The Australian government offers several Solar rebates and incentives to promote the adoption of renewable energy. These include the Small-scale Renewable Energy Scheme (SRES) and various state-based programs.
The Small-scale Renewable Energy Scheme (SRES) is a federal government initiative that provides rebates for small-scale Solar panel installations (up to 100kW) and other eligible renewable energy systems. Under this scheme, homeowners and businesses earn Small-scale Technology Certificates (STCs) for each megawatt-hour of electricity their Solar system generates. These STCs can then be sold to electricity retailers or brokers, who are required by law to purchase a certain number of them. The value of STCs varies depending on market conditions, but they typically contribute to a significant reduction in the upfront cost of Solar installations.
In addition to the federal scheme, several states and territories in Australia offer their own Solar rebates and incentives. For example, the New South Wales government offers the Solar for Low Income Households Program, which provides low-income households with a Rebate of up to $2,200 for the installation of Solar panels. Similarly, the Victorian government offers the Solar Homes Program, which provides rebates and interest-free loans for Solar panel installations.
These Solar rebates and incentives play a crucial role in making Solar energy more affordable and accessible to Australians. By reducing the upfront costs, they encourage more homeowners and businesses to invest in renewable energy systems, which in turn helps reduce greenhouse gas emissions and dependence on fossil fuels.