Government incentives that put renewables within reach

The global energy price crisis is driving up gasoline, electric and gas bills by hundreds of dollars a year, and could well be a tipping point for thousands of families eyeing home heating systems. solar energy, as well as associated batteries or electric vehicles (EV).

State and federal governments are on board, offering attractive incentives to switch to renewable energy that are now making solar power systems and electric vehicles more accessible for households.

The number of electric vehicle charging stations is increasing to meet a large planned shift to electric cars.

If you are a household of four with an electric bill of around $3,000 per year, a typical solar system with 6.6 kW of panels and a 10 kWh battery will cost you between $15,000 and $22,000. – before government rebates – so you are looking at a 5-7 year period before the system becomes self-financing.

While electric vehicles still cost more than petrol cars, the fuel and maintenance savings mean that, over 5-6 years, the cost is about the same for a new MG ZS EV (due August and the cheapest EV on the market) and a similar gasoline-powered car.

If you want to charge an electric vehicle from your solar system, you will probably need more panels and a larger battery than those described above, which will extend the recovery time.

However, even though the solar system costs more, financial help is at hand.

Every state now has electric vehicle rebates worth thousands of dollars that you can use to add additional panels to your solar system.

So what government financial assistance can you get to switch to renewable energy? I did a quick review.

  • The Australian Capital Territory remains the place to live for government renewable energy incentives, with a rebate of up to $3,500 on batteries, up to $2,500 for low-income households installing solar, as well as interest-free loans of up to $15,000 for energy-efficient products, including solar power and electric vehicles.

Julio V. Miller