Act sooner rather than later
To secure higher STC rebate rates, consider investing in solar energy systems before the expected decrease in 2024. You can take advantage of the existing subsidies and maximise your savings by acting promptly.
Energy storage solutions
Combining your solar system with energy storage solutions, such as batteries, can help you make the most of the energy you generate. This will allow you to use solar power during peak periods and reduce your dependence on grid electricity.
Keep an eye on other government incentives or programs that may become available to offset the decrease in STC rebate rates. The government may introduce alternative support mechanisms to promote solar energy adoption.
Energy efficiency measures
Implement energy-saving measures in your home or business to reduce energy consumption. This can help you get more value from your solar system, even with lower STC rebate rates.
Take advantage of net metering
Net metering is a billing arrangement that allows you to sell the excess electricity that your solar panel system generates back to the grid at a retail rate. This can help to offset the cost of your electricity bills.
Install your solar panel system during the off-season
Solar panel installers typically offer lower prices during the off-season, typically from November to February.
Consider financing your solar panel system
There are several different solar panel financing options available, which can make it easier to afford the upfront cost of installing solar panels.