The main Solar Rebate program in Australia is the Small-scale Renewable Energy Scheme (SRES), which is administered by the Clean Energy Regulator. Under this scheme, eligible Solar panel systems, Solar water heaters, and heat pump systems are awarded small-scale technology certificates (STCs) based on their expected energy generation over a set period. These STCs can then be sold or traded to recoup a portion of the upfront costs.
The number of STCs awarded depends on factors such as the size of the system and the location of installation. The more STCs a system is eligible for, the higher the Rebate. The value of STCs can vary over time, as it is influenced by supply and demand dynamics in the market.
In addition to the federal government Rebate, some state governments and local councils also offer additional incentives to encourage the adoption of Solar energy. These can include additional rebates, grants, or low-interest loans.
It’s important to note that the availability and value of Solar rebates can change over time, so it’s advisable to check the latest information from the Clean Energy Regulator or relevant state government websites to get accurate and up-to-date details about the rebates and incentives available.