How Government Policies Boost or Block the Adoption of Solar Energy.

The awareness of harmful chemicals makes residents step towards natural resources. And to encourage citizens, the Australian government is also taking a step forward. As Australia is located in a place that has vast geological advancements, it is preferable for solar panels, wind farms, and other energy generators.

There are many people who are shifting towards natural resources. But at times, installation expenses can be a bit expensive, and this acts as a drawback point. To eliminate this drawback point, the Australian government has made policies and subsidies that help people choose eco-friendly living and make Australia a better place to build a home and family.

Are Government Policies Important For Solar Adoption?

Yes, they are. At times it costs a bit too much for solar installation. Though after a while it does give an ROI. But in the initial days, it can be a bit difficult. The policies offer solar investment tax credits, feed-in tariffs, and several incentive tariff programmes.

To encourage people to install solar panels, the federal government has different policies like Small-Scale Renewable Energy Schemes, Renewable Energy Target and State Based Incentive. These all together help in reducing the high cost and offer the valuable return in generating energy from natural resources.

Here is the list of policies that help citizens choose natural resources.

• Subsidies and financial incentives:

(i) Solar investment tax credits: The Australian government encourages people to install solar panels by offering a tax credit. One can install solar panels and, in return, a certain amount decided by the government will be deducted from your tax payments.

(ii) Grants and Rebets: The government is aware that at times solar installation and battery storage systems cost too much. To reduce financial stress, they offer discounts on the same and make it economically available for everyone. With discounts, batteries and panels become pocket-friendly, and people can use them.

(iii) Performance-based incentive: This incentive is totally dependent on how much energy your solar plant generates in a day, week, or month as decided prior. Based on that, you get incentives.

• Renewable energy targets: In 2008, the federal government of Australia started a scheme of RET. It ensures that a certain amount of energy is generated by renewable energy products. Based on the scheme, there are two policies for citizens. 

 (i) Large-Scale Renewable Energy Target: In this, the government offers Large Scale Generation Certificates (LGCs). One can sell or trade this certificate, and in return, they get financial benefits. This encourages people to install large-scale projects.

 (ii) Small-Scale Renewable Energy Target: This scheme encourages residents to install small-scale solar plants in their homes or small offices. The Small-scale Technology Certificates (STCs) ensure certain benefits for the same.

• Feed-in Tariffs and Net Metering: In this programme, one can reduce the cost by sending excessively generated power back to the grind. This fosters customer involvement in the projects; the return encourages them to install more solar panels, and the government gets more power.
• Public Awareness campaigns: As the idea of solar panels is still growing, many people are still not aware of it. For the same reason, the government has started campaigns that spread public awareness. This campaign helps people know the benefits and the discount or tax advantages. After that, people may choose solar energy products more.
• Research and Development Funding: The government can fund the research units. Or they can help researchers lower their costs, and improve the performance of solar panels and battery storage systems.
• International Agreements and Cooperations: Now, everyone recognises the importance of solar energy and natural resources. Accordingly, there are international agreements made for contributing to good causes. Many countries have participated in various agreements, and the Paris Agreement is one of them. This ensures knowledge sharing, equipment sharing, and making the world a better place.

Does regional variation affect solar policies?

Yes, your geographical location affects government policies. As in Australia, there are places that get more sun exposure than others and generate more power. For them, there are different policies and benefits. And the places where there is not much sunlight, get minimal benefits. In this way, location makes it differentiate between policies.

Conclusion

The sole aim behind incentives, rebates, feed-in tariffs, and tax deductions is to encourage citizens to choose solar panels and take a step towards a healthy, chemical-free life. The government understands that at times solar installation or battery storage systems can cause too much. For the same, the policies help everyone choose natural resources rather than getting financial burden. Choose solar energy today and get all the benefits from the government.