1. Small-Scale Renewable Energy Scheme (SRES): This scheme provides financial incentives in the form of Small-scale Technology Certificates (STCs) to homeowners and businesses who install eligible Solar systems. The number of STCs received depends on the size of the system and its geographical location, with more STCs awarded for systems in areas with higher Solar radiation levels.
2. Feed-in Tariffs (FiTs): Many Australian states and territories offer feed-in tariffs, which provide homeowners and businesses with a payment for excess electricity generated by their Solar systems that is fed back into the grid. The rates and structure of these tariffs vary between jurisdictions.
3. Solar Homes and Communities Plan: This program, run by the Australian government, provides financial assistance to low-income households and community organizations to install Solar power systems. It aims to reduce energy costs for vulnerable households and promote community-based renewable energy projects.
4. State and territory-based incentives: Various states and territories in Australia offer additional incentives to encourage the adoption of Solar energy. For example, the New South Wales government provides interest-free loans for Solar battery installations, while the South Australian government offers grants for Solar and battery storage installations.
5. Business incentives: In addition to the above rebates, there are also specific incentives available for businesses. The Australian government provides tax incentives, such as the Instant Asset Write-Off scheme, which allows businesses to immediately deduct the cost of eligible Solar energy equipment. State governments may also offer grants or low-interest loans to businesses for Solar installations.
It is important to note that the availability and specifics of these rebates and incentives can vary depending on the state or territory in Australia. Therefore, it is advisable to check with local authorities or reputable Solar installers for the most up-to-date information.