1. Small-scale Renewable Energy Scheme (SRES): This scheme provides financial incentives in the form of Small-scale Technology Certificates (STCs) to households and small businesses that install eligible Solar panel systems. The number of STCs generated depends on the system’s size, location, and the amount of renewable energy it is expected to generate over its lifetime.
2. Feed-in Tariffs (FiTs): Many Australian states and territories offer feed-in tariffs, which allow Solar panel owners to sell excess electricity generated back to the grid. The rate at which electricity is sold is determined by the government and varies across regions.
3. Solar Homes and Communities Plan: This program provides rebates and grants to support the installation of Solar panels in low-income households, community organizations, and schools. The program aims to reduce energy costs and promote renewable energy adoption in disadvantaged communities.
4. Clean Energy Finance Corporation (CEFC): The CEFC offers financial support and incentives to commercial and industrial businesses for investing in renewable energy projects, including Solar panel installations. They provide low-cost finance options to assist businesses in transitioning to cleaner energy sources.
5. State-specific incentives: Each state and territory in Australia may offer additional Solar rebates and incentives. For example, the New South Wales government provides interest-free loans to help homeowners install Solar and battery systems, while the South Australian government offers grants for Solar battery installations.
It is important to note that the availability and details of these rebates and incentives may vary over time and across regions, so it is recommended to check with local government authorities or reputable Solar installers for the most up-to-date information.