One of the main Solar rebates in Australia is the Small-scale Renewable Energy Scheme (SRES). Under this scheme, homeowners and businesses are eligible to receive small-scale technology certificates (STCs) for the installation of eligible Solar panel systems, wind turbines, and Solar water heaters. These STCs can then be sold to registered agents or traded on the open market, providing a financial benefit.
The amount of STCs received depends on the size of the system and the location, as well as the amount of renewable energy it is expected to generate over its lifetime. The value of STCs can fluctuate based on supply and demand, but they can significantly reduce the upfront cost of installing Solar panels.
Additionally, some state and territory governments offer their own Solar rebates and incentives. For example, the New South Wales government has the Empowering Homes program, which provides interest-free loans for Solar battery systems to eligible households. The Victorian government offers the Solar Homes program, which provides rebates for Solar panel installations and interest-free loans for Solar battery systems.
Furthermore, the federal government has introduced the Clean Energy Finance Corporation (CEFC) and the Australian Renewable Energy Agency (ARENA) to provide funding and support for renewable energy projects, including Solar installations. These organizations offer grants, loans, and financial assistance to businesses and community organizations looking to invest in renewable energy.
Overall, these Solar rebates and incentives aim to accelerate the adoption of Solar energy in Australia and reduce greenhouse gas emissions. They make it more financially viable for homeowners and businesses to invest in renewable energy systems, leading to a more sustainable and clean energy future.