The History of Solar
Solar power was initially developed as an energy source during the 1860s when manufacturers feared that the supply of coal would dwindle. Solar power technology and development came to a stop during the early twentieth century due to huge growth of the motor car industry and abundant supply of both coal and petroleum.
The expansion and development of the automobile industry led to a lack of interest and funding for other forms of energy sources, mainly renewable like wind and solar which lasted for a number of years. By the 1970’s there were only 5-6 homes completely powered by Solar in the United States.
Fortunately, numerous oil shortage disasters during the 1970s led to a worldwide re-evaluation of energy policies, which then led to an improved focus on solar-powered resources. Afterward, a number of incentive programs funded by the government for the combination of commercial and domestic solar power emerged around the world.
Following that, the amount of solar power installations rose quickly, slowed only due to the falling oil prices. Ever since the late 90s, there has been a steep rise in the number of solar PV installations and this only shows that more Australians have understood its benefits and see it as a worthy investment for the years to come.
Read below to find out its benefits and other information like government rebates and how you can get Solar panel Sydney rebate?
The Solar Panel Rebate
The solar Financial Incentive or rebate reduces the total upfront cost of installing a Solar Power System and is not means tested in any way. You must meet the following criteria to ensure that you qualify for this incentive:
1) Your new solar panel system is less than 100kilowatts.
2) It is designed and installed by a professional who is accredited by the Clean Energy Council.
3) You must use inverters and panels that are permitted for local use by the Clean Energy Council.
4) The solar system must be fitted in appropriate premises such as houses, apartments and shops are all eligible with ample roof space and are where there is plenty of natural light.
5) The installed system must be a brand new and whole.
The Australian Government encourages the growth of renewable energy in Australia via the Renewable Energy Target or RET scheme.
The government aims to ensure that there is a growing market for future renewable energy generations using the method of tradeable Renewable Energy Certificates.
The Australian Government aims to get around 20 per cent of renewable energy in the country’s electricity mix by the end of 2020. The extended RET scheme will combine both state and territory renewable energy goals into a single national outline, and is to be applied through changes to the law that supports the current scheme.
The amount of support accessible via the RET for installations of solar panels and other smaller power systems is subject to the total energy output the system generates, and the area or location the system is to be installed.
Why do Solar Incentives differ across Australia?
• The quantity of Solar Credits or STC’s made for a specific solar system will hinge on the amount of renewable energy the system yields.
• An individual solar system installed in areas like Newcastle, Brisbane, Adelaide, Perth, Sydney and Canberra will generate the identical amount of RECs and thus get the same level of support.
• A similar sized system installed in either Hobart or Melbourne will get less STC as these areas don’t get much sunshine compared to the other states so not a lot of renewable energy is produced.