The Australian government offers various types of Solar rebates to support the adoption of Solar energy. The most common Rebate program is the Small-scale Renewable Energy Scheme (SRES), which provides financial incentives for installing small-scale renewable energy systems, including Solar panels. Under the SRES, eligible Solar panel installations receive Small-scale Technology Certificates (STCs), which can be sold or traded to offset the upfront cost of the system.
The number of STCs assigned to a Solar panel installation depends on factors such as the system size, location, and the amount of electricity it is expected to generate over a certain period. The greater the expected electricity generation, the more STCs the installation is eligible for, resulting in a higher Rebate.
Apart from the SRES, some state governments in Australia also offer additional rebates and incentives. For instance, the New South Wales government provides the Empowering Homes Program, which offers interest-free loans for Solar battery installations to eligible households. Victoria has the Solar Homes Program, providing rebates and interest-free loans for Solar system installations.
Solar rebates in Australia help reduce the payback period for Solar panel installations, making them more affordable and encouraging more people to switch to renewable energy. They also contribute to reducing greenhouse gas emissions and promoting sustainable development.
It’s important to note that Solar rebates and incentive schemes can change over time, so it’s advisable to check with relevant authorities or consult a Solar installer to get the most up-to-date information on available rebates in your area.