Queensland is at the forefront of renewable energy initiatives, offering a variety of incentives to encourage the adoption of commercial solar systems and electric vehicle (EV) charging infrastructure. Here’s a summary of the key programs and benefits available to businesses:
Commercial Solar Incentives:
- Small-Scale Technology Certificates (STCs): Businesses installing solar systems under 100 kW can benefit from STCs, which act as a discount on the installation costs. The number of STCs depends on the system’s size and the geographical location of the installation.
- Large-Scale Generation Certificates (LGCs): For systems over 100 kW, businesses can generate LGCs. These certificates can be sold to entities required to offset their emissions, providing a continuous revenue stream based on the amount of electricity generated.
- Feed-In Tariffs (FiTs): Commercial solar systems can sell excess energy back to the grid. The rate varies depending on the retailer and specific agreements but can provide significant savings on energy costs.
- Business Energy Saving and Transformation (BEST) Program: This program offers rebates covering up to 50% of the purchase and installation costs for energy-efficient equipment, including solar systems (AHLEC).
EV Charging Incentives:
- Zero Emission Vehicle (ZEV) Rebate Scheme: Queensland offers rebates of up to $6,000 for businesses purchasing eligible new EVs. This scheme is part of the state’s effort to promote the adoption of electric vehicles and reduce emissions.
- Infrastructure Grants: Grants are available to support the installation of EV charging stations. These grants aim to expand the charging network and make EV adoption more feasible for businesses and the public.
- Queensland Renewable Energy Industry Association Grants: Funding is provided to support various renewable energy initiatives, including the installation of EV chargers. These grants help businesses integrate EV charging solutions, promoting a greener future.
Benefits for Businesses:
- Cost Savings: By generating their own renewable energy, businesses can significantly reduce electricity bills and hedge against future price increases.
- Environmental Impact: Investing in solar and EV charging infrastructure helps businesses reduce their carbon footprint and support Australia’s renewable energy targets.
- Marketing Advantages: Demonstrating a commitment to sustainability can enhance a business’s reputation and attract environmentally conscious customers.
Queensland’s comprehensive incentives and support programs make it an ideal time for businesses to invest in commercial solar and EV charging infrastructure, driving both economic and environmental benefits.
For more detailed information on commercial solar and EV charging incentives, visit the Queensland Government Business website.