There are several types of grants, rebates and incentives that business customers with solar power can be eligible for:

Small-scale Technology Certificates (STCs)

STCs are part of the Federal Government’s Renewable Energy Target scheme. This scheme gives Australians a financial incentive to install renewable energy systems.

You can generate STCs with an eligible solar power system.

Each STC has a market value. The larger the capacity of your system, the more STCs are created. In most cases for commercial sized systems, the incentive value can be several thousands of dollars.

You can give your STCs to EnergyAustralia in return for a point-of-sale discount. Alternatively, you can also sell your STCs on the market. Either way, you’ll receive money to reduce the cost of your system.

Feed-in Tariffs

A feed-in tariff is a credit customers are paid for any unused electricity that their solar power system sends back to the power grid. It is usually a set rate per kilowatt hour and paid as a credit on electricity bills.

Australian state governments used to fund feed-in tariff schemes, but they are now closed for new customers. Retailers, like us, do still provide some feed-in tariffs, depending on what state you’re in and the size of your system. To give you an indication of what rate you may be eligible for, here is a table of our current feed-in tariffs.

 

EnergyAustralia feed-in tariff*

VIC

6.05 cents per kWh inc. GST^

5.5 cents per kWh exc. GST

NSW

6.71 cents per kWh inc. GST^

6.1 cents per kWh exc. GST

SA

9.02 cents per kWh inc. GST^

8.2 cents per kWh exc. GST

QLD

6.6 cents per kWh inc. GST^

6.0 cents per kWh exc. GST

ACT

6.6 cents per kWh inc. GST^

6.0 cents per kWh exc. GST

*Our rates will generally be adjusted annually, and we’ll notify you when this happens.

^GST inclusive rates are paid only to valid Australian businesses with an ABN which has been supplied to EnergyAustralia.

Call 133 349 to switch your electricity to EnergyAustralia.

Tax benefits - Accelerated depreciation

Small businesses with an annual turnover of less than $2 million may be able to access the accelerated tax concession, which can provide an immediate tax deduction on assets  purchased costing less than $20,000 (inc. GST) that are installed and ready for use by 30 June 2017. There are also rules for assets valued at more than $20,000 (inc. GST).   

Please note that the information above is provided as a reference only and you should seek independent professional advice about suitable options for your business. You can visit the Australian Government 2015 Budget website for more information and updates on the income tax measures for small businesses.

Other grants and financial assistance

There may be other financial incentives available to you, depending on your industry and location. Some examples are below.

Scheme

Website

Clean Energy Finance Corporation

cleanenergyfinancecorp.com.au

QRAA Sustainability Loan Program (QLD)

qraa.qld.gov.au/current-programs

 

To find other grants and financial assistance, you can visit: business.gov.au/grantfinder