STCs<\/strong>), in a quantity defined by the amount of energy the system can produce, and their value stands at around $37.00. They can be sold to high energy users that have to submit them to the Regulator every three months. The certificates cover approximately 30% of a 5-kW system’s total cost, which is about $2000 to $3000.<\/p>\nThe SRES also expires in 2030 and a report by the Australian Competition and Consumer Commission recommends abolishing them to reduce electricity costs. However, the Clean Energy Council is opposed to this because they are synonymous with high standards of safety and quality.<\/p>\n
#8 FiTs ensure payment for the extra energy fed into the grid<\/h2>\n
A second rebate for residential RES system owners is the\u00a0Feed-in Tariff<\/strong>, a credit for any amount of power exported back into the National power grid, usually set by energy retailers per kWh and paid on the electric bill.<\/p>\nFiT schemes differ by state: under most, the minimum rate per kWh offered by energy retailers is fixed by regulations, except in New South Wales and Queensland where there is no minimum. Tariffs range between 6 and 30c\/kWh, more often 7-16 cents\/kWh. A general suggestion is to compare energy suppliers’ offers and get the best deal available.<\/p>\n
#9 Payback times depend on different factors<\/h2>\n
Payback times depend on FiTs and other factors:<\/p>\n
\n- Sunlight hours<\/li>\n
- System cost and productivity<\/li>\n
- Self-consumption<\/li>\n
- Site characteristics<\/li>\n<\/ul>\n
For instance, a 5 kW PV system, as one of the most popular sizes, installed in any of the state capitals, has an average cost of $5250. The payback period varies from 2-3 years in Adelaide to 5-6 years in Darwin with an export rate at 50%. The payback period increases to 7 years for the same system installed in Hobart, with an export rate of 75% of energy generated.<\/p>\n
#10 Every Australian state Government can govern its own solar rebates<\/h2>\n
The Government of every state sets its solar rebates and incentives:<\/p>\n
\n- Australian Capital Territory<\/strong>\u00a0has a low-income solar programme and offers grants for energy storage<\/li>\n
- Queensland<\/strong>\u00a0has interest-free loans and grants for solar PV panel and storage<\/li>\n
- Victoria<\/strong>\u00a0offers solar PV and thermal panel rebates<\/li>\n
- South Australia<\/strong>\u00a0runs a home battery scheme with higher subsidies for low-income<\/li>\n<\/ul>\n
#11 Climatic conditions harm the Australian electricity grid<\/h2>\n
Weather conditions<\/strong>\u00a0such as bushfires and strong wind and rain down the East Coast last February placed grid stability at risk, affecting cables, substations and connectors, and causing\u00a0blackouts<\/strong>\u00a0for thousands of homes. The areas struck hardest by these conditions are those less connected to the grid.<\/p>\n#12 Australia is a resilient country and solar PV can help<\/h2>\n
The climate puts Australia in a tough position, but the new decentralised grid vision and increasing energy storage system (ESS) implementation could broaden the future of the renewable energy sector and contribute to the stability and well-being of Australian citizens.<\/p>\n
This is the reason why\u00a0energy storage<\/strong>\u00a0and\u00a0back up storage systems<\/strong>\u00a0are spreading across the country and most of the states offer an incentive for their installation. Another way to reinforce the grid is to create microgrid systems that can support themselves without the power of the retailers. An example of this is Solar Communities, or\u00a0Digital Energy Communities<\/strong>, where the public grid allows participants to share energy amongst them, increasing self-consumption of energy generated and stored locally. In this scenario, members will be able to avoid blackouts during extreme weather events that interrupt the national electricity supply, or even cut off the connection to the main grid. The entire energy community can be independent nearly all of the time.<\/p>","protected":false},"featured_media":1957,"parent":0,"template":"","category-magazine":[41],"class_list":["post-1956","magazine","type-magazine","status-publish","has-post-thumbnail","hentry","category-magazine-solar-and-photovoltaic"],"acf":[],"_links":{"self":[{"href":"https:\/\/regalgrid.com\/en\/wp-json\/wp\/v2\/magazine\/1956","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/regalgrid.com\/en\/wp-json\/wp\/v2\/magazine"}],"about":[{"href":"https:\/\/regalgrid.com\/en\/wp-json\/wp\/v2\/types\/magazine"}],"version-history":[{"count":1,"href":"https:\/\/regalgrid.com\/en\/wp-json\/wp\/v2\/magazine\/1956\/revisions"}],"predecessor-version":[{"id":4373,"href":"https:\/\/regalgrid.com\/en\/wp-json\/wp\/v2\/magazine\/1956\/revisions\/4373"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/regalgrid.com\/en\/wp-json\/wp\/v2\/media\/1957"}],"wp:attachment":[{"href":"https:\/\/regalgrid.com\/en\/wp-json\/wp\/v2\/media?parent=1956"}],"wp:term":[{"taxonomy":"category-magazine","embeddable":true,"href":"https:\/\/regalgrid.com\/en\/wp-json\/wp\/v2\/category-magazine?post=1956"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}