Solar rebates in Australia are typically provided through government programs, such as the Small-scale Renewable Energy Scheme (SRES) and various state-based initiatives. The SRES offers small-scale technology certificates (STCs) to homeowners and businesses that install eligible Solar panel systems.
The number of STCs a Solar system receives depends on factors such as the system’s capacity, location, and the market price of STCs. These certificates can be traded or sold to electricity retailers, who are required by law to acquire a certain number of STCs each year. The financial value of the certificates can be used by homeowners and businesses to reduce the upfront cost of installing Solar panels.
Additionally, some state governments offer their own Solar rebates and incentives. For example, the New South Wales government runs the Energy Savings Scheme, which provides discounts on energy-efficient appliances and Solar power systems. Similarly, the Victorian government offers the Solar Homes Program, which provides rebates and interest-free loans for Solar panel installations.
These Solar rebates aim to accelerate the adoption of Solar energy and reduce reliance on fossil fuels. By making Solar systems more affordable, they help to lower electricity bills and reduce greenhouse gas emissions. The availability and amount of Solar rebates can vary depending on the location and the specific program, so it is advisable to check with local authorities or consult with Solar installers for the most up-to-date information.