One of the most well-known Solar rebates in Australia is the Small-scale Renewable Energy Scheme (SRES). Under this scheme, homeowners and businesses can receive Small-scale Technology Certificates (STCs) for installing eligible Solar panel systems. The number of STCs received depends on the size of the system and the location, with more STCs granted for systems in areas with higher Solar radiation.
STCs can be sold to electricity retailers or other entities that have a legal obligation to purchase them. The value of STCs fluctuates based on market demand, but they can significantly reduce the upfront cost of installing Solar panels.
Another Rebate available in Australia is the Solar Homes and Communities Plan. This program provides financial assistance to low-income households, community organizations, and schools to install Solar panels. The aim is to reduce energy costs for these groups and promote the use of renewable energy.
Some state governments also offer additional Solar rebates. For example, the Victorian Government has the Solar Homes Program, which provides rebates and interest-free loans for the installation of Solar panels. This program is available to homeowners, renters, and landlords.
In addition to rebates, there are also feed-in tariffs in Australia, which allow Solar panel owners to sell excess electricity generated by their systems back to the grid. The rates for feed-in tariffs vary by state and electricity retailer, but they can provide additional financial benefits to Solar panel owners.
Overall, these Solar rebates and incentives aim to make Solar energy more accessible and affordable for Australians. By reducing the upfront costs and providing financial incentives, more residential and commercial properties can transition to renewable energy sources and contribute to a greener future.