of the installation process, so you won’t have to worry about a thing.
If you’re looking to install a larger commercial solar system, then you could benefit from the financial incentives offered by the Large-Scale Renewable Energy Target and large-scale generation certificates (LGCs). The incentives apply to any solar power system greater than 100kWs, and the amount of LGCs you generate will depend on the capacity of your solar system and the location of its installation.
In May 2017, the Federal Government announced an extension to the 2015-16 Budget measure providing an instant write-off provision for small business.
This allows small businesses to immediately deduct assets costing less than $20,000. Your business may be eligible to use this deduction against the cost of buying a solar system under $20,000.
More information is available on the ATO website.
Terms & Conditions
All prices and amounts include GST, where applicable.
If you live in WA or NT, contact your electricity retailer to find out more about feed-in tariffs or rebates (Origin does not retail electricity in these areas).