Queensland's Solar Bonus Scheme

Queenslanders with solar power systems can put surplus power into the state grid  16000646 800517885 0 0 14090562 300

Queensland residents with solar power renewable energy systems installed in their homes can benefit from a payout from the government under the Queensland Solar Bonus scheme.

The government buys any extra power generated by these systems that is surplus to the household's needs and feeds it back into the grid.

To be eligible, households need to consume less than 100 megawatt hours of electricity over the course of the year and their solar power system must be hooked up to Queensland's electricity grid.

In order to receive the feed in tariff, you must have an account with an electricity supplier and an agreement must be reached with the energy distributor.

The saving will be seen on your power bill as it will be credited for the extra energy at a rate of 8 cents per kilowatt hour.

Your electricity retailer will calculate how much power you used from the grid and how much you exported to it based on your meter readings.

While you may feed energy onto the grid during the day, particularly if nobody is home, you will most likely use energy from the grid during the night.

This means you may see a reduction in your electricity prices after a solar system is built.

Photovoltaic systems take sunshine and turn it into electricity. They are quiet with have low operating and maintenance costs and can help lower greenhouse gas emissions.

If you are building a small solar system, you may be eligible for assistance from the federal government under the small-scale Renewable Energy Scheme, whether it is a photovoltaic
you are constructing.

Once the new system is put in place, it could be worth doing an electricity comparison as you might be able to benefit from a different deal if you are consuming less power.

In exchange for building a renewable energy system, you will be rewarded with small-scale technology certificates (STCs). The number of these you are eligible for depends on the amount of power your solar system will create.

STCs function as a form of currency and can be exchanged for a discount or delayed payment with the agent or system installer who is then assigned the certificates.

Alternatively, STCs can be sold through the open market - subject to market conditions - or through the STCs clearing house, where they will be subject to a fixed price of $40 per certificate, excluding GST.

Posted by Charlie Moore