There are two main types of Solar rebates in Australia: Small-scale Technology Certificates (STCs) and the Solar Homes Program.
1. Small-scale Technology Certificates (STCs): STCs are a form of financial incentive for small-scale renewable energy systems, including Solar panels. Under the federal government’s Small-scale Renewable Energy Scheme, individuals and businesses who install eligible Solar systems can create STCs, which can then be sold to electricity retailers or other buyers. The number of STCs generated depends on the size of the Solar system and the location, with more STCs for larger systems and regions with higher Solar potential. The value of STCs fluctuates based on market demand, but they can significantly reduce the upfront cost of Solar installations.
2. Solar Homes Program: The Solar Homes Program is a state-based initiative available in Victoria. It provides rebates or interest-free loans to homeowners who want to install Solar panels. The program aims to make Solar energy more accessible and affordable for households, reduce electricity bills, and support the transition to renewable energy. The Rebate amount is determined based on the size of the Solar system and the income of the household. It is important to note that this program is specific to Victoria and may have different names and criteria in other states or territories.
Overall, Solar rebates in Australia provide financial incentives to promote the adoption of Solar energy systems, making them more affordable and accessible for homeowners and businesses. These rebates help to reduce the upfront costs and contribute to a cleaner and more sustainable energy future.
