1. Small-scale Technology Certificates (STCs): Under the federal government’s Renewable Energy Target, homeowners and businesses installing Solar panels or other eligible renewable energy systems can create STCs. These certificates can be sold to electricity retailers, providing a financial incentive for the installation of Solar panels.
3. Feed-in tariffs: Electricity retailers provide feed-in tariffs, which pay homeowners and businesses for the excess electricity generated by their Solar panels that is fed back into the grid. The rates and schemes for feed-in tariffs differ across states and retailers.
4. Low-interest loans: Some states offer low-interest loans or financing options to help homeowners and businesses cover the upfront costs of installing Solar panels. These loans often have attractive repayment terms, making Solar more affordable.
5. Net metering: Net metering allows homeowners and businesses to offset their electricity consumption by exporting excess Solar energy to the grid. This reduces their electricity bills and provides a financial incentive for installing Solar panels.
It’s important to note that these rebates and incentives can change over time and vary by state, so it’s advisable to check with local government authorities and energy retailers for the most up-to-date information.