The Solar Credits Schemereplaced the $8,000 Solar Homes and Community Plan (SHCP) backdated from 9 June, 2009.There are several major differences between the SHCP rebate and the current Solar Credits scheme. While the SHCP rebate had an $100,000 p/a means test, the Solar Credits scheme makes all income levels eligible for incentives. Consumers and businesses alike are now eligible under the Solar Credits scheme, providing incentives for properties that are not primary residences - For example, holiday homes and investment properties.
In place of the $8,000 rebate, the main financial benefit under the Solar Credits scheme is an increase in the number of Renewable Energy Certificates (RECs) that a solar system produces. In comparison to the $8,000 rebate scheme, a solar system installed under the Solar Credits scheme will receive five times the number of RECs for the first 1.5 kW of the system capacity.
Key Points
- The Solar Credits scheme applies to all solar system installations from July 1st 2009
- The $8,000 rebate is no longer available
- There is no means test, all income levels are eligible
- Open to consumers and businesses alike
- Major financial benefit: Receive 5 times the number of RECs for the first 1.5 kW of system capacity
To speak with a renewable energy consultant about how the Solar Credits Scheme can benefit you, contact one of our branches or submit an enquiry.
*Estimated savings based on REC's rates at time of publishing. Subject to change. Assumes transfer of REC's to Solar Shop Australia to receive upfront discount. Solar Credits & all offers stated are subject to passing of Governments Renewable Energy Target legislation as announced in June 9 Government Media Release.