AND BUSINESS OWNERS
IN SOUTH AUSTRALIA
South Australia is notorious for it’s high electricity prices.
As of March the 3rd of 2022, prices were as high as 43.67c/kWh which puts SA ahead of the next highest, NSW, by over 10c/kWh. To put this into perspective, most other states only pay between 21c and 30c/kWh. The first question that comes to mind is ‘WHYYYY?!’ Well you can find out here.
So, it only makes sense that close to one in three homes in South Australia have taken advantage of the solar rebates in SA are already on their Solar Journey. Thankfully there are some options that can help you out. The sooner you install, the more you will save.
To offset the high costs of solar panel installation, there are a number of rebate options for homeowners and small business owners.
1. Small Scale Technology Token (STC) – available till 2030
Small scale technology tokens are tokens awarded by the government for the creation of renewable energy. When you purchase a solar system, you will be awarded STC’s based on the predicted energy production.
The tokens can be traded on two different markets – a fixed price market called the STC clearing house ($40 per STC), or the open market ($36.50 - $38.50 per STC). Energy companies then buy these STC’s on the market to assist in meeting their annual renewable energy goals.
Several factors play into how many STC’s a homeowner or business owner will be awarded depending on:
- What STC zone they are in (pictured)
- The size of the solar system
- How many years the system is estimated to produce energy for until 2030
For STC’s to be awarded, there are a few criteria to meet:
- The system does not produce more than 250MWh per year and does not exceed 100kw
- The system installed meets all Australian Standard and is approved by the Clean Energy Council
- The company installing the system is approved by the Clean Energy Council, and follows their guidelines when conducting the installation
When you are purchasing your solar system, STC’s are automatically awarded. At Exceed Solar, we deduct them from your solar panel and installation costs, and sell them ourselves, meaning you don’t have to worry about a thing!
2. Feed-In Tariffs
Feed-in tariffs (FiT's) are payments from energy companies to owners of solar systems. Money is traded for energy when a homeowners solar system produces excess energy and feeds power into the grid for other people to use.
It is charged on a per kWh basis and is usually between 5c and 12c/kWh in South Australia. The price depends on your energy supplier, so it can be helpful to shop around.
Considering that the rebates for solar panel installation are reducing every year, NOW is the best time to begin your Solar Journey with Exceed Solar. Our experienced and friendly staff will make the process of moving to solar relaxing, enjoyable and exciting!