The Aussie solar landscape has changed A LOT in the last year. That’s why we’re releasing our 2023 Ultimate Buyer’s Guide to Solar In Australia right now so you can get up to speed.
In it we go over:
- Updates to the Federal STC Rebate
- What’s new for State Rebates
- Getting a trustworthy installer
- Plus LOADS more…
… all in one place!
Download your free copy now and get over 40 pages of up-to-date solar info from our industry experts.
There’s not better Aussie solar resource on the internet, we guarantee.
Now, let’s go over some of the key event’s that have shaken the Australian energy market, what’s changed in the solar industry, and what it all means for your at home trying to figure out if you should get solar system in 2023.
Key Points
- Huge updates to Federal and State Government Rebates affecting how much you get back for solar in 2023
- Cost of energy impacting repayment periods
- Solar products that could shake up 2023
#1 Federal STC Rebates Are Reducing
STCs (short for Small-scale Technology Certificates) are the main Government incentive that Aussies receive when they install solar on their home or business.
It comes in the form of a generous upfront discount on your solar system.
These reduce every year on January 1st till the scheme is eventually phased out in 2031.
While the 2022 rebate is no longer available, you can still save big right now on your summer energy bills if you get your system in before winter.
But you’ll need to hurry! Click here to get 3 solar quotes and find an installer who can get your system in quick.
Don’t wait till 2024. We’ve put together some handy tables below so you can get and idea on how much STCs have already reduced by in 2023. Waiting another year will only make it worse!
Mobile and tablet users scroll to view full table →
2023 STC Discount on 6.6kW Solar System
| Brisbane (zone 3) | Sydney (zone 3) | Adelaide (zone 3) | Perth (zone 3) | Melbourne (zone 4) | Hobart (zone 4) | Canberra (zone 3) | Darwin (zone 1) | |
| STCs Received 2022 | 82 | 82 | 82 | 82 | 70 | 70 | 82 | 96 |
| Estimated Discount 2022* | $3,116 | $3,116 | $3,116 | $3,116 | $2,660 | $2,660 | $3,116 | $3,648 |
| STCs Received 2023 | 72 | 72 | 72 | 72 | 62 | 62 | 72 | 85 |
| Estimated Discount 2023* | $2,736 | $2,736 | $2,736 | $2,736 | $2,356 | $2,356 | $2,736 | $3,230 |
| Reduction in Discount* | –$380 | –$380 | –$380 | –$380 | –$304 | –$304 | –$380 | –$418 |
Assumes STC price of $38*
Mobile and tablet users scroll to view full table →
2023 STC Discount on 10kW Solar System
| Brisbane (zone 3) | Sydney (zone 3) | Adelaide (zone 3) | Perth (zone 3) | Melbourne (zone 4) | Hobart (zone 4) | Canberra (zone 3) | Darwin (zone 1) | |
| STCs Received 2022 | 124 | 124 | 124 | 124 | 106 | 106 | 124 | 144 |
| Estimated Discount 2022* | $4,712 | $4,712 | $4,712 | $4,712 | $4,028 | $4,028 | $4,712 | $5,510 |
| STCs Received 2023 | 110 | 110 | 110 | 110 | 94 | 94 | 110 | 129 |
| Estimated Discount 2023* | $4,180 | $4,180 | $4,180 | $4,180 | $3,572 | $3,572 | $4,180 | $4,902 |
| Reduction in Discount* | –$532 | –$532 | –$532 | –$532 | –$456 | –$456 | –$532 | –$608 |
Assumes STC price of $38*
#2 State Rebates Have Changed A LOT
2022 was probably one of the biggest shake ups for State Government solar rebates that we’ve seen in a while. A number of schemes were dropped, tweaked, replaced or added. It’s been a big job keeping across it all!
You can download our 2023 Buyer’s Guide to Solar for the full wrap up of which State Government rebates are available in each state / territory in 2023.
If you live in the ACT, SA or NSW you’re definitely going to want to have a look. These states have seen the biggest changes to the kinds of State Government solar rebates they can access.
Changes to State Government solar rebates in 2023 might affect how much you pay for your system. Make sure you’re across every scheme available.
#3 Repayment Periods Could Be About to Drop
A solar system installed in 2023 could pay itself of sooner than expected.
This isn’t because solar components are getting cheaper in 2023 and it’s not because feed-in tariffs are becoming more generous.
It’s down to the rapid rise in what we’re all paying for electricity from energy retailers in Australia.
2022 was a horror show for cost of living increases and electricity prices were one of the worst offenders, shooting up over 20% in the second half of the year alone.
2023 is looking even shakier, with experts in the industry predicting rises in the ballpark of 35%.
The higher the price of electricity climbs, the more value you get out of each kWh your solar system produces.
You’re solar savings increase inline with the cost of buying electricity off the grid. As electricity prices get worse, the time it takes to make back the upfront cost of purchasing your system lessens.
Depending on the system you purchase and how bad the energy price hikes get, you could see your repayment period drop by months, if not years if you install in 2023.
If you need some relief on your energy bills now then it’s worth checking out our partner Energy Market.
Compare dozens of energy plans online all at once, for free and make the switch.
#4 Installers Are Getting Busier
Solar installers have never been more in demand.
The energy crisis we mentioned above has created a rush on solar all across Australia as families scramble to do something to combat the rising cost of energy.
Increased wait times on getting a system are a real possibility in the coming months.
Solar uptake on the rise: Over a third of all houses in Australia have rooftop solar with enquiries up 750% for some installers.
If you’re thinking about solar in the near future it’s worth getting quotes now to make sure spots are still available for when you need it.
#5 Demand for Electric Vehicles on the Up
It looks like 2023 might finally be the year that Australians get some reach choice around purchasing an electric vehicle.
Tesla’s dominance is about to be challenged with the likes of Toyota, Subaru, Mercedes and BMW all slated to launch their own products in the Aussie market very soon.
Expect to see how Australians configure their solar systems and the kinds of products installers offer (think home EV charging) to evolve to reflect this new choice!
Ford’s all electric F 150 is slated for a 2023 Australian launch.
A Big Year for Solar
2023 is looking like a real turning point for solar and renewables in Australia.
Expect to see more and more choice become available from installers as demand grows!
As always, if you’re after free solar quotes, we’ve got you covered! And don’t forget to get your free copy of our 2023 Ultimate Buyer’s Guide to Solar.
