Solar rebates in Australia are available to both residential and commercial customers. The two main types of rebates are Small-scale Technology Certificates (STCs) and feed-in tariffs.
STCs are a form of currency that can be created when a Solar system is installed. The number of STCs generated depends on the size and location of the system, as well as the amount of electricity it is expected to generate over its lifetime. These STCs can then be sold to electricity retailers, who are required by law to purchase a certain number each year. The value of STCs can vary depending on market conditions.
Feed-in tariffs, on the other hand, are a payment for excess electricity generated by a Solar system that is fed back into the grid. Customers can receive a payment or credit on their electricity bills for the electricity they export. The rate of the feed-in tariff is determined by the electricity retailer or the state government.
In addition to these rebates, some state governments offer additional incentives such as grants or interest-free loans to further support the adoption of Solar energy. These incentives can vary depending on the state and may have specific eligibility criteria.
Solar rebates have played a significant role in the rapid growth of the Solar industry in Australia. They have made Solar systems more affordable for many households and businesses, leading to increased installation rates and a reduction in greenhouse gas emissions.