1. Small-scale Renewable Energy Scheme (SRES): This scheme provides financial incentives in the form of Small-scale Technology Certificates (STCs) for eligible Solar power systems. The number of STCs received depends on the system’s size, location, and the amount of electricity it is expected to generate over its lifetime. These STCs can be traded or sold to help offset the cost of installing a Solar power system.
2. Feed-in Tariffs (FiTs): Many states and territories in Australia offer feed-in tariffs, which provide a credit or payment to homeowners or businesses for the excess electricity generated by their Solar power system that is exported back to the grid. The rates and conditions for FiTs vary across different regions.
3. Solar Homes and Communities Plan: This initiative provides grants and funding for Solar power systems in remote and regional areas, schools, and community organizations. It aims to reduce energy costs and increase the adoption of renewable energy in these areas.
4. Renewable Energy Target (RET): The RET is a federal government policy that aims to ensure that 33,000 gigawatt-hours of Australia’s electricity comes from renewable sources by 2020. It creates a demand for renewable energy and encourages the installation of Solar power systems by large-scale energy retailers.
5. State-specific incentives: Some states and territories offer additional rebates and incentives to promote Solar power adoption. For example, the New South Wales government offers the Empowering Homes program, which provides interest-free loans and rebates for eligible Solar battery systems.
It is important to note that the availability and details of these rebates and incentives can change over time and vary between states and territories. It is recommended to check with local government authorities or consult a Solar installer to get the most up-to-date information on available incentives.