Like other areas in WA, solar energy systems installed in Bunbury can benefit from the federal Small-scale Renewable Energy Scheme (SRES) scheme. This scheme offers Small Technology Certificates (STCs) to reduce the cost of solar installations.
The federal government has long supported the transition toward solar energy through various incentives. These benefits significantly reduce the price of residential solar installations. Understanding these can offer substantial savings to homeowners contemplating a switch to solar energy.
Federal Government Solar Incentives
In 2024, the zone 3 solar rebate for Bunbury is set at approximately $360 per kilowatt (kW) of solar panels installed. This means that homeowners can expect to receive financial assistance based on the total capacity of their solar power system. The rebate lowers the upfront cost, making it much more inviting for homeowners to invest in solar technology. This incentive is calculated based on the size (capacity) of the solar system a homeowner decides to install.
Calculating Your Rebate
Your solar company will usually calculate your STCs when quoting for a solar PV system. But for those interested, The Australian Renewable Energy Certificates Registry has a Small generation unit STC calculator on their website.
Enter all the information about your solar installation and select a 7-year timeframe. You will receive the maximum number of STCs your solar energy system is eligible for. Then multiply this amount by the current certificate market price of $40. For example, if you were installing 5 kW of panels, you would receive a rebate of approximately $1,920 (48 STCs x $40).
Solar Rebate in Bunbury
If you’re considering installing a solar system in Bunbury, you might be eligible for the government rebate. The Federal Government’s Small Technology Certificate (STC) scheme offers this rebate based on your location and solar system size. Solar companies usually deduct the rebate value from the advertised price of a solar system, so you’re not paying the full upfront cost. Keep in mind that the value of the STC can fluctuate every year, so it’s best to check the current rates.
Bunbury and a majority of WA’s southwest falls into STC Zone 3. Eligible Bunbury solar customers can claim the following amount on our most popular package sizes:
- 3 kW solar panels: $1,160
- 5 kW solar panels: $1,920
- 6.6 kW solar panels: $2,520
- 7 kW solar panels: $2,680
- 10 kW solar panels: $3,840
These figures are based on the current certificate market price of $40 (excluding GST).
For homeowners in Bunbury, this government incentive offers a golden opportunity to embrace solar energy at reduced costs. The amount of STCs you receive is due to reduce every year. So it’s ideal to invest in solar as soon as possible to maximise your savings.
SouthWest Solar Force is here to guide you every step of the way, from consultation to installation. Our team will ensure you maximise both your savings and your energy-efficient potential.
