It is difficult to give an exact number as to how much the rebate will reduce this year as many variables impact the amount of rebate a household can have. Some of these variables include the year of installation, where in Australia the system is being installed, and the capacity of the solar panels. Another key variable is STCs (Small-scale Technology Certificates), with the value fluctuating according to market demand.
However, as a very general guide, we expect the subsidy to reduce this month by around $320 on a 6.6kW system, assuming current STC values don’t change. This figure might not seem like a lot, but what we know for sure is that this figure will continue to drop before the rebate is removed completely. If you are considering solar power on the Gold Coast, the time to act is now.
Is a Solar System Worth it?
Are you looking to save money? If you answered yes, then a solar system is right for you. Even without a rebate, the amount a household will save is tremendous, this rebate just means the savings are going to be even greater.