1. Small-scale Renewable Energy Scheme (SRES): This is a federal government initiative that provides financial incentives for installing small-scale renewable energy systems, including Solar panels. Under the SRES, homeowners and businesses can create small-scale technology certificates (STCs) for every megawatt-hour of electricity their system generates. These STCs can be sold to electricity retailers, who are required to buy a certain number of them each year.
2. Feed-in Tariffs (FiTs): Many states and territories in Australia offer feed-in tariffs, which allow homeowners and businesses to earn money by exporting excess Solar energy back to the grid. The rates and terms of these tariffs vary by location, but they generally provide a credit on electricity bills for the energy sent back to the grid.
3. Solar Homes and Communities Plan: This initiative provides rebates and grants for installing Solar panels and batteries to eligible low-income households, community organizations, and schools. The program aims to reduce energy costs for disadvantaged households and promote community-based renewable energy projects.
4. Government Grants: Various government grants are available at the state and federal level to support the adoption of Solar energy. These grants can help fund the installation of Solar panels and other renewable energy systems for businesses, community organizations, and individuals.
5. State-specific Incentives: Different states and territories in Australia may offer additional incentives and rebates for Solar energy installations. For example, the New South Wales government offers the Empowering Homes Program, providing interest-free loans for eligible homeowners to install Solar and battery systems.
It’s important to note that the availability and terms of these rebates and incentives can change over time. It’s recommended to check with relevant government websites or consult with Solar energy installers for the most up-to-date information on specific programs and eligibility requirements.