The Australian government offers various Solar rebates and incentives to promote the adoption of Solar power systems. The two main Rebate programs are the Small-scale Renewable Energy Scheme (SRES) and the Solar Homes and Communities Plan.
1. Small-scale Renewable Energy Scheme (SRES): Under this scheme, homeowners, small businesses, and community organizations are eligible to receive Small-scale Technology Certificates (STCs) when they install Solar power systems. The number of STCs received depends on the system’s capacity and location. These certificates can be sold to electricity retailers, who use them to meet their renewable energy targets. The value of STCs fluctuates based on market demand, but they can significantly reduce the upfront cost of Solar panel installation.
2. Solar Homes and Communities Plan: This initiative provides financial assistance to eligible households and community organizations for the installation of Solar power systems. The program’s focus is on supporting low-income households and those in regional and remote areas. It offers grants and rebates to help cover the costs of purchasing and installing Solar panels.
In addition to these national programs, some state and territory governments offer their own Solar rebates and incentives. For example, the New South Wales government provides the Empowering Homes Program, which offers interest-free loans for Solar battery installations. Victoria has the Solar Homes Program, offering rebates for Solar panel installations and interest-free loans for Solar batteries.