One of the main Solar rebates in Australia is the Small-scale Renewable Energy Scheme (SRES). This scheme provides financial incentives in the form of Small-scale Technology Certificates (STCs) to households and businesses that install eligible Solar power systems. The number of STCs received depends on the size and location of the system, as well as the amount of electricity it is expected to generate over its lifetime.
The value of STCs is determined by market demand and can be traded or sold to registered agents or other entities that have a legal obligation to surrender them to the government. These STCs can significantly reduce the upfront cost of installing a Solar system.
Additionally, some states and territories in Australia offer their own Solar rebates and incentives. For example, the New South Wales government offers the Solar for Low Income Households Program, which provides free Solar systems to eligible low-income households.
Another popular incentive is the feed-in tariff, which allows Solar system owners to earn credits for the excess electricity they generate and feed back into the grid. These credits can then be used to offset the cost of electricity consumed from the grid during times when the Solar system isn’t producing enough power.
Furthermore, some local councils and utility companies offer additional rebates or discounts for installing Solar systems, particularly for energy-efficient or low-income households.
It’s important to note that the availability and specific details of these rebates and incentives can vary across different states and territories. Therefore, it’s recommended to check with local authorities, government websites, or reputable Solar installers to get accurate and up-to-date information on the available rebates and incentives in a particular area.