The projected solar rebate for a 5kW system in Zone 3 with a $37 STC price.
The solar rebate which currently reduces the cost of rooftop solar in Australia will be phased out with the first reduction starting in less than 8 months on the 1st of January 2017. The rebate will reduce by one fifteenth of its current amount on the first day of each new year until 2030 and will end on the 31st of December that year. At the start of 2017, the rebate of $3,990 that most Australians would receive at the moment for a 5 kilowatt rooftop solar system will fall by around $266 down to $3,724. The phase out encourages Australians to install rooftop solar sooner rather than later. [Read more…]
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