1. Small-scale Technology Certificates (STCs): STCs are a form of tradable currency that homeowners and businesses can receive when they install eligible Solar systems. The number of STCs received depends on the size of the system and the location. These certificates can be sold to electricity retailers, who use them to meet their renewable energy targets.
2. Feed-in Tariffs (FiTs): FiTs are payments made to Solar system owners for the excess electricity they generate and feed back into the grid. The rates vary depending on the state or territory and the electricity retailer. FiTs can help offset the cost of the Solar system by providing ongoing income.
3. Solar Homes and Communities Plan: This Rebate program provides subsidies and interest-free loans to eligible households for the installation of Solar panels and Solar hot water systems. The program aims to reduce energy bills and greenhouse gas emissions.
4. Renewable Energy Target (RET): The RET is a government policy that requires a certain percentage of Australia’s electricity to come from renewable sources. This creates a demand for renewable energy certificates, including STCs, which can be traded on the market.
5. State and Territory-specific rebates: In addition to the national rebates, each state and territory in Australia may offer its own Solar rebates. These can include additional financial incentives, such as grants or low-interest loans, to encourage the adoption of Solar energy.
It’s important to note that the availability and details of these rebates can change over time, so it’s advisable to check with the relevant government authorities or consult with a Solar installer for the most up-to-date information.