There are several types of Solar rebates available in Australia:
1. Small-scale Technology Certificates (STCs): STCs are a form of financial incentive provided under the federal government’s Small-scale Renewable Energy Scheme. These certificates are created for eligible Solar panel installations and can be traded or sold to offset the cost of the system. The number of STCs a system is eligible for depends on its size, location, and the amount of renewable energy it is expected to generate over its lifetime.
2. Feed-in Tariffs (FiTs): FiTs are offered by individual state and territory governments, as well as some electricity retailers. These tariffs pay Solar panel owners for the excess electricity they feed back into the grid. The rates and eligibility criteria for FiTs vary across different regions.
3. Solar Homes Program: The state governments of Victoria and South Australia offer specific Solar rebates under their Solar Homes Program. These rebates provide financial assistance to eligible households, enabling them to install Solar panels or Solar hot water systems at a reduced cost.
4. Clean Energy Finance Corporation (CEFC) Loans: The CEFC offers loans to businesses and community organizations for the installation of renewable energy systems, including Solar panels. These loans provide upfront capital and flexible repayment terms, helping organizations transition to clean energy.
5. Business Energy Advice Program (BEAP): BEAP is a government-funded program that assists small to medium-sized businesses in improving their energy efficiency and transitioning to renewable energy. It provides tailored advice, including financial incentives, to help businesses reduce energy costs and carbon emissions.
It is important to note that the availability and terms of Solar rebates may change over time, and eligibility criteria may vary depending on the location and size of the Solar system. It is recommended to check with relevant government agencies or certified Solar installers to get accurate and up-to-date information on available rebates.