Following are the financial assistance offered for solar PV systems in Australia
Federal Government is providing financial incentives up to 45% of the cost depending upon few factors like your location, available roof space, technical assessment etc. You dont have to do any leg work. We make it simple for you. Still you get the entire amount in the form of point-of-sale discount
Small-scale Technology Certificates (STCs) are an electronic form of currency created by the Renewable Energy (Electricity) Act 2000 (also known as the RET scheme). One STC is equivalent to one megawatt hour of electricity generated by your solar PV power system. The price of STCs changes according to market conditions. As an owner of a solar PV power system, you can register, sell, trade or surrender STCs for your PV system.
STCs may be created for solar PV systems in batches of either one, five or 12-year deeming periods. At the beginning of each successive one or five year deeming period, the Regulator (from the Office of the Renewable Energy Regulator) must be satisfied that your solar PV system is still installed and is likely to remain functional for the next deeming period. In order to claim STCs for the full 12 year deeming period upfront – which is the most common option – your designer/installer must be accredited by the Clean Energy Council. More information is available in the RET process for Owners of Small Generation Units (SGUs) guide published by the Office of the Renewable Energy Regulator
The level of subsidy will depend on a number of factors, including the location (also known as the zone) of the solar PV system, the size of the system and the price of STCs at the time the system was installed.
Australia is divided up into various zones based on how much renewable energy can be generated by a solar panel in a given area. So the same sized system installed in Melbourne or Hobart (Zone 4) receives fewer STCs than those installed in Sydney (Zone 3) or Darwin (Zone 2) because Melbourne and Hobart have less sunshine so less solar energy is produced.
To supplement it further, energy companies buy the surplus energy off you. This is known as Feed in Tariff. When you install our system, your feed in tariff could potentially be few thousand dollars every year depending upon size of system, your location etc. In other words, there is a potential of you achieving ROI in excess of 20%!
A feed-in tariff pays you for electricity generated by your solar PV system.
Under a net feed-in tariff, a premium is paid for any solar energy that goes back into the grid from your house. So if you have surplus energy generated by your solar panels, you get paid for it; and if you use all of the energy you generate it will be offset against your normal electricity bill.
Under a gross feed-in tariff you get paid for every unit of electricity generated by your solar panels, because all of the production goes to the grid.
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