The Australian government offers several Solar rebates and incentives to support the adoption of renewable energy. One of the main programs is the Small-scale Renewable Energy Scheme (SRES), which provides financial incentives for small-scale Solar panel installations.
Under the SRES, homeowners and businesses that install Solar panels with a capacity of up to 100 kilowatts (kW) are eligible to receive small-scale technology certificates (STCs). The number of STCs received depends on the size of the Solar system and the location, as different regions receive different levels of Solar radiation. These STCs can then be sold or traded to registered agents, who are responsible for purchasing and surrendering the certificates to the government.
The value of STCs fluctuates based on supply and demand in the market. The financial benefit for the system owner is usually realized by selling these certificates, which helps reduce the upfront cost of the Solar installation.
Additionally, some states and territories in Australia offer their own Solar rebates and incentives. For example, the New South Wales government provides the Empowering Homes Program, which offers interest-free loans and grants to help low-income households install Solar battery systems. Other states may have similar programs to support the adoption of renewable energy.
It’s important to note that Solar rebates and incentives can change over time, so it is essential to check the official government websites or consult with Solar installers to get the most up-to-date information on available programs and rebates.