The federal government offers a Solar Rebate program called the Small-scale Renewable Energy Scheme (SRES). Under this scheme, homeowners and small businesses that install Solar power systems with a capacity of up to 100 kilowatts are eligible to receive Small-scale Technology Certificates (STCs). These STCs can be sold to electricity retailers, which helps offset the cost of installing the Solar panels.
The number of STCs a system is eligible for depends on its capacity, location, and the amount of electricity it is expected to generate over the course of its lifetime. The value of STCs varies over time and is determined by market demand.
In addition to the federal Rebate, some state governments also offer their own Solar rebates. These state-based rebates can vary in terms of eligibility criteria, funding availability, and the amount of the Rebate.
For example, the New South Wales government offers the Empowering Homes Program, which provides interest-free loans for Solar battery systems to eligible households. The South Australian government offers the Home Battery Scheme, which provides subsidies for the installation of home battery systems.
These Solar rebates can significantly reduce the upfront cost of installing Solar panels and make Solar energy more accessible and affordable for homeowners and businesses. They also help stimulate the growth of the Solar industry and contribute to the reduction of greenhouse gas emissions.