Solar Rebates Are Earned Through Environmental “Certificates”
Small solar systems are entitled to Small-scale Technology Certificates under the Renewable Energy Scheme. These certificates are environmental “credits” that you trade in exchange for a discount on your solar panel system. It goes without saying that the more certificates you have, the more money you can save. At the moment, Victorians can be issued with certificates deemed for the next 10 years, but this will decrease over time. In 2022 it’ll drop by 10% and it will only be possible to receive certificated deemed for 9 years, so it pays to act fast.
If you want to take advantage of the current STCs then you’re going to have to act fast, by calling the best solar installers Melbourne wide – Sunstainable. The good news is that the current STCs offer the most affordable solar energy systems we’ve ever seen, the bad news is it won’t be this good for long, so you need to act fast to get the best deal possible.
To celebrate we want to share with you why solar energy is set to become the cheapest electricity source in history.
Globally, the Cost of Renewables is Falling
Solar energy no longer comes with the huge price tag associated with a brand-new technology. Solar systems are well beyond their beta phase, having now been in use since the 1980s, when the first solar cell was created. This cell had an energy conversion rate of 1 to 2 percent, which sounds like nothing compared to today’s solar cells that have energy conversions ratings of 15 to 20 percent. From the solar cell to the battery, the capabilities of solar energy are constantly improving. That’s good news for us, because it’s part of what makes solar systems so cheap. Due to their high energy conversion rates, they now pay for themselves in entirety in just a few years, and then continue to generate clean, low-cost energy for decades. Even a small 5kW solar system will save you upwards of $500 on your quarterly bills. Thanks to our sunny climate and the continuing improvement of solar technology, it’s even possible to power your entire home solely with solar energy – so long as you have the right combination of solar panels, inverters and batteries such as the incredibly refined Tesla Powerwall.
You’ll Achieve Freedom from Rising Electricity Prices
As renewables become more common across Australian households, traditional energy supplies such as coal are set to become more expensive. As of August 2020, the world is shutting down coal plants faster than they’re opening them. At the same time, energy companies are increasing their prices, resulting in higher bills for the same amount of energy you used last year. Your energy usage may not have changed, but your energy company is definitely increasing your rates, as the gas and coal industries start to struggle. But there’s a way out. Solar systems allow you to generate your own energy, and even feed excess solar energy back into the grid as credits.
Ready to be Solar Powered?
Contact Sunstainable to find out if you are eligible for the current STCs. We can discuss the interest-free loans on offer if you would like to further reduce the up-front costs of solar.