Solar rebates in Australia are financial incentives provided by both the federal and state governments to encourage households and businesses to install solar power systems. These rebates help offset the upfront cost of purchasing and installing solar panels, making solar energy more accessible and affordable.

January 18, 2024by Luke0

The federal government provides a Solar Rebate through the Small-scale Renewable Energy Scheme (SRES). Under this scheme, households and businesses that install small-scale Solar power systems (with a capacity of up to 100 kilowatts) receive Small-scale Technology Certificates (STCs). The number of STCs received depends on the size of the Solar system and the location. These STCs can then be sold or traded to registered agents, who can use them to meet their renewable energy targets.

The value of the Rebate is determined by the market price of STCs, which fluctuates based on supply and demand. Generally, the Rebate reduces the upfront cost of Solar panel installation by a significant amount.

In addition to the federal Rebate, some state governments also provide additional incentives to promote Solar energy adoption. These incentives can include grants, feed-in tariffs (where excess electricity generated by Solar panels is sold back to the grid at a premium rate), and low-interest loans.

It’s important to note that the availability and value of these Solar rebates can vary depending on the state or territory. It’s recommended to check with your local government or a reputable Solar installer to understand the specific rebates and incentives available in your area.

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