– Small-scale Renewable Energy Scheme (SRES): This is a federal government incentive that provides Small-scale Technology Certificates (STCs) for eligible solar PV systems. The number of STCs depends on the size and location of the system, and these can be sold to recoup a portion of the upfront cost of the system.

March 14, 2024by Luke0

– Feed-in Tariff (FiT): This is a state government incentive that pays households and businesses for the excess electricity generated by their Solar PV system that is fed back into the grid. The rate of payment varies depending on the state and electricity retailer.

Solar rebates: Some state governments offer rebates for the purchase and installation of Solar PV systems. These rebates can help offset the upfront cost of the system.

Solar loans: Some financial institutions offer low-interest loans specifically for the purchase and installation of Solar PV systems. These loans can help make Solar energy more affordable for households and businesses.

Solar leasing and Power Purchase Agreements (PPAs): Some companies offer leasing options or PPAs where they own and maintain the Solar PV system on a customer’s property, and the customer pays a fixed rate for the electricity generated by the system. This can be a good option for those who may not be able to afford the upfront cost of a Solar PV system.

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