The Australian government offers several types of Solar rebates, including:
1. Small-scale Technology Certificates (STCs): This Rebate is available for residential and small commercial Solar installations with a capacity of up to 100 kilowatts. STCs are created based on the expected electricity generation of the Solar system over a period of 15 years. These certificates can be sold in the market to offset the cost of the Solar system.
2. Solar Homes and Communities Plan: This Rebate program provides financial assistance to low-income households, community organizations, and schools to install Solar panels. The program aims to reduce energy costs for vulnerable communities and promote the use of renewable energy.
3. Clean Energy Finance Corporation (CEFC): The CEFC provides financial support through loans, grants, and equity investments to accelerate the development of clean energy projects, including Solar installations. The CEFC helps businesses and large-scale renewable energy projects access affordable finance options.
4. State-specific rebates: Some Australian states offer additional Solar rebates and incentives on top of the federal programs. These state-specific rebates vary in terms of eligibility criteria and funding availability.
Solar rebates in Australia are designed to encourage the adoption of renewable energy, reduce greenhouse gas emissions, and promote energy independence. By reducing the upfront cost of Solar installations, these incentives make Solar energy more accessible and affordable for homeowners and businesses.