The normal maximum benefit, for applications up to June 2011, is $6,000 for a 1.5kw system in zone 3.
This is based on the RECs value of the system multiplied by 5, then multiplied by the $ value of each REC.
- From 1 July 2011 this drops down to a 4 x multiplier, meaning that the current $6,000 rebate will then only be worth $4,800
- From 1 July 2012 this drops down to a 3 x multiplier, meaning that the current $6,000 rebate will then only be worth $3,600
- From 1 July 2013 this drops down to a 2 x multiplier, meaning that the current $6,000 rebate will then only be worth $2,400
- From 1 July 2014 this drops down to a single multiplier, meaning that the current $6,000 rebate will then only be worth $1,200
Any system designed to generate capacity above 1.5 kW will still be eligible for the 1:1 rate of RECs values on the amount above 1.5 kW.
More official information can be seen at: www.climatechange.gov.au/what-you-need-to-know/renewable-energy/solar-homes.aspx
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