The most well-known Solar Rebate in Australia is the Small-scale Renewable Energy Scheme (SRES), which provides a financial incentive for the installation of small-scale Solar panel systems, wind turbines, and Solar water heaters. Under the SRES, homeowners and businesses are eligible to receive Small-scale Technology Certificates (STCs) based on the amount of renewable energy their system is expected to generate over a certain period.
The number of STCs granted is determined by the size of the Solar system and the location where it is installed. These certificates can then be sold to electricity retailers, who are obligated to purchase a certain number of STCs each year to meet their renewable energy targets. The value of STCs fluctuates based on supply and demand, but they can significantly reduce the upfront cost of installing a Solar system.
In addition to the national SRES, some states and territories in Australia offer additional Solar rebates or incentives. For example, the New South Wales government has the Empowering Homes program, which provides interest-free loans for Solar and battery storage installations. The South Australian government offers the Home Battery Scheme, which provides subsidies for battery storage systems. Other states may have similar programs in place.
It’s important to note that Solar rebates and incentives can change over time, so it’s always a good idea to check with the relevant government authorities or consult with a Solar installer to understand the latest programs and eligibility criteria.