Solar rebates in Australia are financial incentives provided by the Australian government to encourage homeowners and businesses to install solar energy systems. These rebates help reduce the upfront cost of installing solar panels and make solar energy more affordable for consumers.

January 8, 2024by Luke0

The two main types of Solar rebates available in Australia are the Small-scale Renewable Energy Scheme (SRES) and the Large-scale Renewable Energy Target (LRET).

1. Small-scale Renewable Energy Scheme (SRES):
– The SRES is designed for small-scale Solar installations, such as residential rooftop Solar panels and Solar hot water systems.
– It provides financial incentives in the form of Small-scale Technology Certificates (STCs), which are created for every megawatt-hour of electricity that the Solar system is expected to generate over a 15-year period.
– The number of STCs that can be created depends on the location, size, and performance of the Solar system.
– These STCs can be sold to electricity retailers or other entities, providing a discount on the upfront cost of the system.
– The value of STCs varies based on market demand and supply, and it is typically higher for systems installed in the early years of the scheme.

2. Large-scale Renewable Energy Target (LRET):
– The LRET is aimed at large-scale renewable energy projects, such as Solar farms and commercial Solar installations.
– It provides financial incentives in the form of Large-scale Generation Certificates (LGCs), which are created based on the amount of renewable energy generated by the system.
– Similar to STCs, LGCs can be sold to entities with large-scale energy liabilities, such as electricity retailers, to meet their renewable energy targets.
– The value of LGCs is determined by market demand and supply and can fluctuate over time.

It’s important to note that these Solar rebates are subject to change and may vary based on factors such as government policies, system size, and location. It is recommended to consult with a Solar installer or check the official government websites for the most up-to-date information on Solar rebates in Australia.

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