The main Solar Rebate program in Australia is called the Small-scale Renewable Energy Scheme (SRES), which provides incentives for the installation of small-scale Solar energy systems. 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 power generation over a 15-year period.
The number of STCs awarded depends on factors such as the size of the system, the location, and the amount of electricity it is expected to generate. These STCs can then be sold to electricity retailers, who are required by law to purchase a certain number of STCs each year. The income generated from selling the STCs can help reduce the upfront cost of installing a Solar energy system.
In addition to the SRES, some state and territory governments in Australia also offer their own Solar rebates and incentives. These programs vary between states but can include additional financial assistance, such as grants or loans, to further offset the cost of installing Solar panels.
It is important to note that the availability and value of Solar rebates in Australia can change over time as government policies and funding priorities evolve. Therefore, it is advisable to check with relevant government websites or speak with Solar installers to get the most up-to-date information on available rebates.