“Solar Credits” is the name given to the Australian government’s latest solar subsidy for homeowners, businesses and community groups. It was passed into law on 20th August 2009.
Now we are just waiting for the process by which solar buyers can actually apply and receive the solar rebate to be finalised. This has been promised by the 2nd week of September. Once the process for actually applying for, and getting your rebate has been decided by the Canberra bureaucrats people will actually be able to start getting their cash back for solar systems bought after June 10th 2009.
Solar Credits subsides the cost of installing a Solar Power System and unlike the scheme before it (which was means-tested at a household income of $100,000) this subsidy is not means tested in any way.
It is the latest in a long list of different schemes, which seem to change more often then Kevin Rudd changes his underdaks.
It is currently worth about $5000 on a 1.5kW system. Which means you can get a 1.5kW system for an out-of-pocket cost of approx $4-$7K.