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Homeowners are Paying Next to Nothing for Solar Panels

IAIN ADKINS | Contributing Economics Editor
8:32AM Thu, 20 May 2021

Warning! Do not pay your next power bill until you have read this

There is a simple inconvenient truth your power company doesn’t want you to know. There is a policy that qualifies homeowners who live in specific postcodes to be eligible for $1000s of Government funding to install solar panels; the PV Small Technology Certificate (STC) Subsidy*.

Why doesn’t your power company want you to know about this? Because it can eliminate your power bill and cost $0 up front to install.

The subsidy is primarily based on a specific part of the Federal Government’s Renewable Energy Target (RET) legislation, and is primarily designed for homeowners to install solar panels on their roof.

The financial benefit generated from STC’s is generally included in the advertised solar package costs and offered as a point of sale discount. Ultimately, this saves you the hassle of having to claim the subsidy yourself and also reduces the initial capital outlay.

Do I Qualify? Select your State below:

When it comes to solar power, the questions households need answered are as follows:

1. Do I qualify for a solar rebate?
2. Can I eliminate my power bill?
3. Is my home suitable for solar?
4. What will it cost me?

Here is how much rebate is available for a 6.6kW solar system in various states:

  • Adelaide, Brisbane, Canberra; Sydney: $3,750*
  • Melbourne, Hobart: $3,225*
  • Darwin: $4,387*

Steven Jenkins, an authority on everything related to Solar Energy replacement, set out to do some research and determine whether this program lives up to its reputation. A year after installing solar, Steven was able to report back a dramatic reduction in his power bill.

Before solar

After solar

Source: 3Quotes, 2 January 2021
So, how does this program work?

Until recently, solar panels cost tens of thousands of dollars to purchase and install, and the cost outweighed the benefit. Now with generous Government rebates combined with improved low cost solar technology, installing solar has become attainable to almost every Australian homeowner.

What if I don’t put solar on?

What if I don’t put solar on? If you don’t put solar on your house, you are effectively paying for your neighbours' solar system through your higher power bills. As more and more people install solar, the houses left without solar end up paying more for their electricity, so that the energy companies can continue to make their usual profit amount.

What are the next steps to take to go solar?

There are massive variations in design and pricing in the solar market and a really smart way to protect yourself from the sharks out there is to source and compare three independent quotes for solar. 3Quotes is a free online service that organises three solar companies to provide a free measure and quote for solar.

How do I see if I Qualify?

One of the most trusted, secure and effective free online service that provides homeowners with fantastic value is 3QuotesTM. Over 250,000 homeowners have already trusted 3QuotesTM to get quotes on solar.

Get three independent quotes for solar by simply following these two steps:

Step 1: Click your state on the map to instantly check your postcode for free

Step 2: Once you go through a few questions, you will have the opportunity to compare quotes in your area. Select your state below: