1. Small-scale Technology Certificates (STCs): These are created when a Solar panel system is installed, and they can be sold to offset the upfront cost of the system. The number of STCs received depends on the size of the system and its location, with more remote areas receiving higher amounts.
2. Feed-in Tariffs (FiTs): These are payments made by electricity retailers to individuals or businesses who generate excess Solar energy and feed it back into the grid. The rate at which the energy is purchased varies between states and territories.
3. Solar Homes and Communities Plan: This Rebate program is offered by the Australian government and provides financial support to low-income households and community organizations to install Solar systems. It aims to reduce electricity bills and promote renewable energy usage.
4. Renewable Energy Certificates (RECs): These are similar to STCs, but are created for larger-scale Solar projects or other renewable energy installations. RECs can be sold to help offset the cost of the system.
5. State-specific rebates: Some Australian states offer additional rebates or incentives to promote Solar energy adoption. For example, the New South Wales government offers the Empowering Homes Program, which provides interest-free loans for battery storage systems and interest-free loans or grants for Solar panel systems.
It’s important to note that the availability and details of Solar rebates may vary depending on the state or territory in Australia, and eligibility criteria may apply. It’s recommended to check with local government authorities or Solar installers for the most up-to-date information.