1. Small-scale Technology Certificates (STCs): STCs are a form of financial incentive provided by the Australian government to promote the installation of small-scale renewable energy systems, including Solar panels. The number of STCs awarded to a Solar system depends on its size, location, and the amount of electricity it is expected to generate over its lifetime. These certificates can be sold by system owners to electricity retailers to offset the upfront cost of installing Solar panels.
2. Feed-in Tariffs (FiTs): FiTs are another type of Solar Rebate available in Australia. They are a rate paid by electricity retailers to Solar system owners for the excess electricity generated by their Solar panels that is fed back into the grid. The rate at which the excess electricity is purchased is usually higher than the retail electricity rate, providing an additional financial incentive for Solar system owners. The specific FiT rates vary across states and territories in Australia, and they may be subject to changes over time.