A solar panel rebate is the government's contribution in safeguarding the environment, offering many homeowners the needed incentive to choose a renewable energy source.
A Solar Panel Rebate is an initiative from an administration that helps to subsidize the cost of putting panels on your roof. This makes it less expensive for households, business and community groups. The rebate means that installing solar power is more a practical and sound investment. There are many kinds of rebates around the globe and they are different in every country. However, most countries now basically have a feed in tariff which partly pays for the cost of installing solar power. There is a solar rebate in Australia, which consists of Solar Credits, which are a part of the Renewable Energy Target (RET) scheme that was initiated by the Australian government as a way to boost the production of renewable energy. The Solar Rebate gives financial support to households, businesses and community groups that put up small-scale solar systems, wind and hydro electricity systems.
Solar Credits are provided in the form of Renewable Energy Certificates, or 'RECs', for individuals who have installed a new solar system from 9 June 2009. Solar Credits apply to the first 1.5 kilowatts (kW) of capacity of the system installed. The degree of support provided by Solar Credits depends on the price of RECs (which may differ over time) and the location and size of the system.
The current solar panel rebate program means that installing solar power is a significantly more sound investment and a commitment from the government to aid decrease the quantity of coal fired electricity in the grid. Complementing the rebate, in Australia there are feed in tariffs which subsidize electricity put back into the grid by solar power systems.
