Solar Power Tasmania Government Rebate

For businesses considering installing a solar power system of 20kw capacity or greater tax breaks and stc s are available along with some industry specific assistance and also low interest rate loans.

Solar power tasmania government rebate.

Commercial scale solar incentives. More information on commercial scale solar incentives. Through the renewable energy target scheme ret the federal government subsidises the cost of solar power systems according to the energy generated. Grants may be used for equipment and component improvements energy audits feasibility studies and or energy use and emission monitoring.

Energy matters incorporates the value of these solar credits by providing a discount on the solar power system you purchase. In tasmania you will receive a credit on your electricity bill for any unused solar power that is generated by your system and sent back to the grid. Credits for excess power. The federal government provides a solar tax credit known as the investment tax credit itc that allow homeowners and businesses to deduct a portion of their solar costs from their taxes.

Both homeowners and businesses qualify for a federal tax credit equal to 26 percent of the cost of their solar panel system minus any cash rebates. Tasmania currently has no state based government rebates. The energy efficient communities program high energy using business grants provides businesses with grants of up to 25 000 to improve their energy efficiency. Households and small businesses across australia that install a small scale renewable energy system solar wind or hydro or eligible hot water system may be able to receive a benefit under the small scale renewable energy scheme sres to help with the purchase cost.