1. Small-scale Renewable Energy Scheme (SRES): This scheme provides financial incentives to households and small businesses that install small-scale renewable energy systems, including Solar panels. The incentives are given in the form of Small-scale Technology Certificates (STCs), which can be traded and sold to help offset the upfront cost of installing the system.
2. Feed-in Tariffs (FiTs): Many states and territories in Australia offer feed-in tariffs, which allow Solar system owners to receive payments for excess electricity they generate and feed back into the grid. The rates and conditions of feed-in tariffs vary between states and electricity retailers.
3. Renewable Energy Target (RET): The RET requires a certain percentage of Australia’s electricity to come from renewable sources, including Solar power. This policy helps create a demand for renewable energy and encourages the installation of Solar systems.
4. State-specific incentives: Different states and territories in Australia may offer additional Solar rebates and incentives. For example, the New South Wales government offers the Empowering Homes program, which provides interest-free loans for Solar and battery installations. The South Australian government has the Home Battery Scheme, which provides subsidies for residential battery storage systems.
5. Energy Efficient Communities Program: This program provides grants to help community organizations and businesses improve their energy efficiency and reduce their energy consumption, including funding for Solar power systems.
It’s important to note that the availability and details of these incentives can change over time, so it’s recommended to check with relevant government websites or consult with Solar system installers for the most up-to-date information.