The primary Solar Rebate program in Australia is the Small-scale Renewable Energy Scheme (SRES), which provides financial incentives for small-scale Solar panel installations. Under this scheme, individuals and businesses can create Small-scale Technology Certificates (STCs) for the Solar energy they produce. These STCs can then be sold or traded to offset the cost of installing Solar panels.
The number of STCs a Solar panel system is eligible for depends on various factors, such as the size of the system and its location. The value of each STC is determined by the market and can fluctuate over time. Typically, the more Solar panels installed, the more STCs can be created, leading to a higher Rebate.
To claim the Rebate, homeowners and businesses need to engage an accredited installer and submit relevant documentation to the Clean Energy Regulator. The installer usually handles the paperwork and deducts the Rebate from the total installation cost.
In addition to the SRES, some state governments in Australia also offer additional Solar rebates and incentives. These programs vary by state and can include grants, loans, or feed-in tariffs, which allow Solar energy system owners to sell excess electricity back to the grid at a premium rate.
Solar rebates in Australia have played a significant role in driving the adoption of Solar energy. They have helped make Solar panel installations more affordable and have contributed to the country’s transition towards renewable energy.