Are you a Darwin business looking to reduce your energy costs and contribute to a greener planet? Commercial solar rebate in Darwin offer a fantastic opportunity to make this happen!
These commercial rebates bring significant financial benefits for businesses - both small-scale and large-scale. These rebates help offset the upfront cost of installing solar systems - making solar energy more accessible and affordable.
Ready to discover how commercial solar energy rebate in Darwin can revolutionise your business's energy strategy? Let’s get straight in!
Types of Commercial Solar Rebate in Darwin
The Northern Territory government offers different types of solar financing rebate in Darwin with the aim to encourage businesses to adopt renewable energy and reduce the reliance on fossil fuels. Here are some of them:
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Territory Government RebateÂ
The Northern Territory Government offers a range of financial incentives to encourage businesses to adopt solar energy. Here are some of them:
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Solar PV Rebate
This is a cash-back rebate for businesses installing solar photovoltaic (PV) systems. This rebate helps to reduce the initial cost of solar installation.
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Battery Storage Rebate
Through the Home and Business Battery Scheme, this solar energy rebate in Northern Territory gives businesses $400 per kilowatt-hour of usable battery system capacity, up to a maximum of $5,000. This rebate incentivises people to install batteries and store excess energy.
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Solar Hot Water RebateÂ
Rebates are also available for businesses that install solar hot water systems, further promoting energy efficiency and cost savings.
2. Federal Government RebatesÂ
To make solar energy more accessible and affordable for businesses in Darwin, the federal government offers a range of federal solar rebate in Darwin. These are some of them:
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Small-scale Technology Certificates (STCs)
These are federal solar rebate programs that provide upfront incentives for solar installations under the capacity of 100kW. This rebate can lower the cost of a solar system by approximately 30%-35%. Though the value of STCs can fluctuate, they provide a significant discount on the overall amount of solar systems.
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Northern Territory Government Grants
Businesses in the Northern Territory can apply for government grants to help offset the cost of off-grid solar systems. These grants almost cover 20% of the system, with a maximum cap of $20,000.
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Australian Renewable Energy Agency (ARENA) Funding
ARENA is a government agency that provides funding for renewable projects across Australia - including commercial solar installations. They sanction grants that help cover a portion of the upfront cost of solar projects. Also, they provide loans to help businesses finance solar installations.Â
To get this business solar incentives in Darwin, there are some eligibility criteria for ARENA that you need to comply with to be eligible for the funding.
3. Other Potential Rebates or IncentivesÂ
Depending on your specific circumstances, you may also be eligible for other rebates or incentives, such as:
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Local Government RebatesÂ
Some local councils in Darwin may offer additional rebates or business solar incentives in Darwin for installing solar energy systems - which help enhance the financial viability of such projects.
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Utility Company RebateÂ
Many electricity providers offer many incentives and rebates to businesses adopting solar energy - contributing to reduced electricity costs.
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Tax IncentivesÂ
Many businesses may be eligible for tax deductions and credits for solar energy adoption. Some of these incentives include Capital Expenditure (CapEx) deductions, depreciation deductions, accelerated depreciation and tax credits. Also, it is important to note that laws and regulations can change over time - therefore, it is important to keep that in mind while claiming your tax incentive.
Final ThoughtÂ
Commercial solar rebate in Darwin offer a golden opportunity for businesses to reduce energy costs, improve sustainability, and enhance their bottom line. By understanding the various types of rebates available, calculating the financial benefits, and considering the additional factors involved, businesses can make informed decisions about solar energy adoption.
At OneRoof Solar, we're committed to helping Darwin businesses realise the full potential of solar energy. Our team of experts can guide on selecting the right solar system, navigating the rebate application process, and optimising your energy efficiency.
Don't miss out on the financial benefits of commercial solar rebates. Contact OneRoof Solar today for a free consultation and discover how solar energy can transform your business.